After a stellar entry into the home bedding segment with the launch of Hill & Glade earlier this year, Birla Century’s home division has announced the launch of Virasat – a collection that aims to celebrate textiles and crafts of India. Inspired by the artistic culture and rich legacy of Indian textiles, Birla Century, […]
Welspun India Ltd. (WIL), a global leader in Home Textiles and part of the US$ 2.7 billion Welspun Group, announced FY22 results. Total revenue stood at ₹ 93,773 mn in FY22, up by 26.6% YoY. Textile business revenue at ₹ 87,911 mn reported sharp increase in FY22 on account of higher sales volume of Terry […]
Indo Count Industries Limited, a leading manufacturer and exporter of Home Textiles has today entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified […]
Demand momentum is expected to sustain during Q2-Q4 FY2022, continuing on the trend of past three quarters Export demand has been mainly driven by the US, the largest market, accounting for ~60% share in India’s home textile exports Despite economies opening up, increased prevalence of stay-at-home options is supporting demand; institutional demand also likely to […]