Aditya Birla Fashion and Retail Ltd is set for leadership transitions. Nikhil Modha will become Chief Financial Officer designate from April 1, taking over fully in 2027. Suraj Bahirwani is appointed CEO designate of Pantaloons from April 2026. Marco Agnolin joins as CEO of OWND! from April 2026.

Gold price could move towards $5,600 and silver may cross $100 in 1-2 years: Analysts

In the ever-evolving landscape of global sourcing, India’s textile sector finds itself at a defining moment. To capitalize on this trend, it’s imperative for the country to ramp up both its manufacturing scale and the output of artificial fibers. Although the demand within the country is promising, significant growth hinges on increasing exports.

The EU’s apparel imports fell by 15.48 per cent YoY in January to €7.03 billion, according to Eurostat.
Bangladesh’s apparel exports to the EU fell to €1.43 billion in January—a 25.25-per cent drop in value.
China remained the top exporter of apparel to the EU (€2.22 billion), but still saw a 6.9-per cent decline YoY in value.
India, Pakistan, Vietnam and Cambodia also remained in negative territory.

India’s textile outlook is turning structurally complex.
The EU pact targets ~99.5 per cent trade coverage with phased duty relief, while rupee weakness supports exports.
However, crude volatility, >80 per cent import energy dependence, polyester cost inflation and US market softness (≈28 per cent share) are fragmenting performance, reinforcing a shift towards cotton-led, EU-focused exporters.

Innerwear brand Krvvy and intimate wash brand Ugees have partnered, aiming to expand product offerings and customer loyalty. Both startups are building ecosystems instead of focusing on single categories. The partnership reflects a growing trend among early-stage D2C brands to build ecosystem-led plays instead of operating in single product categories.

Myer has reported strong H1 FY26 results, with total sales rising 24.5 per cent to $2,279.5 million and NPAT up 21.7 per cent to $51.7 million.
Growth was supported by Apparel Brands integration and strategic investments.
Loyalty members reached 5.1 million.
Early H2 FY26 sales rose 1.7 per cent, though the company remains cautious amid macroeconomic pressures and weak discretionary demand.

KELME, a Spanish sportswear brand, has entered India. They opened a store in Noida and launched an e-commerce site. The brand offers performance-focused apparel and footwear. KELME plans to open 70 more stores in three years. They also aim to support 1,000 athletes. This move targets India’s growing activewear demand.

Footwear major Metro Brands is on a steady growth path, targeting 15 per cent CAGR. The company is expanding its store network and diversifying its brand portfolio. Metro Brands focuses on a consumer-first approach, bringing global labels to India based on demand. They are also exploring quick commerce. This strategy ensures continued expansion and profitability.

Gold and silver prices saw significant drops on India’s MCX. This decline was driven by escalating Middle East tensions and inflation fears linked to higher crude oil prices. These factors fueled expectations of increased global interest rates. Experts advise caution for traders, suggesting gradual accumulation for small investors during this market correction.