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Start-ups mushroom in the industry with fresh ideas

The industry has always rued the fact that the young generation of entrepreneurs is not interested in the textile industry and no fresh ideas are finding their way into the age-old systems. But in the last few years, things are changing and some start-ups have stood-out for their new approach to business. Three new ventures that are about a year old are worth mentioning. While two have been started by industry-informed people, one is the […]

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Anangoor focuses on steam as an energy-saving option

Interestingly, the Indian textile industry is undergoing various innovations in terms of cost-efficiency and also energy-saving, and one such company focusing on identifying energy saving options along with partners is Anangoor Textile Mills. The company with the technical support of Elgi Equipments, Coimbatore has invested in systems to save on steam as a source of energy and has been propagating the same to the numerous members of ITF (Indian Texpreneurs Federation) as well. Speaking exclusively […]

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Arvind Limited bags ‘Top Rank Award’ in energy conservation and efficiency

Arvind Limited, India’s leading fashion and lifestyle conglomerate, has bagged the Top Rank Award in Energy Conservation and Efficiency at the recently held National Energy Conservation Awards 2016, organized by The Bureau of Energy Efficiency (BEE), Ministry of Power, Government of India in New Delhi. The award was presented by Piyush Goyal, Union Minister of State, with Independent Charge for Power, Coal, New and Renewable Energy in the Government of India. On receiving the award, Susheel […]

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Arvind Limited reports rise in Q4 revenue; launches ‘NNNow.com’

India’s leading integrated textile and branded apparel player, Arvind Limited has reported that its consolidate revenue, for the quarter ended March 31, 2016, surged 14 per cent to Rs. 2,320 crore compared with Rs. 2,041 crore in the same quarter last year. According to the company release, consolidated EBIDTA also increased by 14 per cent to Rs. 297 crore as against Rs. 260 crore in the corresponding quarter of the previous year. Profit after tax […]

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Raymond Textiles eyes 8% growth in suiting business

India’s textile major Raymond Textiles is looking to achieve a growth rate of 7-8 per cent in its suiting business over the next fiscal year with an aim to make a turnover of Rs. 2,300 crores in the segment. The company is continuously making efforts to further increase its share in the Indian textile market. In this direction, it has recently launched a UV-protected Technosmart brand of fabrics. Ram Bhatnagar, VP, Head Sales & Distribution […]

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Visagar Polytex reports 16.2% zoom in Q3 net profits

India’s Visagar Polytex Limited has unveiled its results for the third quarter ended December 2015. The company’s earnings in the period under review totalled at Rs. 23.34 crore, up 2.68 per cent compared to Rs. 22.73 crore in the same quarter last year. Its net profit surged 16.2 per cent at Rs. 1.37 crore vis-à-vis Rs. 0.75 crore for the quarter ended in December last year. Besides, the EPS of the company stood at Re. […]

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Welspun Group appoints Rajesh Padmanabhan as Group CHRO

Welspun Group has appointed Rajesh Padmanabhan as the Group Chief Human Resource Officer (CHRO). Excited to work with Team Welspun, Rajesh said, “I’m looking forward to enhancing stakeholder value through our people and aim to shape HR through a structured transformation process. People are the only sustainable competitive advantage for businesses. I am pleased to lead this function and intend to work towards taking it to new heights.” Also Read – Welspun Group’s textile business […]

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India’s Arvind Ltd. notes 4% surge in Q3 revenue

Arvind Limited, India’s leading integrated textile and branded apparel player, has reported surge in the consolidate revenue by 4 per cent at Rs. 2,157 crore for the quarter ended 31st December, 2015 compared with Rs. 2,074 crore in the corresponding quarter of the previous year. Also Read – Arvind Limited honoured by Indian Government for exemplary energy conservation As per the press release from the company, consolidated EBIDTA was marginally lower at Rs. 281 crore […]

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Welspun India: Profit up 21.3% in Q3FY15

Indian textile major Welspun India has reported 21.3 per cent increase in consolidated profit to Rs. 174.08 crore for the third quarter ended December 31. The company had posted a net profit of Rs. 143.57 crore in October-December period a year-ago, Welspun India mentioned in a BSE filing. As per the press release, domestic retail sales continue to witness robust growth and YTD growth stands at 52%. Operating EBITDA zoomed by 17.8% at Rs. 4,006 […]

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