Apparels

Harfun, a men’s workwear startup, plans to expand both online and offline, aiming for Rs 100 crore GMV by the end of the next fiscal year. With plans for a new store in Delhi NCR and international expansion to Dubai, Harfun focuses on practical, utility-driven products and continuous innovation through technology and research collaborations.

Titan may face higher interest rates for leasing gold as bullion banks redirect supply to the U.S. due to high premiums on gold futures. This shift is causing a supply crunch and fluid interest rates. Titan’s growth outlook is uncertain amid fluctuating gold prices and potential U.S.-China trade tensions, despite strong third-quarter profits.

Turkiye’s apparel exports fell by 4.47 per cent YoY in 2024 to $17.494 billion, with a 10.52 per cent drop in December.
Knitted apparel exports declined by 1.6 per cent, while non-knitted fell by 8.1 per cent.
In December, garment exports dropped by 10.52 per cent.
No textile-related chapters were among the top 20 imports appeared in December 2024.

Columbia Sportswear has reported net sales of $1.1 billion in Q4 2024, up 3 per cent YoY, with gross profit rising to $560.5 million and net income increasing 10 per cent to $102.6 million.
Full-year sales declined 3 per cent to $3.37 billion, with net income down 11 per cent.
For 2025, sales are projected at $3.40-$3.47 billion, with EPS of $3.80-$4.15.

Small towns in India are increasingly shopping for luxury items due to the growth of e-commerce. Luxury shopping has reached beyond major cities to smaller places like Botad and Asansol. Both affluent consumers and high earners are driving this trend. Online platforms and social media are helping customers make informed purchases.

Page Industries, the licensor of Jockey and Speedo in India, posted a notable third-quarter profit increase to 2.05 billion rupees, driven by rising fitness trends and strong athleisure demand. Revenue grew by 7 per cent year-on-year to 13.13 billion rupees. The EBITDA margin improved to 23 per cent owing to controlled operating expenses, despite facing short-term consumer sentiment challenges.

The customs duty had about 550 crore estimated impact when the announcements came in July and it is by and large played out to that extent and it is also now completely behind us in the quarter three of FY25. So, going forward that effect will not be there, that was a big dampener on the total margin of the business and of the company.

India’s gold consumption in 2025 is projected to be between 700 and 800 metric tons, down from last year’s 802.8 tons. Rising gold prices are affecting jewellery demand but are increasing investment demand. Domestic gold prices have reached a record high of 84,399 rupees per 10 grams. Jewellery demand makes up 70 per cent of India’s total gold demand.

Luxury shopping in India is booming beyond major cities due to the growth of e-commerce, reaching small towns like Botad and Asansol. This shift is driven by ‘Henry’ consumers and new luxury customers who are more informed and research-driven. Online platforms like Tata Cliq Luxury are experiencing significant sales from these non-metro areas.

PC Jeweller reported a significant profit in the third quarter, buoyed by demand during the festival and wedding season. The company reversed its previous year’s loss, with consolidated net profits reaching 1.48 billion rupees. Revenue from operations surged nearly sixteen-fold, driven by higher gold prices and increased demand for lighter jewellery.