Sector Textiles, Apparels & Acc. - Latest news, views and updates

Vardhaman Textiles Q3 Results 2025 on 23 Jan, 2025: Revenue increased by 5.83% YoY & profit increased by 31.44% YoY, profit at 210.61 crore and revenue at 2465.3 crore

Textiles, Apparels & Acc.

SECTOR | 06 Jan 2025

Govt fixes 8.19% 'return on capital' for jute bag supplies for packaging

Business Standard

Indian jute mills will earn an 8.19-per cent "return on capital" for supplying jute bags for foodgrain packaging under the newly approved pricing framework by the Ministry of Textiles, a senior official said. This implies that mills will earn the predetermined percentage of profit on the capital invested, regardless of market fluctuations of input costs, he said. According to the Indian Jute Mills Association, the new pricing formula will result in only a 4-5 per cent increase in the price of gunny sack supplies. In contrast, the Office of the Jute Commissioner estimates the pricing benefit to be between 6 per cent and 8 per cent, considering various other modifications made in the new pricing policy following the Tariff Commission recommendations. The new pricing formula will be applied retrospectively from September 2016. "The total benefit impact from the current price revision in sacking bags to mills is estimated to be anywhere between 6-8 per cent, taking into account all ..

Textiles, Apparels & Acc.

SECTOR | 02 Jan 2025

Textile exports increase 7% to $21.35 bn in Apr-Oct of FY25: Govt

Business Standard

India's textiles and apparel exports, including handicrafts, grew 7 per cent during the April-October period to USD 21.35 billion, the government said on Thursday. The outbound shipments from the sector stood at USD 20 billion in the same period of the previous financial year, FY 2023-24. "The Ready Made Garments (RMG) category with exports of USD 8,733 million has the largest share (41 per cent) in the total exports (USD 21,358 million) during the period of April-October of FY 2024-25, followed by Cotton Textiles (33 per cent, USD 7,082 million), Man-Made Textiles (15 per cent, USD 3,105 million)," the Textiles Ministry said. Growth of exports was observed in all principal commodities during April-October of FY 2024-25, as compared to corresponding period of FY 2023-24, except wool and handloom, which declined by 19 per cent and 6 per cent, respectively, the Ministry said. Meanwhile, the overall import of textiles and apparel including handicrafts declined 1 per cent during the ..

Textiles, Apparels & Acc.

SECTOR | 27 Dec 2024, 03:51PM

Sanathan Textiles Shares Close At 23% Premium Over Issue Price

NDTV Profit

The Rs 550-crore initial public offering was subscribed 35.12 times on the final day of bidding.

Sanathan Textiles shares list at 31% premium on NSE; follow GMP trend

Business Standard | 27 Dec 2024, 10:11AM 4 more

Textiles, Apparels & Acc.

SECTOR | 25 Dec 2024

Arunish Chawla appointed as new Revenue Secretary

Business Line

Neelam Shami Rao to be new Textiles Secretary