Gold prices face downward pressure, falling from recent peaks. Analysts cite cooled rate cut expectations and easing trade war fears. A key support level is being tested. Some experts suggest potential buying opportunities at lower levels. Long-term fundamentals are considered intact. Investors should watch global economic developments.

Arvind Fashions Ltd reported a strong Q4 and FY25, with net profit rising 8% and 71% respectively, driven by higher full-price sales and efficient operations. Revenue also saw healthy growth, supported by like-to-like sales and online performance. The company’s ROCE crossed 20%, and the board recommended a dividend, signaling continued financial strength and strategic execution.

Sri Lanka’s garment exports rose by 12 per cent year-on-year to $1,283.5 million in January–March 2025, supported by moderate growth in textile exports.
Combined textile and garment exports contributed over half of the country’s industrial exports.
Imports of textiles and clothing also surged during the period.
In 2024, garment exports grew by 4.9 per cent to $4,660.1 million.

Twelve years after Rana Plaza, Bangladesh’s garment industry has transformed into a global leader in ethical, sustainable manufacturing.
A new CMPI report highlights progress in safety, labour rights, and green innovation, with 240 LEED-certified factories.
It urges global stakeholders to recognise Bangladesh not as a cautionary tale, but as a model for resilient, responsible apparel production.

Puma has named Dominique Gathier as VP of its Teamsport unit.
A 19-year Puma veteran, he replaces Matthias Bäumer and will report to chief product officer Maria Valdes. Gathier previously led product lines for FUTURE, ULTRA, and KING football boots.
He will now oversee product strategy and partnerships across football and other key sports.

Kolkata consumers are set to rejoice as gold prices have significantly dropped by approximately Rs 9,000 per 10 grams, just before the wedding season. This considerable price correction, the most notable in recent times, is set to offer substantial relief to buyers.

PDS Limited has reported strong growth in FY25, with revenue reaching ₹12,578 crore (~$1.51 billion) and GMV rising 25 per cent YoY to ₹18,744 crore (~$2.24 billion).
PAT grew 19 per cent to ₹241 crore.
Q4 FY25 saw robust quarterly gains across key metrics.
Backed by BCG, PDS launched cost optimisation efforts and sees the UK-India FTA and US tariff changes as growth enablers for its global operations.

Richemont, owner of Cartier, saw a 7% rise in quarterly sales, exceeding expectations, driven by strong jewellery sales in the U.S. This offset a decline in watch sales in Asia, impacted by China’s property crisis. While the luxury sector faces uncertainty, Richemont’s focus on high-end clientele positions it as more resilient compared to competitors like LVMH.

Arvind Ltd reported a 29.5% YoY rise in Q4FY25 net profit at Rs 93 crore, aided by higher textile volumes. FY25 profit fell 21.2% despite 7.5% revenue growth, as margin pressures emerged due to US tariff absorption and rising costs.

Cambodia’s apparel exports rose by 21 per cent to $3.141 billion in Jan-Apr 2025, driven by strong growth in both knitted and non-knitted categories.
Imports of key raw materials also increased, reflecting rising production activity.
In 2024, apparel exports surged by 24.44 per cent to $9.791 billion, following a decline in 2023.
The country remains a significant player in global apparel trade.