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RIL: CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH JUNE'22

26 July 2022, Mumbai:

RESULTS AT A GLANCE (1Q FY23 COMPARED WITH 1Q FY22).

CONSOLIDATED - RIL

STANDALONE - RIL.

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ROBUST OPERATING AND FINANCIAL PERFORMANCE ACROSS ALL BUSINESSES

RECORD QUARTERLY CONSOLIDATED EBITDA AT ₹ 40,179 CRORE ($ 5.1 BILLION), UP 45.8% Y-O-Y

CONSOLIDATED PROFIT AFTER TAX AT ₹ 19,443 CRORE ($ 2.5 BILLION), UP 40.8% Y-O-Y HIGHEST EVER QUARTERLY REVENUE FOR O2C BUSINESS IN A VOLATILE ENVIRONMENT

BEST EVER QUARTERLY REVENUE FOR RELIANCE RETAIL AT ₹ 58,554 CRORE ($ 7.4 BILLION), UP 51.9% Y-O-Y

BEST EVER QUARTERLY REVENUE FOR JIO PLATFORMS AT ₹ 27,527 CRORE ($ 3.5 BILLION), UP 23.6% Y-O-Y.

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RIL

10th Atexcon Conference: 17th August, Delhi

23 July 2022, Mumbai:

Organised By:

The Confederation of Indian Textile Industry: Citi India

Theme: Reimagining the Textile and Apparel Industry for the Next Decade
Date: 17th August 2022
Venue: Hotel Shangri-La Eros, Janpath, New Delhi
Chief Guest: Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles · Government of India.

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About Superplastic

HIGHLIGHTS


Reimagining & Rebuilding India's Textile & Apparel Industry.
Changing Trends in Asian Textile & Apparel Trade.
Digitization, Automation & Innovation in Textile & Apparel Industry.
India's Trade Agreements with Major Economies.
Scaling Up Cleaner Production with Sustainable Textile Solutions

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Lenzing x Red Points: Fight counterfeits & protect

20 July 2022, Mumbai:

Collaboration with Red Points addresses consumers’ increasing expectations of transparency and highlights Lenzing’s commitment to trademark protection

Protects the interest of Lenzing customers and partners who are making real efforts to enhance the transparency of their value chains

Builds upon Lenzing’s overall brand protection efforts that verify the authenticity of fibers up to the end products.

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Lenzing Group, a leading global producer of wood-based specialty fibers, has announced a partnership with Red Points, a global leader in online IP infringement detection and removal, to strengthen Lenzing’s existing brand protection efforts globally and enable round-the-clock brand monitoring services.

As Lenzing’s textile brands TENCEL™, LENZING™, ECOVERO™, as well as nonwovens brand VEOCEL™ continue to generate widespread demand from industry partners and customers worldwide, it is becoming increasingly important to protect the company’s trademarks and provide full visibility into the brands’ presence online.

Brand protection has always been a top priority at Lenzing".

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Apparel Textile Sourcing Canada: India Pavilion

16 July 2022, Mumbai:

Federation of Indian Chambers of Commerce and Industry (FICCI), with the support of the Ministry of Commerce & Industry, the Government of India is organizing INDIA PAVILION at the Apparel Textile Sourcing-Canada from 22-24 August 2022 at Toronto Congress Center, Toronto.

Apparel Textile Sourcing Canada is the only major international trade show in Canada that brings Canadian buyers and sourcing professionals’ access to suppliers from all over the world.

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 ATSC brings retailers, wholesalers, and online / e-commerce resellers to contract manufacturers in dozens of product categories, and it is a premier destination to meet international apparel, textile, home textile & decor, fashion and fabric manufacturers, and leaders.

Meet apparel & fabric buyers, sourcing directors, designers, merchandisers, retail chains, department stores, and more. ATSC is the only international sourcing event focused on the Canadian and North American Apparel, Textile, and Fashion sectors. Product Profile: Fashion Accessories, Men & Women Apparels, Garments, Children Apparels, Intimate wear, Denim, Home Textile & Decor, Bedding & Bath, Leather & Footwear, Apparel Fabrics & Yarn, Shawls, Scarves, Knits, Cotton, Garment Accessories and many more.

