Apparels

Raymond Lifestyle reported a steady second quarter for FY26, with profit before tax at Rs 108 crore. Strong domestic demand in textiles and apparel helped offset export challenges, leading to an 8% rise in total income to Rs 1,865 crore. The company remains optimistic about sustained domestic growth in the latter half of the fiscal year.

Menswear brand Snitch is now offering 60-minute apparel delivery. This quick commerce service has started in Bengaluru. Plans are in place to expand to Delhi, Mumbai, and Hyderabad. A nationwide rollout is expected by 2026. The company aims to meet the instant fashion needs of young shoppers. This initiative leverages existing stores for faster delivery.

Menswear brand ENGYNE has launched its first offline retail presence through a strategic collaboration with luxury retailer Stylera. The partnership sees ENGYNE’s collection available at Stylera’s Navi Mumbai flagship store and online. This collaboration aims to blend digital innovation with a tactile shopping experience for urban professionals.

VF Corporation has posted revenue of $2.8 billion in Q2 FY26, up 2 per cent YoY but down 1 per cent in constant currency, surpassing expectations.
The North Face and Timberland grew 6 and 7 per cent respectively, while Vans declined 9 per cent.
Operating income rose 5 per cent to $330 million.
Net debt dropped $1.5 billion, and a $0.09 per-share dividend was declared.

India’s recent free trade pact with EFTA opens doors for Swiss horology, especially for brands like Breitling. CEO Georges Kern anticipates a surge in profits and investment opportunities within India’s thriving luxury market.

India is developing a comprehensive cost roadmap for its textiles sector to regain global price competitiveness against rivals like Bangladesh, Vietnam, and China. This plan, spanning short, medium, and long terms, aims to lower production and export costs by addressing raw materials, logistics, energy, and taxation. The initiative also seeks to boost R&D and innovation to achieve ambitious export targets.

Gold prices have fallen below ₹1.2 lakh per 10 gm for the first time in three weeks, a decline expected to boost sales during the upcoming wedding season. Jewellers are restocking as prices dropped 9% since Dhanteras, with further movements dependent on US-China trade talks and the Federal Reserve’s interest rate decision.

New Zealand’s apparel imports rose 3.77 per cent YoY to NZ$1.56 billion in January–September 2025, showing gradual trade recovery.
Growth was led by knitted apparel and stronger fabric demand, while volumes fell 5.6 per cent due to higher prices.
Analysts attribute this to elevated sourcing costs, inflation, and a shift towards premium apparel from China, Bangladesh, Vietnam, India, and Australia.

American apparel company Carter’s, Inc, has reported flat Q3 FY25 sales at $757.8 million, while profit fell sharply due to higher tariffs and restructuring costs.
Net income dropped to $11.6 million from $58.3 million, with adjusted EPS down to $0.74.
The company plans 300 job cuts and 150 store closures to save $35 million annually, while tariffs are expected to impact Q4 earnings by $25–35 million.

India’s leather and allied products industry will see its revenue drop by 10-12 per cent YoY in FY26 as the 50-per cent US tariff will slash export volume, Crisil Ratings said.
Operating profitability will slide by 150-200 bps, driven by headwinds in the export segment and the muted operating performance will weaken credit profiles.
Exporters are exploring new markets and shifting/outsourcing production.