Arvind Ltd, a prominent textile company in India, witnessed a sharp 36% drop in its net profit, recording Rs 80 crore ($10 million) in the second quarter of the 2023-24 fiscal year, down from Rs 125 crore the previous year.
This decline was mirrored in the company's revenue, which fell by 11% to Rs 1,921 crore, compared to Rs 2,170 crore in the corresponding quarter of the previous fiscal year.
However, Arvind Ltd's textiles and advanced materials businesses showed promise, with improved margins of 11% and 16%, respectively. The textiles business contributed Rs 1,455 crore to the overall revenue, while the advanced materials business accounted for Rs 354 crore.
Arvind Ltd remains optimistic, citing the potential for improved domestic markets due to festival buying and positive macroeconomic indicators. They anticipate a slight uptick in both revenue and margins in the upcoming months.
All Stories
Navyasa By Liva, a contemporary saree and women's wear brand, is excited to introduce their AW’23 collection - The Garden of Eden. This much-anticipated collection is a vibrant blend of ethereal prints and chic designs tailored for today's woman. Navyasa By Liva's focus is on creating effortlessly elegant, lightweight pieces that empower women to be themselves.
Elli Avrram, the renowned actress and dancer, graced the collection launch at a recent fashion week as the showstopper. She donned a stunning red floral saree with foil decoration from the new collection, exuding comfort and style in the fluid crepe drape.
The Garden of Eden offers a diverse selection of outfits inspired by nature's beauty, featuring imagery of natural wonders. The colors and patterns on these garments are like a kaleidoscope.
From workwear to evening glam, the collection caters to every occasion. The sarees come in various modern, textured, artistic, traditional, embellished, and patterned options crafted from premium fluid Liva fabrics, perfect for those seeking comfort and style.
The collection also includes standout co-ord sets, including one-shoulder kaftans, jumpsuits, tunics, and embroidered kaftans, radiating elegance.
ManMohan Singh, Chief Marketing Officer of Birla Cellulose, Aditya Birla Group, expressed their commitment to fulfilling the aspirations of modern women with high-fashion, sustainable outfits.
The Garden of Eden collection showcases a harmonious range of sarees and apparel with diverse fibres, weaves, and motifs, ideal for the festive season. It features bold prints and wearable silhouettes that embody both fashion-forwardness and practicality, all crafted using sustainable Liva fabrics, reflecting a dedication to environmental preservation.
28 October 2023, Mumbai
The Madame Late Night Vibe Collection (AW '23) is the perfect way to celebrate the festive season in style. With its glittering styles, flattering silhouettes, and captivating color palette, this collection has something for everyone.
Whether you're attending an elegant festive party or a sparkling Diwali soirée, the Madame Late Night Vibe Collection has the perfect outfit to make you shine.
Celebrate life, fashion, and yourself this festival and wedding season.
27 October 2023, Mumbai
Fashion activewear retailer Beverly Hills Polo Club has expanded its presence in North India with the opening of its first store in Gujarat at VR Mall, Surat, making it the brand's 23rd store in India.
Established in 1982 in Southern California, the brand has evolved from an apparel line to encompass a wide range of products, including accessories, personal care, fragrances, sunglasses, footwear, and home décor.
Background
In 2009, Spencer's Retail introduced the brand to India, and later, Apparel Group India acquired the license to operate this American lifestyle brand in the country. With a global presence in 80 countries, the company plans to open 300 more stores in Asia over the next five years.
Beverly Hills Polo Club now has 23 outlets in India, located in various cities and states, including Kolkata, Mumbai, Bengaluru, Hyderabad, and more.
Apparel Group India, headquartered in Dubai, markets over 80 brands in India, including Aldo, Bath & Body Works, Tommy Hilfiger, and Victoria's Secret, alongside Beverly Hills Polo Club.
