Apparels

Citykart secured Rs 538 crore in funding from TPG NewQuest and A91 Partners valuing the company at approximately Rs 1,400 crore. Citykart will use Rs 120 crore from the proceeds to expand beyond Uttar Pradesh and Bihar. Investcorp fully exited, while India SME Investments reduced its stake. The company plans to open 40–50 new stores annually.

According to an analysis of the global markets, family offices allocate just one per cent of their portfolios to gold and precious metals, putting it on equal footing with niche assets like art, antiques, and infrastructure, and far behind more favoured categories such as private equity, real estate, and even cash.

Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate Titan’s successful CaratLane acquisition model.

Japan’s apparel imports from Bangladesh surged 17.22 per cent year-on-year to $388.008 million in Q1 2025.
Men’s wear led with a 41.06 per cent share. Bangladesh’s market share rose to 6.47 per cent, maintaining its fourth rank.
Cotton garments made up over two-thirds of imports.
Trousers and T-shirts were top items.
Japan’s total apparel imports reached $5.996 billion in the same period.

Garment exports from the Dominican Republic to the US remained stable at $134.696 million in Q1 2025, despite a 9.83 per cent decline in total garment exports.
The US market share rose to 81.35 per cent.
Home textile exports also saw the US as the top destination.
On the import side, China and the US were the largest apparel and home textile suppliers, respectively.

High gold prices and economic uncertainties subdued gold jewellery sales in India during April and early May, except for Akshaya Tritiya. Consumers deferred purchases, opting for lighter jewellery. While large retailers saw increased sales due to promotions, smaller jewellers experienced declines. Bullion and low-weight coins performed well, especially online, indicating a shift towards organized players and investment-oriented gold.

Delta Galil reported record Q1 FY25 results with sales up 11 per cent to $498.7 million, marking its fifth consecutive quarter of growth.
Net income rose 46 per cent to $17.6 million, while online brand sales grew 21 per cent.
Despite margin pressure, EBIT climbed 26 per cent.
The company withdrew prior guidance due to new US tariffs but expects limited impact and is implementing cost-saving measures.

Despite recent trade tensions, China expanded its share in the US leather apparel and accessories market to 23.08 per cent in the first 2 months of 2025, with exports worth $534.204 million.
Cambodia followed with a 15.56 per cent share.
Compared to 2020, China’s share has grown significantly, reinforcing its position as the top supplier amid rising US imports from other key countries.

Aditya Birla Fashion and Retail Ltd witnessed a significant reduction in its net loss, reporting Rs 23.55 crore for the fourth quarter ended March 2025, compared to a loss of Rs 266.36 crore in the previous year. Revenue from operations increased to Rs 1,719.48 crore.

Deckers Brands has reported net sales of $4.99 billion in FY25, up 16.3 per cent YoY, led by strong growth in Hoka at 24 per cent and UGG at 13 per cent.
EPS rose to $6.33.
Q4 sales hit $1.02 billion, an increase of 6.5 per cent, with a gross margin of 56.7 per cent in Q4.
For Q1 FY26, sales are forecast between $890–910 million and EPS between $0.62–$0.67, amid global trade uncertainties.