31 January 2023, Mumbai

Vedant Fashions’ total income was Rs 451.408 crores during the period ended December 31, 2022, as compared to Rs 256.637 crores during the period ended September 30, 2022. Net profit / loss was Rs 150.351 crores for the period ended December 31, 2022, as against net profit / loss of Rs 69.02 crores for the period ended September 30, 2022. EPS was Rs 6.19 for the period ended December 31, 2022, as compared to Rs 2.84 for the period ended September 30, 2022.

Total income was Rs 451.408 crores during the period ended December 31, 2022, as compared to Rs 396.122 crores during the period ended December 31, 2021. Net profit / loss was Rs150.351 crores for the period ended December 31, 2022, as against net profit / loss of Rs127.803 crores for the period ended December 31, 2021.EPS was Rs6.19 for the period ended December 31, 2022, as compared to Rs5.23 for the period ended December 31, 2021.Total income wasRs1040.110 crores during the nine month period ended December 31, 2022, as compared to Rs783.412 crores during the ninemonth period ended December 31, 2021. Net profit / loss was Rs320.242 crores for the ninemonth period ended December 31, 2022, as against net profit / loss of Rs226.210 crores for the ninemonth period ended December 31, 2021.EPS was Rs13.19 for the nine month period ended December 31, 2022, as compared to Rs9.25 for the nine month period ended December 31, 2021.

Latest Textile Events

Go Fashion’s total income was Rs 179.4283 crores during the period ended December 31, 2022, as compared to Rs 168.6938 crores during the period ended September 30, 2022. Net profit / loss was Rs 24.3138 crores for the period ended December 31, 2022, as against net profit / loss of Rs 19.27 crores for the period ended September 30, 2022. EPS was Rs 4.50 for the period ended December 31, 2022, as compared to Rs 3.57 for the period ended September 30, 2022.

Total income was Rs 179.4283 crores during the period ended December 31, 2022, as compared to Rs 145.2204 crores during the period ended December 31, 2021. Net profit / loss was Rs 24.3138 crores for the period ended December 31, 2022, as against net profit / loss of Rs 23.6917 crores for the period ended December 31, 2021. EPS was Rs 4.50 for the period ended December 31, 2022, as compared to Rs4.48 for the period ended December 31, 2021.

Total income was Rs 516.9956 crores during the ninemonth period ended December 31, 2022, as compared to Rs 302.6590 crores during the ninemonth period ended December 31, 2021. Net profit / loss wasRs 68.0223 crores for the ninemonth period ended December 31, 2022, as against net profit / loss of Rs 23.30 crores for the nine month period ended December 31, 2021. EPS was Rs 12.59 for the nine month period ended December 31, 2022, as compared to Rs 4.44 for the nine month period ended December 31, 2021.

 02 February 2023, Mumbai

TRYB innerwear is made of smooth and lightweight fabrics making every move and stretch absolutely comfortable.

Made with nylon spandex and poly spandex, the innerwear garment for men is super breathable and dries five times faster than does cotton. The Drytek and 36TX weave have wicking properties which ensure every stretch is unhindered. TRYB innerwear is distinguished by the use of superior and appropriate fabrics (nylon spandex and Kooltex polyester spandex), contemporary designs (soft waistband), distinctive cuts, texture, and vibrant colours.

TRYB targets men 18 to 45 years and has Activ, Pro and New York range. Activ is designed for everyday athletes. The Pro collection is for men who are more inclined toward sports/fitness. New York has compression boxers and boxer briefs, designed to promote the maximum durability and comfort.

TRYB, based in Chennai, an athletic innerwear brand for men, was engineered for individuals and sportsmen who pursue a dynamic and active lifestyle. Born from a love for sports and a dream to create distinctive products in the garment industry, TRYB positions itself as a lifestyle brand that is community-oriented, edgy and contemporary. TRYB is for the man of today who practices sports, pursues fitness and leads a physically active lifestyle. TRYB is an aspirational and community- oriented brand that combines both fashion and function.

Latest Textile Events

31 January 2023, Mumbai

Siyaram Silk Mills’ total income was Rs 515.34 crores during the period ended December 31, 2022, as compared to Rs 645.08 crores during the period ended September 30, 2022. Net profit / loss was Rs 51.87 crores for the period ended December 31, 2022, as against net profit / loss of Rs 80.13 crores for the period ended September 30, 2022.EPS was Rs 11.07 for the period ended December 31, 2022, as compared to Rs 17.10 for the period ended September 30, 2022.

Total income was Rs 515.34 crores during the period ended December 31, 2022, as compared to Rs 571.84 crores during the period ended December 31, 2021. Net profit / loss was Rs 51.87 crores for the period ended December 31, 2022, as against net profit / loss of Rs 68.55 crores for the period ended December 31, 2021. EPS was Rs 11.07 for the period ended December 31, 2022, as compared to Rs 14.64 for the period ended December 31, 2021.Total income was Rs 1567 crores during the nine month period ended December 31, 2022, as compared to Rs 1299.44 crores during the nine month period ended December 31, 2021. Net profit / loss was Rs 162.85 crores for the nine month period ended December 31, 2022, as against net profit / loss of Rs 134.06 crores for the nine month period ended December 31, 2021. EPS was Rs 34.75 for the nine month period ended December 31, 2022, as compared to Rs 28.60 for the nine month period ended December 31, 2021.

