Apparels

ICRA expects the Indian garment industry’s revenues to grow by 12-14 per cent in FY25 and by 9-11 per cent in FY26, with increasing volumes and realisations, excluding the impact of inorganic acquisitions by certain firms.
The benefits from the China Plus One vendor strategy and improvements on the back of inventory liquidation at importers’ end will support the growth.

Gold prices in India are expected to reach between Rs 87,000 and Rs 96,000 per 10 grams in 2025 due to global economic uncertainties and US tariffs. While investment demand remains strong, high prices have impacted jewellery sales. The US Federal Reserve’s potential interest rate cuts and central bank gold reserves could further influence prices.

PC Jeweller Ltd plans to become debt-free by March next year, reducing its bank loans from Rs 4,100 crore to Rs 1,800 crore this fiscal. Improved sales and a successful fundraise have significantly contributed to this reduction. The company’s revenue and profits have shown significant growth in the first nine months of this fiscal year.

Gold prices hit a record high on Friday as fears of a global trade war grew due to President Trump’s tariffs. The safe-haven asset saw increased investor demand due to economic and geopolitical uncertainty and continued to thrive in a low-interest rate environment. The market anticipates further rate cuts by the Federal Reserve.

Surat diamond workers have threatened to strike on March 30 if the Gujarat government fails to address demands, including a 30% salary hike, financial aid, and the Ratandeep scheme for unemployed workers. This could impact diamond processing worth Rs 500 crore. The union’s demands also include forming a welfare board and increasing salaries annually in line with inflation.

Lululemon Athletica has reported a 10 per cent YoY revenue rise in FY24 to $10.6 billion, with strong international growth and improved margins.
Revenue in Q4 FY24 rose 13 per cent to $3.6 billion.
For FY25, revenue is projected between $11.15–$11.30 billion.
Backed by its ‘Power of Three ×2’ strategy, the brand targets $12.5 billion revenue by 2026, focusing on innovation and market expansion.

Gold demand in India declined this week due to record high prices and jewellers closing accounts for the fiscal year. In contrast, China saw a significant drop in net gold imports via Hong Kong, with some demand destruction attributed to elevated gold prices.

Decathlon’s India division reported over Rs 4,000 crore revenue in FY24, achieving profitability with gains of Rs 197.19 crore. The firm’s revenue increased 2.24 per cent compared to FY23. Decathlon’s store sales reached Rs 3,430.67 crore, while e-commerce sales declined slightly. The company plans further investments to enhance its market position in India.

Decathlon’s India division reported over Rs 4,000 crore revenue in FY24, achieving profitability with gains of Rs 197.19 crore. The firm’s revenue increased 2.24 per cent compared to FY23. Decathlon’s store sales reached Rs 3,430.67 crore, while e-commerce sales declined slightly. The company plans further investments to enhance its market position in India.

Lopez, who has been associated with Decathlon for the past 26 years has held numerous positions within the company, in digital, logistics and retail. He headed the Germany market for the brand from 2012 to 2015, then served as CEO of Decathlon Spain from 2015 to 2022.