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Corporates

Trident Approves Rs 4,650-Crore Expansion Across Yarn, Sheeting And Energy

Textile Insights
Trident Ltd has approved a Rs 4,650-crore capacity expansion and modernisation programme across its yarn, sheeting, paper and renewable energy businesses. The investments, cleared by the board on November 2, 2026, will be funded through internal accruals and debt. Yarn manufacturing accounts
Financial Results

Monte Carlo Q2 Revenue Rises 5.5%, Profit Falls On Cost Pressures

Textile Insights
Monte Carlo Fashions Ltd reported a 5.5% year-on-year increase in consolidated revenue to Rs 262.40 crore for the second quarter of FY27, while net profit declined 92.8% to Rs 1.17 crore as higher costs weighed on profitability. Operating EBITDA fell 31.7% to Rs 28.35 crore, with its margin contracting to 10.8% from 16.7% a year […]
Corporates

Ester Industries Returns To Profit As Q2 Income Rises 25.7%

Textile Insights
Ester Industries Ltd reported a consolidated net profit of ₹7.8 crore for the second quarter ended September 30, 2026, against a loss of ₹15.8 crore a year earlier, supported by higher polyester film volumes, improved realisations and a stronger contribution from value-added products. Consolidated total income rose 25.7% year-on-year to ₹449 crore, while EBITDA, including
Financial Results

Trident Q2 Net Profit Rises 93%; Board Approves Rs 4,650 Crore Expansion

Textile Insights
Trident Limited reported a 93.1% year-on-year increase in consolidated net profit to Rs 176 crore for the second quarter ended September 30, 2026, supported by improved operational performance and cost optimisation. Consolidated total income stood at Rs 1,737 crore, down 3.7% from Rs 1,803 crore in the corresponding quarter last year. EBITDA rose 45.3% to […]
Corporates

Georg Stausberg Takes Over As CEO Of The Rieter Group With Immediate Effect

Textile Insights
The Board of Directors of Rieter Ltd. received additional demands from designated CEO Daniel Lippuner regarding his compensation package, particularly his bonus. Due to irreconcilable differences, Lippuner will not assume the position. Georg Stausberg, CEO of Barmag, will assume the position of CEO of the Rieter Group with effect from November 4, 2026. Stausberg has […]
Financial Results

RSWM Q2 Profit Nearly Quadruples As Revenue Rises 15%

Textile Insights
RSWM Ltd reported a strong improvement in profitability for the quarter ended September 30, 2026, supported by operational efficiencies, a favourable product mix and disciplined cost management. Revenue rose 15% year-on-year toRs 1,322.3 crore in Q2 FY27, while total income increased 14.9% toRs 1,331.8 crore. EBITDA grew 47.1% toRs 115.9 crore, with the EBITDA margin […]
Cotton

India Extends Cotton Import Duty Exemption Till December 31

Textile Insights
The government has extended the customs duty exemption on cotton imports until December 31, 2026, providing two additional months of relief to the textile and apparel industry. The exemption was previously scheduled to expire on October 31. The Ministry of Finance issued a notification on October 30, amending the earlier notification dated May 30, 2026. […]
Event

Picanol To Premiere AirOne Airjet Weaving Machine At ITMA ASIA

Textile Insights
Picanol will unveil its new AirOne airjet weaving machine at ITMA ASIA + CITME 2026, scheduled for November 20–24 in Shanghai. The launch extends the company’s airjet portfolio into the basic woven fabrics segment, complementing its established OmniPlus-i Connect range. Developed through market research, R&D and field testing, AirOne features a new crank shedding
Financial Results

Sportking Q2 Profit Jumps 240.9%; Odisha Expansion On Track

Textile Insights
Sportking India reported a 240.9% year-on-year increase in net profit to Rs 96.4 crore for the second quarter ended September 30, 2026, supported by improved realisations, favourable spreads and operational efficiency. Revenue from operations rose 24.5% to Rs 781.1 crore. EBITDA increased 136.8% to Rs 154.9 crore, while the EBITDA margin expanded by 940 basis […]

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