Latest Textile Events

Akshay Kumar has launched an athleisure brand called Force IX. This is something he had wanted to do for the last seven years. The number nine is the actor’s lucky number and is also his birthdate.

The collection consists of durable, economical and functional fashion staples inspired by the popular actor’s iconic sense of style. The unisex brand offers T-shirts, shirts, sweatshirts, hoodies, jackets, polo T-shirts, denim, chinos, joggers, shorts and nightwear. Accessories like caps, belts, travel accessories, shoes and watches will come in the coming months.

The actor is very much involved in the entire process, right from ensuring all the products are of the highest quality, to each and everydetailing being perfect. There is a lot of attention to detail in the collection, right from the logo to the buttons, and the stitching. The target audience ranges from the sporty teenager to the dapperman.

Force IX is on Myntra, which has a proven track record of accelerating the growth of celebrity-led brands. A lot of Bollywood actors are venturing into the fashion segment. Myntra has onboarded 25 international fashion labels and 50 foreign beauty brands in the past 12 months. Nearly 40 per cent of the demand for international fashion labels is driven by shoppers in Tier II cities and beyond.

Salman Khan’s clothing brand Being Human is now available on Bangladesh’s online marketplace Daraz. Being Human also has an outlet in Bangladesh which was opened in September 2022.

The brand offers men’s chinos, men’s jackets, men’s T-shirts, men’s jeans, men’s shorts, men’s sweatshirts, women’s T-shirts, women’s jeans and women’s leggings.

Founded to further the objective of Being Human – The Salman Khan Foundation, a charitable trust devoted to education and healthcare initiatives for the underserved Indian population, Being Human clothing stands for loving, caring and sharing. Royalties from the clothing line help support education and healthcare initiatives of the foundation.

The brand has also always been about inclusivity and integrity. In 2012, a full-fledged clothing line for Being Human was launched. What brings out the DNA in the clothing range is the detailed visual evoking the charitable aspect of the brand. The results are collection that are stylish yet reach out to the people to help spread these values. Every garment helps shape a life through education or helps save a life through healthcare initiatives.

Being Human clothing majorly targets youth across all markets and demographics who would like to look good and do good at the same time.

30 January 2023, Mumbai

Avantra by Trends has opened a store at Tezpur in Assam. This is the chain’s first store in the northeast and its 25th store in India.

Avantra by Trends is present in nine states including Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, Orrisa, West Bengal, Assam, and Uttar Pradesh. Chennai has two Avantra stores and the third will open shortly.

Avantra by Trends continues to expand its retail presence across Karnataka and recently opened its fourth store in Bangalore and two other stores in Mangalore and Shimoga.

Avantra by Trends was launched by Reliance Retail in September 2021 as an exclusive sari and women’s ethnic wear concept store. Since then the brand has forayed into jewellery, accessories, and tailoring services and has also collaborated with regional weaver clusters and third-party brands, including Nalli Silks and Pothys.

Avantra by Trends is positioned as a pan-India brand that is present in the metros, Tier l, ll, and lll markets. It is home to India's finest ethnic wear and is a culmination of tradition, craftsmanship and fashion.

Founded in 2006, Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. It retails food, groceries, jewellery, apparel, footwear, toys, home improvement products, electronic goods, and farm implements under various sub-brands.

Latest Textile Events

24 January 2023, Mumbai

Trent has entered into an equal joint venture with MAS to set up an entity in India for jointly developing a business of intimate wear and other apparel-related products.

Over time, Trent and MAS would pool their domain expertise to undertake design, development and manufacturing of a range of intimate wear and other apparel products.

Initially, the joint venture would facilitate design and sourcing of related products.This collaboration between Trent and MAS would deepen Trent’s strategic commitment to offer fully owned brands at its retail stores and enable MAS to expand its international presence further.

Trent sees significant opportunities to leverage the growing reach of its brands to build a differentiated proposition in lingerie, active wear and related categories and MAS happens to bring impeccable capabilities and track record in the manufacture of high quality products in this space.

This joint venture is expected to help leverage their combined capabilities, connecting MAS’ expertise in product creation and manufacturing with Tata Trent’s expertise in Indian retail. This partnership further aligns with MAS' long-term intent to scale business and expand its presence in India.

MAS Holdings, the largest apparel tech company in South Asia, has expanded exponentially into wearable technology, Fem Tech, start-ups, logistics and fabric parks worldwide.

Latest Textile Events

24 January 2023, Mumbai

Retailers and mall developers saw 15 per cent to 20 per cent growth in end of season sales this year. The end of season sales started at the end of December 2022 and will continue till the first week of February 2023.

Footfalls at both malls and retail outlets went up.The late arrival of winter did damp sales in December 2022 but January 2023 helped push up sales. The sale season started slightly late in December than the previous end of season sale because the onset of winter was delayed by a few weeks.

Lifestyle saw demand pick up in January and is now seeing strong double-digit growth. Cantabil also saw a double-digit increase in sales and footfalls against last year. Sales went up by 17 per cent and footfalls by14 per cent. But in terms of inventories, they were slightly higher by around 15 per cent during early end of season sales days than regular days. Lacoste’s sales went up in double digits over pre-pandemic days.

Infiniti Mall’s sales are picking up in comparison to pre-Covid days. Various brands across categories at Infiniti are offering up to 50 per cent discount for over three weeks.

Latest Textile Events