CREDITS: SRTEPC (The news article has not been edited by DFU Publications staff)

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Apparel Textile Sourcing Canada: India Pavilion

Archroma: Introduces Perapret® AIR

19 July 2022, Mumbai:

Archroma introduces Perapret® AIR, a groundbreaking air purification textile technology.

Archroma, a global leader in specialty chemicals towards sustainable solutions, launches Perapret® AIR liq, a new industry-leading, light-activated air purification technology for all kinds of fabrics.

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The new innovation was presented at the Techtextil exhibition on June 21, 2022, in Frankfurt, Germany. The innovation has been developed in line with the principles of “The Archroma Way to a Sustainable World: Safe, efficient, enhanced, it’s our nature”.

The mineral-based Perapret® AIR liq eliminates air pollutants and airborne smells by imitating the natural process of photocatalysis under normal day and artificial light sources.

The chemistry usually used in such applications is nano-sized TiO2 (dioxide titanium), which attack every organic matter, including the textile fiber, and not only pollutants.

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Archroma: Introduces Perapret® AIR

ITME Society Awards 2022: Call for Nomination

14 July 2022, Mumbai:

India International Textile Machinery Exhibitions Society (India ITME Society) is a non-profit apex industry body established in 1980 to support and serve the Textile Engineering Industry through exhibitions, Events, Trade Promotion Services.

India ITME Society plays a pivotal role in strengthening the domestic as well as international Textile Industry by facilitating the exchange of knowledge, and technology transfer & encourages Foreign Direct Investments & Joint Ventures, etc. in India.

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India ITME Society introduced the 1st edition to commemorate the successful completion of 40 years of servicing the textile & textile engineering industry in the year 2019.

The 2nd Edition of India ITME Society awards will be presented during India ITME 2022 – The biggest textile engineering & technology event in India scheduled to take place from 8th to 13th December 2022 at India Exposition Mart Ltd, Greater Noida, U.P.

These awards are a humble attempt by the India ITME society to recognize the exceptional & significant contributions that have influenced positive change in the textile world. The aim is to give due credit to textile engineering & technology providers. 

This award will also aid to recognize, encourage & empower women to come forward & make their mark in the highly competitive textile engineering & technology segment.

Society also believes that the young minds of todays are the future of our Textiles, thus in order to encourage & attract more youth towards research in textiles & textile engineering, the society will also recognize innovative researchers from Technical Institutes along with their faculty.

 

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ITME Society Awards 2022: Call for Nomination

ITME, 11th edition: Scheduled on 8–13th Dec

18 July 2022, Mumbai:

11th edition of India ITME to be held from 8th – 13th  December 2022 at India Exposition Mart Ltd (IEML), Greater Noida.

This event is being held in a well-designed Exhibition Venue in the National Capital Region and one of the largest in India, with lovely weather in December. It is an opportunity to combine business with travel, experience & explore Delhi and the capital region of India.

RELATED NEWS . India ITME Society Awards 2022: Call for Nomination 

ALSO READ  ITME 2022: Soul of Textiles

The only event in India which brings together 73 Countries & 97 domestic regions Pan India under one roof; of this 52% of visitor’s belong to top Management & decision-makers enabling them to close business deals decisively.  India ITME-2022 is going to be a very exciting business event for the Textile & Textile Engineering Industry after a long gap.

As an event organizer, India ITME Society is a globally trusted name for quality, and excellence and has successfully served the industry with commitment.  We hope and strive to provide a spectacular event that shall also coincide with the completion of 43 years of the Society.

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ITME, 11th edition: Scheduled on 8–13th Dec

ITALIAN TEXTILE MACHINERY: Digitalisation & Sustainability Key To Resiliency

14 July 2022, Mumbai:

The objective critical issues faced by Italy as a whole throughout the course of 2021, primarily dictated by a pandemic that upset any and all pre-existing equilibriums, have not slowed or halted the Italian textile machinery sector.

Indeed, data presented during the annual assembly of ACIMIT, the Association of Italian Textile Machinery Manufacturers, held on 1 July proved decidedly positive, showing that in 2021 the sector recovered significantly compared to 2020, to the point of returning to pre-Covid levels.

