For the reported period, the company was in joint venture with tier-1 auto supplier for seating and interior fabrics. It co-branded co-branded personal protective equipment line with a global construction machinery major. It was in a licensing agreement with a European composite player for technology transfer.
The power brands namely Arrow, US Polo Association, Flying Machine and Tommy Hilfiger grew by strong by 16 per cent (20 per cent adjusted for GST). Their value retail offering also grew by 20 per cent, Arvind Ltd said in a press release.
In the other major segment, i.e. Textiles, the company witnessed an increase in the garment volume by 20 per cent following the verticalisation strategy. The green expansion is underway across 3 states.
The company is looking to demerge its Branded Apparel and Engineering businesses into separate companies. This process is progressing as planned and final approvals are expected early in the second quarter.
In fiscal 2019, the Branded Apparel segment is likely to continue its industry leading over 20 per cent growth momentum and steady margin expansion is expected. Backed by garment expansion and new products, the textiles segment is likely to grow by 10 per cent with improving margins. (RR)
Fibre2Fashion News Desk – India
| On 15th Jun 2021
Prime Ministers Scott Morrison and Boris Johnson have agreed in...
The German parliament passed a law last week that warrants large and...
| On 15th Jun 2021
Revenue, profits, output, online retail sales and exports of major...
Donating 20,000 N95 masks to hospitals & NGOs
Increased need for online fitting solutions as retailers shift to...
Always best to produce under our own supervision
Shambhu Nath Jha
Leading research and consulting firm Fact.MR recently launched a report on ...
A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...
In the financial hub of eastern India, Kolkata, a humble production...
Dr Anup Rakshit
The Indian Technical Textile Association (ITTA) is the only association of ...
Thomas Ong P S
Malaysian company NanoTextile Sdn Bhd taps into the potentials of...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.