The UK-India FTA is set to boost textile and apparel trade by removing tariffs, enhancing competitiveness for Indian exporters, and lowering costs for UK retailers.
Large firms and SMEs alike can benefit through strategic partnerships, compliance, and innovation.
The deal fosters complementary strengths, driving sustainable, long-term trade growth.

De Beers Group is set to close its Lightbox lab-grown diamond jewelry brand, reaffirming its dedication to natural diamonds. This decision comes as lab-grown diamond prices have plummeted, highlighting the distinct value difference between natural and synthetic stones.

Garment exporters in Tiruppur are poised to benefit from U.S. tariffs on competitors like Bangladesh and China, attracting interest from Walmart and Costco. However, a significant skilled labour shortage, limited economies of scale, and higher costs are hindering India’s ability to fully capitalise on this opportunity.

Ajoy Chawla is set to become Titan’s new managing director on January 1st, succeeding CK Venkataraman, who retires under Tata Group guidelines. Chawla, previously CEO of the jewellery division, significantly boosted sales and profits. His appointment awaits shareholder approval, while the selection of his successor for the jewellery division will follow. Titan reported a revenue increase of 22% for 2024-25.

Kalyan Jewellers reported a robust 36.44% surge in net profit, reaching Rs 187.60 crore for the quarter ended March 2025, alongside a 36.60% rise in revenue to Rs 6,181.53 crore. The company’s annual consolidated PAT for FY25 stood at Rs 714 crore, with revenue growing by 35% to Rs 25,045 crore.

Indian textile leaders see the India–UK FTA as a game-changer, potentially quadrupling exports to $5 billion.
Zero-duty access will make Indian products, especially technical fabrics, denim and casualwear, more competitive in the UK.
Industry voices highlight improved margins, compliance readiness, and enhanced market share.
The FTA is said to pave the way for broader global trade expansion.

Kontoor Brands is expecting a revenue between $3.06–$3.09 billion in FY25, up 17–19 per cent YoY, with Helly Hansen contributing 16 per cent of the growth.
Adjusted EPS is projected at $5.40–$5.50, and gross margin to rise to 45.9–46.1 per cent.
Q1 2025 revenue was $623 million, down 1 per cent, with strong DTC and Wrangler brand performance offsetting Lee’s decline.

Stelatoes, one of India’s leading family footwear brands, is excited to announce the opening of its latest store in Faridabad, Haryana. After receiving tremendous love and support from customers in Delhi NCR, Dehradun, Lucknow, Kanpur, Indore, Kurla, Chandigarh, Amritsar, Patiala, Pathankot Ludhiana, Bathinda, and Rudrapur.

Puma’s first-quarter sales remained flat at 2.076 billion euros, slightly exceeding analysts’ expectations, but profit margins declined. Weak wholesale sales in the U.S. and China contributed to the downturn. The company maintains its 2025 outlook for low-to-mid-single-digit sales growth, excluding potential impacts from U.S. tariffs, while awaiting new CEO Arthur Hoeld to take charge and implement turnaround strategies.

Timex Group India Ltd (TGIL) is aggressively expanding its digital presence, including quick commerce, after a robust FY25 performance. The company reported a 46% surge in Q4 total income, reaching Rs 136.1 crore, and a 28% increase in FY25, hitting Rs 540 crore. “We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,” said Deepak Chhabra, managing director of the company.