Apparel Industry

Value fashion outperforms as analysts highlight V-Mart as top retail pick

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.

Emiza partners Raymond for managing fulfilment of online apparel brands

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 ...

Big Upside? Morgan Stanley upgrades Aditya Birla retail twins to Overweight

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

Garments above ₹2.5K to be costlier, will hurt affordability: Industry

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 warns GST hike on apparel above ₹2,500 to be 'death knell' for sector

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

Apparel makers urge govt to fix 5% GST on all garments, end duty issues

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

Trump tariff turbulence: Tiruppur knitwear lifeline stretched thin

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

SP Apparels, Gokaldas, Indo Count, KPR Mill surge up to 20%; here's why

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 bets on QSR, jewellery sectors post Q3, picks Jubilant, Titan, Trent

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

GST hike on apparel could shut MSMEs, lead to 100,000 job losses: CMAI

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

Inditex boosts fast fashion flights from India to avoid shipping delays

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

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating

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

US buyers turn to India for apparel as Bangladesh faces growing concerns

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

Expect Indian apparel exporters to post 9-11% revenue growth in FY25: ICRA

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

Organised apparel retailers to clock 8-20% revenue growth in FY25: Report

Festive and wedding season and increasing preference for fast fashion is expected to help the organised retail apparel sector log 8-10 per cent revenue growth this financial year, a report said on Tuesday. The organised retail apparel sector will clock a revenue growth of 8-10 per cent this fiscal riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, which is inexpensive, trendy clothing that mimics high fashion designs and popular styles, Crisil Ratings said in a report. "The mass market segment accounts for 60 per cent of total sales now, compared with 56 per cent before the pandemic, due to the rising popularity of fast fashion, which is expected to be the primary revenue driver this fiscal. The likely increase in demand for premium clothing during the upcoming festive and wedding seasons will also contribute to overall revenue growth of 8-10 per cent this fiscal," Crisil Ratings Senior ...

Global apparel major H&M to not seek discounts from Bangladeshi suppliers

Bangladesh, alongside China, is the largest production market for clothing for the group

Complex procedures, import restrictions hurt garment export growth: GTRI

Issues like complex procedures of DGFT and customs, import restrictions and domestic vested interests are holding up the export growth of the Indian garment sector, think tank GTRI said on Sunday. At the root of the exporters' problem is difficulty in obtaining quality raw fabric, particularly synthetic fabric, the Global Trade Research Initiative said. "Unlike in Bangladesh and Vietnam, where exporters easily access quality imported fabrics, Indian exporters struggle daily. High import duties on fabrics, coupled with DGFT (Directorate General of Foreign Trade) and Customs; intricate procedures, force exporters to meticulously account for every inch and type of fabric imported," GTRI founder Ajay Srivastava said. He added that the imposition of mandatory quality norms on raw materials like polyester and viscose staple fibres is complicating imports as the BIS (Bureau of Indian Standards) slowly registers foreign suppliers, and this delay compels exporters to buy from domestic ...

Zudio sold 90 t-shirts, 17 lipsticks each minute in FY24, entered 46 cities

Tata Group's fashion chain appeals to young Indians looking to refresh their wardrobe regularly, says annual report of parent company Trent

Express Inc files for US bankruptcy protection, to close over 100 stores

Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday

Result preview: Weak demand may persist for apparel retailers in Q4

Jewellery firms may witness strong growth