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Specifically, Italian textile machinery production amounted to 2.388 billion euros (+35% over 2020 and + 5% over 2019), with total exports amounting to 2.031 billion euros (+37% over 2020 and +9% over 2019).

However, these results do not cancel the obstacles that companies are still facing.

Looking to the near future, expectations are for a rather uncertain outlook, as underscored by ACIMIT President Alessandro Zucchi: “2022 remains a year replete with unknown factors, starting with the Russian-Ukrainian conflict, along with the persistence of the pandemic, which seriously risks delaying expected growth consolidation for businesses in the sector.

Difficulties in finding raw materials and components negatively affect the completion and fulfillment of orders processed as far back as 2021.

To boot, rising energy costs and inflationary trends affecting numerous commodities are depressing overall business confidence. So the outlook for the sector is not so good.”.

 

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ITALIAN TEXTILE MACHINERY: Digitalisation & Sustainability Key To Resiliency

Texworld NYC, Apparel Sourcing NYC & Home Textiles Sourcing: DAY 3 RECAP

22 July 2022, Mumbai:

The final day of Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing opened with Exhibitor Highlights by Vishal Enterprises Inc., Inspectorio Inc., and V. Mora.

Visitors were given an introduction to the companies' business models and backgrounds and then invited to a more in-depth review of their products at their booth locations on the show floor.

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This edition featured a new opportunity for footwear component sourcing in partnership with Material Exchange and Footwear Distributors & Retailers Association. Material Exchange gave visitors a demonstration on how to build and digitize your materials libraries in a Global Footwear Sourcing Talk.

Conversations at today's Lenzing Seminar Series featured the societal shift towards environmental concerns, especially of the younger generations, who are the largest market for sustainable and ethical home design and solutions.

The Summer 2022 Edition closed out the show with thousands of in-person attendees. Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing also had a record number of country pavilions present, adding further value to attendees visiting the event.

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Kingpins New York: Indigo Museum Initiative

18 July 2022, Mumbai:

Only one week to go until the Kingpins New York show! Will you be joining us on July 20-21?

One of its many initiatives next week, Kingpins Indigo Museum, will be live at the show with two workshops on both days.

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Naveena Denim NDL x MUUR NYC have teamed up to create tote bag kits using NDL’s Dyneema Denim and Tencel™ fabric by Lenzing with MUUR’s leather and batik fabrics.

Cone Mills x MN Dye Studio are leading a workshop where participants will learn to paint with lemon and iron on Cone Denim tote bags.

Advance Denim and Marvin Ruby have created DIY kits that pair Advance Denim’s indigo, natural and botanic dyed denims with quilting patterns from Marvin Ruby to create an actual quilt or use to patch your own denim.

CREDITS: Kingpins (The news article has not been edited by DFU Publications staff)

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Kingpins New York: Indigo Museum Initiative

Raymond: Atul Singh appointed Exec V. Chairman

14 July 2022, Mumbai:

Raymond group on Wednesday appointed a super-performer Atul Singh, a hi-profile former head of Coca-Cola India, as the Executive Vice Chairman.

Cava follows sustainable practices at all stages of the business from sourcing materials and fabrics to ethical labor regulations and spreading the message of mindful consumption and elongated product lifecycles.

Cava’s trendy apparel is made with premium, sustainable fabrics integrated with international design trends and comfortable silhouettes.

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For FY22, the 98-year-old company reported consolidated revenue from operations of Rs 6,179 crore and an EBITDA of Rs881 crore.

The group has created way-forward strategies for its business verticals — the flagship Raymond Lifestyle (suiting, shirtings, fabrics, apparel, garments exports, and garments); Raymond Realty, JK Files & Engineering (which includes the steel files, tools, hardware, and auto components businesses) and education.

The Gautam Singhania-led company manages price fluctuation risks through a combination of forward and spot bookings, inventory management, pre-emptive vendor development practices, and price hikes are undertaken.

To become debt-free by 2025, apparel brand Raymond has undertaken several cost reduction and resource mobilization initiatives.

 

CREDITS: ET

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Raymond: Atul Singh appointed Exec V. Chairman

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