Latest news with #ApparelResourcesIndia
Fashion Network
2 days ago
- Business
- Fashion Network
Knya opens new retail outlet in Nagpur
Medical apparel brand Knya has opened a new retail outlet in Nagpur, marking its ninth store in India and seventh in Maharashtra. Located at Medical Chowk near General Medical College, the store is the first in the city dedicated exclusively to apparel for medical professionals. The launch is part of Knya's ongoing offline expansion, with a tenth store scheduled to open in southern India, Apparel Resources India reported. Nagpur, a prominent hub for healthcare and education, has been identified as a strategic location to cater to the daily uniform needs of medical practitioners. The new outlet offers Knya's full product portfolio, including scrubs, lab coats, aprons, performance accessories, and the brand's '6Sense Stethoscope.' With plans to launch one store each month in emerging cities in 2025, Knya aims to build a national retail presence 'Maharashtra has been showing great promise for our offline stores, as well as Nagpur, which has been showing strong growth in the medical community that made it an ideal destination,' said Abhijeet Kaji, co-founder of Knya, Apparel Resources India reported. 'This new store puts us closer to providing more support for medical professionals across India. Now, we are focused on expanding our reach into South India, where the demand for our products is quickly rising.'
Fashion Network
4 days ago
- Business
- Fashion Network
Textile Sourcing Week to run concurrently with ASW in Bengaluru this July
The organisers of Apparel Sourcing Week have announced the launch of Textile Sourcing Week, a new event dedicated to fabric, yarn, trim, and accessory suppliers. TSW will take place alongside the fifth edition of ASW from July 2 to 3, 2025 at the Sheraton Grand in Whitefield, Bengaluru. Positioned as a focused platform for textile innovation, TSW aims to connect material manufacturers with sourcing professionals and apparel brands across India and key international markets including the UK, UAE, Saudi Arabia, Australia, the US, and the EU. The show will feature over 50 exhibitors showcasing greige to finished fabrics, technical textiles, a variety of yarns, and a wide range of trims and accessories, Apparel Resources India reported. Organisers expect more than 2,000 verified buyers to attend, with a strong focus on business to business engagement. A dedicated panel discussion on the textile industry will also provide a forum to address challenges and spotlight innovation. Running in tandem with ASW 2025, the twin events are set to host over 150 apparel manufacturers and 8,000 buyers. The programme also includes more than 25 knowledge sessions and workshops, alongside networking opportunities designed to facilitate high-impact sourcing partnerships. TSW aims to become a key hub for textile sourcing in South Asia, catering to the evolving needs of global fashion supply chains.
Fashion Network
27-05-2025
- Business
- Fashion Network
Gokaldas Exports reports 58% EBITDA increase in FY25 Q4
Gokaldas Exports reported a 58% year-on-year increase in earnings before interest, tax, depreciation, and amortisation for the fourth quarter of the 2025 financial year, driven by improved productivity and cost control measures. The company posted an EBITDA of Rs 142 crore, with consolidated profit after tax reaching Rs 53 crore, up 19% from the same quarter last fiscal year. The business' total consolidated income for the fourth quarter of the 2025 financial year stood at Rs 1,035 crore, reflecting a 27% year-on-year increase, while profit before tax rose 84% to Rs 79 crore, Apparel Resources India reported. EBITDA margins also improved by 272 basis points year-on-year during the quarter. For the full financial year, Gokaldas Exports announced that it achieved its highest-ever overall income at Rs 3,917, with a consolidated profit before tax of Rs 218 crore. This marked a 63% increase in total income and a 37% rise in profit before tax compared to the previous year. 'As we continue to grow and consolidate the business, a significant amount of work will be needed to significantly increase the margins over the coming years,' said Gokaldas Exports' vice chairman and managing director Sivaramakrishnan Ganapathi, Apparel Resources India reported. Ganapathi also noted that upcoming challenges remain, such as the US reciprocal tariff and opportunities tied to the India-UK free trade agreement.
Fashion Network
23-05-2025
- Business
- Fashion Network
Trident Ltd reports 126% profit increase in FY25 Q4
Textile manufacturer Trident Ltd has reported a 126.1% year-on-year increase in net profit for the fourth quarter of the 2025 financial year, reaching Rs 133.42 crore (US $15.57 million), compared to Rs 59.01 crore in the same period last year. The company posted revenue of Rs 1864.34 crore in the January to March quarter, marking a 10.82% increase from Rs 1682.26 crore reported in the fourth quarter of the 2024 financial year, Apparel Resources India reported. Earnings before interest, tax, depreciation, and amortisation stood at Rs 245 crore, up 19.3% year on year, with a margin of 13.14%. Segment-wise, the business' towel category led revenue generation with Rs 752.86 crore. The yarn division remained stable, bringing in Rs 908.28 crore, while the bedsheets segment generated Rs 315.14 crore. The business' fourth quarter rebound follows a decline in the previous quarter, when the company recorded a 27% drop in net profit to Rs 80 crore for the October to December period. Trident Ltd is a vertically integrated textile player with operations spanning home textiles, yarn, paper and chemicals, according to its website. The business maintains a strong presence in India's towels and bedsheets market.
Fashion Network
15-05-2025
- Business
- Fashion Network
EU and India launch 11th round of FTA talks, aim to conclude this year
India and the European Union have begun the 11th round of negotiations for their proposed Free Trade Agreement, with discussions underway in New Delhi from May 13 to 16. The current phase focuses on finalising areas of early agreement to expedite the deal's initial stage. The latest round follows a meeting between commerce minister Piyush Goyal and EU officials in Brussels on May 1 to assess progress and advance the talks, Apparel Resources India reported. Both sides are aiming to conclude the full agreement by the end of the year, a timeline endorsed by European Commission president Ursula von der Leyen and Indian prime minister Narendra Modi. The FTA is set to proceed in two phases. The first will address topics where both parties are largely aligned, while more complex matters are scheduled for resolution later this year. Key issues under discussion include market access for goods and services, investment rules, and government procurement. The EU is seeking reduced tariffs on products such as wines, automobiles, and medical devices, along with stronger intellectual property protections. India, in turn, is pushing for greater access for exports including pharmaceuticals, garments, and machinery. Negotiations, which resumed in June 2022 after an eight-year gap, now cover 23 chapters. The EU remains India's largest trading partner, with bilateral goods trade reaching $137.41 billion in the 2024 financial year.
