PDS hits record quarterly sales, accelerates growth in Q2 FY25

Apparels
PDS Limited achieved record quarterly sales in Q2 FY25, with GMV reaching ₹5,437 crore, a 26 per cent rise from the prior quarter.
Normalised EBITDA grew by 52 per cent to ₹185 crore, while PAT rose by 62 per cent to ₹131 crore.
For H1 FY25, GMV crossed $1.1 billion, and a ₹1.65 per share interim dividend was declared.
The company has a strong order book, and further growth is anticipated.

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US’ Carter’s, Inc reports 4.2% decline in Q3 FY24 sales to $758 mn

Apparels
Carter’s, Inc. reported a 4.2 per cent YoY decline in Q3 FY24 net sales, reaching $758 million.
Adjusted operating margin dropped to 10.2 per cent, and diluted EPS was $1.62, down from $1.78 in Q3 FY23.
For FY24, the company projects net sales of $2.785-$2.825 billion and $240-$260 million in adjusted operating income, citing strong product and pricing strategies.

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Amazon Diwali Sale ends today: Grab last minute offers on running shorts, yoga pants and more at 60% off

Health & Fitness

Comfort is paramount when it comes to enjoying a perfect fitness session. Besides a spacious area for workout, you must also invest in quality sportswear brands as it can make a huge difference in the way you exercise. It can help you feel relaxed and comfortable, allowing you to perform better. So, if you are

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Hermes Paris achieves $12.1 bn Q3 revenue, driven by 14% YoY growth

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Hermes Paris reported a €11.2 billion (~$12.1 billion) revenue in Q3 2024, up 14 per cent year-on-year at constant exchange rates.
Sales reached €3.7 billion (~$4.01 billion), showing growth across all regions, especially Japan (+23 per cent) and Europe (+18 per cent). Leather goods (+17 per cent) led growth, while Hermes maintained confidence in long-term growth amid global uncertainties.

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German brand Puma & Skepta unveil Tech-Luxe outdoor collection

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PUMA and Skepta’s second collection merges Skepta’s style with PUMA’s sportswear heritage, tailored for outdoor wear.
Key pieces include the Skope Forever Mid sneaker with leather and hiking elements, Pertex-equipped outerwear, and a 3D-knitted Scuba Longsleeve.
The range is marked by exclusive PUMA x Skepta badges, blending early-2000s flair with modern tech-luxe design.

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Canada’s garment imports from India stable despite diplomatic strain

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Despite recent diplomatic tensions, Canada’s garment imports from India have remained stable, with India holding a consistent sixth position in Canada’s apparel supplier rankings.
In 2024, Canada imported $234.062 million in apparel from India, accounting for 3.35 per cent of its total imports.
Although India briefly ranked fifth in 2022, its share has fluctuated slightly year-to-year.

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UK’s Sosandar’s H1 FY25 revenue at $19.76 mn, gross margin up to 62.2%

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Sosandar plc reported H1 FY25 revenue of £16.2 million (~$19.76 million), down from £22.2 million (~$28.87 million) YoY, with a strong gross margin improvement to 62.2 per cent.
Aided by cost management, pre-tax losses narrowed to £0.7 million.
The brand opened its first three UK stores and forecasts FY25 revenue of £40 million (~$52.02 million), focusing on profitability and sustainable growth.

UK’s Sosandar’s H1 FY25 revenue at $19.76 mn, gross margin up to 62.2% Read More »

Political stability makes India reliable for US apparel buyers: USITC

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India’s political stability is a key factor for US buyers, making the country a reliable choice for sourcing apparel, a report by the US International Trade Commission noted.
Praising India’s competitiveness, particularly in cotton garments, the report says key challenges for the industry that hinder scalability include increased labour costs, small production units and expensive logistics.

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India’s RMG industry to see slower 4-6% revenue growth in FY25: CRISIL

Apparels
India’s readymade garments industry is expected to see moderate revenue growth of 4-6 per cent this fiscal, compared to 6 per cent last FY24, due to sluggish domestic demand and inventory buildup.
Export revenue is predicted to rise 5-7 per cent.
Operating margins are expected to remain stable at 11.0-11.5 per cent, with credit profiles supported by modest capex and steady working capital cycles.

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