31 October 2023, Mumbai
Indian Terrain, India's leading men's fashion brand, has unveiled its highly anticipated Autumn Winter 2023 (AW'23) Collection, featuring a myriad of styles under 6 unique apparel lines. The collection seamlessly harmonizes effortless style with comfort, while prioritizing adaptability to cater to the dynamic and multifaceted requirements of modern lifestyles.
Key highlights of the collection include
New Age Jeans, ultra-soft corduroys, 4-way stretch chinos, heritage Indigos, sueded bombers, and 4-in-one jackets These innovative interpretations of classic materials offer a journey through the seasons, providing men with the perfect wardrobe for any occasion.
This collection is a testament to its steadfast commitment to quality and style, as we offer a meticulously curated selection of garments designed to elevate the modern man's wardrobe.
DNA
Its pursuit of excellence begins with an extensive design process rooted in the identification of global trends, which serves as the cornerstone for our seasonal concept.
These trends come to life in our designs, characterized by a captivating spectrum of colors, inventive silhouettes, top-tier fabrics, and unique patterns.
Indian Terrain is also committed to pioneering eco-friendly materials, incorporating smart textiles, and redefining fashion's role in shaping a more sustainable world.
The AW'23 collection is a reflection of this commitment, with several garments made from sustainable materials such as recycled polyester and organic cotton.
28 October 2023, Mumbai
Hailing from Mumbai, Mufti, a brand established in 1998, redefines casual menswear in India. The Autumn Winter 2023 collection, a beacon of bold elegance, has just been unveiled.
Range
This collection features contemporary prints, a refined color palette, modern silhouettes, and innovative fabric choices, merging tradition with a modern twist. It offers a diverse range, from statement shirts to winter wear like jackets and knitwear.
Printed shirts, t-shirts, and polos draw inspiration from Mumbai's unique flora and fauna, celebrating the city's vibrancy. Sweatshirts and sweaters, in rich shades of blue and mustard, are set to be wardrobe essentials.
Outlines
Mufti introduces stylish jackets in maroon and olive for winter warmth and style.
For the cold season, Mufti offers super-slim ankle-length jeans, providing comfort and fashion. These skinny, stretchable jeans suit the Indian climate, keeping you stylish and cozy.
Mufti's Autumn-Winter collection lets you effortlessly express your elegance every time you step out.
27 October 2023, Mumbai
Marks and Spencer (M&S), the renowned British department store chain, proudly announced the inauguration of their 100th store in India, situated on Linking Road, Santacruz West, Mumbai.
This marks a significant milestone in M&S's journey within India, a testament to their relentless pursuit of growth and the unwavering support from their valued customers.
Having entered India through a partnership with Reliance in 2008, M&S has expanded its reach across 100 markets worldwide, both through local partners and online channels.
About Brand
The company, headquartered in Paddington, London, has a rich history dating back to 1884 when Michael Marks and Thomas Spencer founded the first store in Leeds.
As of 2023, M&S boasts 1,064 stores across the UK and an additional 452 stores worldwide, as reported by Statista.
Furthermore, the company proudly employs around 66,000 people globally, with a significant representation of women in their workforce.
31 October 2023, Mumbai
Canada's La Vie En Rose, a specialty lingerie retailer, has opened its second Indian store at Phoenix Mall of Asia in Bengaluru.
The store caters to women aged 25-45, offering sleepwear, lingerie, and swimwear. La Vie En Rose entered the Indian market through a partnership with Apparel Group India in July 2023 and inaugurated its first store in Noida.
Nuanced picture
They prioritize omnichannel retail, allowing customers to shop through their website and platforms like Ajio, TataCLiQ, Myntra, and Nykaa Fashion.
Founded in 1985, the company now operates over 230 stores in 125 Canadian cities and over 400 stores in 20 countries worldwide.
28 October 2023, Mumbai
Bollywood icon Salman Khan's brand, Being Human, and Fairtrade India have joined forces to introduce 'Being Conscious,' a sustainable clothing collection.
This eco-friendly line features garments crafted from Fairtrade Certified cotton, sourced from farmers in Tamil Nadu and Gujarat.
