Latest news with #SPApparels
Business Standard
27-05-2025
- Business
- Business Standard
S P Apparels consolidated net profit rises 6.78% in the March 2025 quarter
Sales rise 35.27% to Rs 399.21 crore Net profit of S P Apparels rose 6.78% to Rs 30.41 crore in the quarter ended March 2025 as against Rs 28.48 crore during the previous quarter ended March 2024. Sales rose 35.27% to Rs 399.21 crore in the quarter ended March 2025 as against Rs 295.13 crore during the previous quarter ended March 2024. For the full year,net profit rose 6.10% to Rs 95.15 crore in the year ended March 2025 as against Rs 89.68 crore during the previous year ended March 2024. Sales rose 28.30% to Rs 1395.13 crore in the year ended March 2025 as against Rs 1087.36 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 399.21295.13 35 1395.131087.36 28 OPM % 13.5913.82 - 13.4614.51 - PBDT 48.7839.32 24 166.52155.39 7 PBT 37.4629.83 26 123.22117.64 5 NP 30.4128.48 7 95.1589.68 6
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Business Standard
07-05-2025
- Business
- Business Standard
SP Apparels, Gokaldas, Indo Count, KPR Mill surge up to 20%; here's why
Textiles, garments & apparels stock price movement today: Shares of textile companies including garments and apparel makers such as Gokaldas Exports, Indo Count Industries, S P Apparels and KPR Mill have rallied by up to 20 per cent on the BSE in Wednesday's intra-day trade after 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. Shares of S P Apparels zoomed 20 per cent to ₹876.10. Gokaldas Exports and Indo Count Industries have surged 9 per cent to ₹928 and ₹313, respectively. KPR Mill (₹1,101.95) and Welspun Living (₹130.50) soared 8 per cent in intra-day trade. Vardhman Textiles, Sportking India, Sangam India, Himatsingka Seide, Siyaram Silk Mills, Pearl Global Industries, Kitex Garments and Nitin Spinners were up in the range of 5 per cent to 8 per cent. In comparison, the BSE Sensex was up 0.15 per cent at 09:28 am. Benefit of India-UK free trade deal The trade deal, once implemented, may make import of whisky, gin, automobiles, medical devices, electrical machinery, cosmetics, soft drinks, chocolates, and lamb cheaper for India. It will also lead to a significant increase in the export competitiveness of Indian shipments to the UK for sectors like textiles, toys, leather, marine products, footwear, and gems & jewellery. Sensitive items like dairy products, apples, cheese, etc., have been excluded from any duty concession by India to protect its farmers. The potential implementation of Free Trade Agreements (FTAs) with key markets like the UK and EU presents exciting opportunities for increased textile trade. Additionally, government initiatives such as the Production Linked Incentive (PLI) scheme for the Man-Made Fibre (MMF) and technical textile ecosystem are expected to boost investments in the sector, Gokaldas Exports said in its FY24 annual report. Brokerage view – Elara Capital Global brands have been increasingly shifting their supply chains away from China and Bangladesh and this trend is likely to continue and benefit integrated Indian textile companies. Further, garment and home textiles exporters are expected to perform well as India continues to gain market share. Brokerage view – Mirae Asset Sharekhan In the long term, growth prospects of the Indian textiles industry are strong, aided by augmentation of capacity with value-added products, China +1 factor, the government entering into a trade agreement in various countries, incremental benefits from the PLI scheme, and market share gains in export markets. Brokerage view – JM Financial Institutional Securities The long-term prospects for the industry remain intact with a continuing shift of global sourcing away from China, supplier consolidation towards efficient/ well-capitalised players and supply-side instabilities in several countries. Further, government incentives and support from state governments for low-cost locations, PLI and FTAs with key markets should drive increased textiles trade.
Mint
07-05-2025
- Business
- Mint
SP Apparels, Welspun Living to Arvind: Why textile stocks surged up to 20% despite India-Pakistan tensions — Explained
Stock market today: While the Indian stock market traded in a narrow range on Wednesday, May 7, amid rising tensions between India and Pakistan, textile stocks were trading in the green. These stocks, which had been buzzing lately, once again caught investors' attention on Wednesday, May 7, as a fresh wave of optimism emerged from India and the United Kingdom officially signing a landmark Free Trade Agreement (FTA). This development lifted market sentiment, with hopes that the Indian textile sector could be one of the major beneficiaries of the pact. Amid this optimism, major textile companies saw their stocks soar in trade, with SP Apparels emerging as the top performer, hitting the 20% upper circuit limit at ₹ 874 apiece. Other textile stocks, such as Gokaldas Exports, Welspun Living, Vardhman Textiles, Nitin Spinners, Arvind, Himatsingka Seide, and Ambika Cotton Mills, surged up to 16% in early trade. The deal between the world's fifth- and sixth-largest economies has been concluded after three years of stop-start negotiations. It aims to increase bilateral trade by £25.5 billion ($34 billion) by 2040 through liberal market access and eased trade restrictions. The FTA holds enormous potential to enhance the competitiveness of the Indian textile industry in the UK market, where competing countries like Pakistan, Bangladesh, and Sri Lanka currently enjoy duty-free access under the UK's Generalized Scheme of Preferences (GSP). Such tariff concessions have not been available to India. Indian textile products such as women's apparel, shirts, trousers, and bed linens, which currently attract a 10–12% import duty in the UK, are expected to benefit under the new agreement. India is ranked among the top textile-exporting countries globally, with a share of approximately 4% of global textiles and apparel exports. The major export destinations for India in this segment are the United States (US), the European Union (EU), and the United Kingdom (UK), accounting for around 53% of total textile and apparel exports in FY 2023–24. Trade between the two nations totaled £42.6 billion in 2024, with India ranked as Britain's 11th-largest trading partner. The UK described the agreement as the 'biggest and most economically significant' bilateral trade deal it has signed since leaving the European Union in 2020. Apart from the UK, India has signed 14 Free Trade Agreements (FTAs), including those with the UAE, Australia, and TEPA with EFTA countries (Switzerland, Iceland, Norway, and Liechtenstein), as well as six Preferential Trade Agreements (PTAs) with various trading partners. The Indian government has been increasing its focus on the textile sector, offering incentives and reforms to strengthen domestic manufacturing. In the Union Budget 2025–2026, the Indian government announced a five-year mission aimed at enhancing the productivity and sustainability of cotton farming. This initiative aligns with the government's integrated 5F vision for the textile sector. Experts believe this strategy will boost farmers' incomes and ensure a steady supply of high-quality cotton, supporting India's traditional textile industry. (With inputs from Reuters, Financial Express) Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
