One of the biggest vertically integrated textile mill groups in India, Alok Industries said it is planning to raise Rs 2,000 crore by selling land and in the process pare debt. Alok is also hoping to double exports in the next three ...
Tags: Pare Debt, Alok Industries, Textile
India’s Amul dairy brand maker Gujarat Cooperative Milk Marketing Federation (GCMMF) is set to invest in two other Indian states such as West Bengal and Punjab. GCMMF is expected to invest INR200 crore to set up a unit in West ...
Tags: Gujarat Cooperative Milk Marketing Federation, Amul dairy brand
Kishore Biyani led Future Lifestyle and Fashions Ltd (FLFL) reported a 26.68 per cent year on year hike in second fiscal quarter ending September 30, 2014, net revenues. In a filing to the BSE, FLFL said its net sales stood at Rs 874.12 ...
Tags: private equity fund, net profit, Apparel
In CMAI’s Apparel Index for the July to September 2014 quarter, ‘Big Brands’ scored an impressive growth of 9.98 points, while ‘Small Brands’ reached a meagre 4.24 points. “In fact, Small Brands low ...
Tags: Big Brands, CMAI's Apparel Index, Apparel
Rice producer Best Foods is planning to invest INR750m ($12.2m) in expanding its retail presence to cater to the increasing consumer demand for grains. The move is said to form a part of the company's strategy to generate around INR50bn ...
Tags: Rice producer, grains, Agriculture
For the second fiscal quarter ending September 30, 2014, net profit shot up 60%, while sales climbed 17%, both growths coming from a year ago periods, at Shoppers Stop Ltd (SSL). SSL reported a gross retail turnover of Rs. 942.76 crore ...
Despite a 16.26 percent revenue hike in the second quarter of fiscal 2014-15, impacted by higher depreciation and amortisation costs, net profit at Vardhman Textiles Ltd sank 48.4 percent, year-on-year. The vertically integrated Indian ...
Tags: cotton prices, yarn prices, Textile
Revenue and EBITDA surged 17 and 52 per cent, respectively from a year ago quarter at the fashion and lifestyle business of Kumaramangalam Birla led, Aditya Nuvo, in the second fiscal quarter ended September, 30, 2014. Led by revenue ...
Tags: Pantaloons, Jaya Shree Textiles, Apparel
A new polypropylene plant will come up at IndianOil’s Paradip Refinery Project complex at Paradip in India’s eastern coastal state of Odisha. Foundation for the Rs 3150 crore polypropylene plant was laid by Minister of State ...
Tags: polypropylene plant, catalyst, Textile
Bangladesh based, Far East Industries Ltd will set up the country’s first compact yarn manufacturing facility. “The plant to be set up in Habiganj will be operational in 18 months at an approximate investment of Tk 150 ...
Net profit for the second fiscal quarter ending September 30, 2014, slipped 30.2% year-on-year at value-added yarns and home textile producer - Sutlej Textiles and Industries Ltd (STIL). In the second quarter of fiscal 2014-15, profit ...
Tags: Sutlej Textiles and Industries Ltd, topline performance, Textile
In its unaudited standalone financial results for the second fiscal quarter ending September 30, 2014, Indian textile major, Arvind Ltd reported a 4.13 percent year-on-year rise in net profits. Arvind, an integrated textiles producer, ...
Tags: Indian textile major, net profits, Textile
Supported by the commissioning of two lines, the VSF business at Grasim Industries, achieved record sales volume of 100,927 tons, up 8% from a year ago quarter in the second fiscal quarter ending September 2014. “Concerted market ...
Having established its position in value-for-money apparel segment, Snapdeal.com will now offer premium designer wear, to its consumers through the launch of its ‘The Designer Studio’. Snapdeal has launched this new initiative ...
Tags: Designerwear, Apparel
The Indian paint industry is likely to surge from the current level of about Rs. 40,600 crore to about Rs. 62,000 crore by 2016 witnessing double-digit compound annual growth rate (CAGR) of about 20 percent, according to The Associated ...
Tags: Paint Market, paint industry