Textile Market News

Trident Group reported a 27 per cent drop in third-quarter profit, with yarn sales contributing significantly to the decline as inflation continues to suppress demand for textiles.

Spinnova, a Finnish company pioneering sustainable textile fiber production, has joined the International Textile Manufacturers Federation (ITMF). Spinnova's innovative technology produces fibers from wood pulp or waste materials without harmful chemicals, offering a more eco-friendly alternative to traditional textile manufacturing.

Shein, a global online fashion and lifestyle retailer, has achieved a significant milestone in its sustainability journey by developing an advanced polyester recycling process in partnership with Donghua University, a leading institution in textile research and innovation.

The Cotton Corporation of India (CCI) is set to purchase significant volumes of cotton this year due a dip in market prices below the Minimum Support Price (MSP).

The Federation of Gujarat Weavers Welfare Association (FOGWA) has urged Union Textile Minister Giriraj Singh to delay implementing Bureau of Indian Standards (BIS) on textile machinery until March 2027.

China boasts of the largest sheep flock and wool clip worldwide, with sheep concentrated in provinces bordering Mongolia. Since 2018, China's sheep flock has grown 20 per cent to 193 million in 2023, while goat numbers fell 4 per cent to 129 million.

Vardhman Textiles reported a consolidated net profit of Rs 210.61 crore for Q3 FY25, a 31.44 per cent year-on-year (YoY) increase. Revenue from operations grew 5.83 per cent YoY to Rs 2,465.30 crore, with robust performance in the textiles and acrylic fibre segments.

The Northern India Textile Mills Association (NITMA) has raised serious concerns about the growing issue of under-invoiced imports of synthetic knitted fabrics, which are harming the domestic textile industry.

The global cotton industry is expected to face a challenging 2025, with production outpacing demand and limited global economic growth.

The Cotton Corporation of India (CCI) has significantly increased cotton procurement in Madhya Pradesh, reaching 12 lakh quintals, double the previous year's amount.

Padam Cotton Yarns reported a significant 121.74 per cent increase in net profit for the quarter ending December 2024, which rose to Rs 5.10 crore compared to Rs 2.30 crore in the same quarter last year.

At Heimtextil 2025 in Frankfurt, Germany, Reliance Industries launched its sustainable polyester technology, Recron, to a resounding global response.

Former Kannada actor Sammir Dattani, has joined Sanathan Textiles, a Mumbai-based yarn manufacturer that made a successful stock market debut in December.

The spinning mills in Andhra Pradesh are facing a severe financial crisis due to growing production costs.