Home / Knowledge / News / Apparel/Garments / Indian apparel companies to fare better than textile firms
Indian apparel companies to fare better than textile firms
Nov '11
Apparel companies in India, engaged in the business of manufacturing garments and branding, are likely to perform better this fiscal compared to firms involved in the production of pure textile items like yarns and fabrics.

For example, S Kumars Nationwide Limited, which has brands like Belmonte, Reid & Taylor, etc., has posted a growth of 55 percent year-on-year during second quarter of current fiscal. On the other hand, Vardhman Textiles, which is a pure textile manufacturing company, has reported a year-on-year decline of 69 percent in its net profit during July-September period.

In fact, various marketing strategies like giving discounts and extending the period of end of season sale have worked in the favour of apparel companies.

For textile firms, however, the expectation of a further fall in prices of cotton is making the business atmosphere difficult. Cotton prices are expected to fall due to the projected bumper harvest of 35.6 million bales this year, as against the production of 32.5 million bales last season.

Moreover, apparel companies have not yet exhausted their existing stock of raw material bought at higher prices. This is also affecting the performance of pure textile firms.

Hence, apparel companies are likely to continue to perform better than textile companies in the coming months.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search