Nuanced picture
Shirts are meticulously produced by the Anandhi Farmers Association, while chinos are manufactured by the Manavadar Organic Farmer's Association.
As Indian consumers increasingly prioritize sustainable fashion, brands are shifting towards more eco-friendly and ethical production methods.
About Brand
Being Human Clothing boasts a significant retail presence, with over 90 exclusive brand outlets and 400 multi-brand outlets across India. It also operates more than 200 shop-in-shops and an online presence on major multi-brand platforms.
Launched in 2012 with the mission of supporting 'Being Human - The Salman Khan Foundation,' the brand now sets its sights on international expansion, with plans to open stores in Bangladesh, Canada, and the Middle East in the near future.
27 October 2023, Mumbai
Indian fashion brand Monte Carlo has expanded its presence with a new store in Rajasthan, Jodhpur B-road.
Monte Carlo, originally founded in 1949 in Ludhiana, Punjab, began as a hosiery and textile enterprise.
About Brand
In 1984, it transitioned into a clothing brand, marking the beginning of its fashion journey. The brand now boasts over 200 exclusive outlets nationwide.
Notably, this latest store in Jodhpur joins the company's existing locations in the region, with two other outlets already serving customers in Sardarpur and M/s Jindalkesri 1ST B.
Monte Carlo's commitment to expanding its reach underscores its growing influence in the Indian fashion industry.
30 October 2023, Mumbai
A symphony of striking patterns, luxurious materials, and superb craftsmanship
Cover Story, the revolutionary brand in women's apparel, unveils a Western Collection this festive season that is sure to brighten your Diwali festivities.
With a blend of classic elegance and contemporary design, every item showcases Cover Story's dedication to reinventing current fashion.
Range
The collection features a range of outfits, from elegant slip dresses to smart pieces, all chosen to empower and encourage women to show off their best qualities during the festival of lights.
With its tasteful combination of vibrant hues and detailed decorations, this collection exudes happiness and enthusiasm as it captures the essence of Diwali.
Options suitable for both formal and informal gatherings
Super-exciting; Cover Story provides options suitable for both formal and informal gatherings, catering to a variety of tastes and events.
Whether you're attending a grand Diwali party or a cozy gathering with friends and family, you're sure to find the perfect outfit in this collection.
28 October 2023, Mumbai
Renowned fashion and lifestyle brand Spykar proudly presents its highly anticipated autumn-winter collection, featuring four unique fashion concepts.
This season celebrates modern aesthetics and individuality, blending utility, nostalgia, innovation, and timeless simplicity to cater to diverse tastes.
Highlights
The "Varsity" story pays homage to American college culture, combining preppy elements for a collection that evokes the charm of bygone days.
"Not That Basic" embraces monochromatic fashion, highlighting the elegance of black and white for a collection of timeless, versatile pieces.
The "Spykar Cargo Project" effortlessly merges utility and modularity, offering functional and easy-to-wear clothing ideal for urban adventures.
Fashion Forward; The "Future Forward" concept pushes fashion into the world of technology, with cutting-edge designs and high-tech fabrics, perfect for those staying at the forefront of style.
Spykar's AW 23/24 collection offers a wide range of clothing and accessories that seamlessly blend functionality and style, from casual wear to statement pieces.
27 October 2023, Mumbai
Reliance Brands Limited (RBL) has announced that it will bring 10 global luxury brands to India through Ajio Luxe, a sub-brand of Ajio that offers luxury products. The news was shared on social media on Thursday.
Ajio is an online retailer that belongs to Reliance Retail's digital commerce venture. It was founded in 2016 and is based in Bengaluru, Karnataka.
Nuanced platform
It sells a variety of products for women, men, and kids, such as clothes, shoes, accessories, and electronics. In 2020, it added global luxury brands to its portfolio through Ajio Luxe.
The addition of these 10 new brands to Ajio Luxe is a significant development for the Indian luxury fashion market. It will give Indian consumers even greater access to the world's top luxury brands, without having to travel abroad.