Apparel Industry

Apparel manufacturer Page Industries has reported an on-year rise of 9 per cent in net profit at Rs 178.73 crore for the quarter ended March 31, 2026. The company had posted a net profit of Rs 164 crore during the January-March period a year ago, according to a filing from Page Industries Ltd (PIL). PIL's revenue from operations was up 14 per cent to Rs 1,252.6 crore in the March quarter of FY'26. It was Rs 1,098.07 crore in the corresponding period a year ago. The company's sales volume grew 10.8 per cent year-on-year, amounting to 54.5 million pieces, Page Industries said in its earnings statement. "With positive consumer sentiments, sustained modernisation of retail and a resilient economy, we are confident of sustaining the growth momentum," Managing Director V S Ganesh said, adding that inflationary pressures on key input costs, particularly cotton, continue to persist. "We are well-positioned to manage these challenges through strategic sourcing initiatives, supply chain ...

Weak same-store sales, rising competition, muted discretionary demand weigh on sales

Chairman of the Apparel Export Promotion Council hailed the India-US interim trade agreement noting that the sector had been facing significant challenges over the past six months due to US tariffs

H&M remained India's top global fashion retailer in FY25, while Uniqlo clocked the fastest growth, even as rivals like Zara and M&S lagged amid market slowdown

As inventory piles up, brands are expected to launch spring-summer collections around Republic Day

After three years of store rationalisation and pricing corrections, Unlimited's newer stores are now performing in line with core V-Mart outlets.

Brokerages have identified V-Mart Retail as a preferred pick on the back of superior same-store momentum, strengthened unit economics, and accelerating store expansion.

Third-party logistics services operator Emiza on Monday announced a partnership with Raymond for managing fulfilment of the company's entire online portfolio comprising brands like Park Avenue, ColorPlus, Parx, and Ethnix. Through Emiza's nationwide network of over 24 fulfilment centres across more than 12 cities, the company will handle over 1.45 million annual shipments for Raymond's direct-to-consumer (D2C) website and marketplace e-commerce operations, Emiza said. Under the collaboration, Emiza would provide warehousing, packaging, and intelligent order fulfilment, it said, adding, for Raymond's D2C website orders, the company will enable smart routing from the fabric and fashion retailer's nearest store to optimise last-mile delivery timelines. "At Emiza, we are committed to delivering precision, speed, and scalability through our tech-driven fulfilment network. This partnership reinforces our mission to empower iconic Indian brands with a robust digital supply chain ...

Morgan Stanley believes the recent demerger has created two distinct businesses catering to different investor risk appetites.

Garments priced above Rs 2,500 per piece will become more expensive with GST rates on these items being increased to 18 per cent from 12 per cent, a step which industry bodies said will hurt middle-class affordability and weaken organised retail and the garment sector. Retailers Association of India (RAI) and Clothing Manufacturers Association of India (CMAI), while welcoming the two-slab GST framework and removal of inverted duty structure across the textile value chain, argued that garments priced above Rs 2,500 are also consumed in large numbers by the common man and the middle class. The GST Council, in its meeting held on Wednesday, approved increasing the GST rate from 12 per cent to 18 per cent on apparel and clothing accessories of sale value exceeding Rs 2,500 per piece and also on other made-up textile articles, sets of sale value exceeding Rs 2,500 per piece. While GST on footwear of sale value not exceeding Rs 2,500 per pair has been cut to 5 per cent from 12 per cent, f

CMAI has opposed reports of a GST hike on garments above ₹2,500 to 18%, warning it will hurt middle-class consumers, traditional crafts and an industry hit by tariff wars

The apparel industry has sought a flat 5% GST across all garments to prevent under-invoicing, grey market activity, and inverted duty structure under the proposed GST reforms

The first in a series on the impact of 50% US tariff on Indian goods explores how the textile sector stands on edge, yet stitches prospects in the EU and UK

India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the countries.

Nuvama has picked Jubilant, Trent, V-Mart, Titan, and Aditya Vision as its top bets going forward, highlighting their strong performances and promising outlook

The CMAI said that the proposed GST rate revisions pose a significant threat to the apparel industry, which is facing challenges like drop in consumer demand, profit erosion and working capital issues

Apparel retailers, and exporters in general, have increased their use of air freight since insecurity in the Red Sea disrupted global shipping routes

Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage

With one-third of India's apparel exports heading to the US, the country has solidified its position as the fourth-largest supplier to the American market

Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in FY25 aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India, ratings agency ICRA on Monday. The long-term prospects for Indian apparel exports are favourable, aided by enhanced product acceptance in end markets, evolving consumer trends and a boost from the government in the form of the production-linked incentive (PLI) scheme, export incentives, the proposed free trade agreement with the UK and the EU, among others, ICRA said in a statement. The expected growth this fiscal follows a tepid performance in FY24 when exports were affected because of high retail inventory, sluggish demand from the key end markets, supply chain issues, including the Red Sea crisis and heightened competition from neighbouring countries, it added. With the revival in demand, ICRA said it expects the capex spending to increase in FY2025 and FY2026 and may stay