Apparels

Kolkata consumers are set to rejoice as gold prices have significantly dropped by approximately Rs 9,000 per 10 grams, just before the wedding season. This considerable price correction, the most notable in recent times, is set to offer substantial relief to buyers.

PDS Limited has reported strong growth in FY25, with revenue reaching ₹12,578 crore (~$1.51 billion) and GMV rising 25 per cent YoY to ₹18,744 crore (~$2.24 billion).
PAT grew 19 per cent to ₹241 crore.
Q4 FY25 saw robust quarterly gains across key metrics.
Backed by BCG, PDS launched cost optimisation efforts and sees the UK-India FTA and US tariff changes as growth enablers for its global operations.

Richemont, owner of Cartier, saw a 7% rise in quarterly sales, exceeding expectations, driven by strong jewellery sales in the U.S. This offset a decline in watch sales in Asia, impacted by China’s property crisis. While the luxury sector faces uncertainty, Richemont’s focus on high-end clientele positions it as more resilient compared to competitors like LVMH.

Arvind Ltd reported a 29.5% YoY rise in Q4FY25 net profit at Rs 93 crore, aided by higher textile volumes. FY25 profit fell 21.2% despite 7.5% revenue growth, as margin pressures emerged due to US tariff absorption and rising costs.

Cambodia’s apparel exports rose by 21 per cent to $3.141 billion in Jan-Apr 2025, driven by strong growth in both knitted and non-knitted categories.
Imports of key raw materials also increased, reflecting rising production activity.
In 2024, apparel exports surged by 24.44 per cent to $9.791 billion, following a decline in 2023.
The country remains a significant player in global apparel trade.

Gunze Limited has reported net sales of ¥137,117 million (~$882 million) in FY2025, up 3.2 per cent YoY, with profit growth driven by non-apparel segments.
Apparel sales rose 1.1 per cent, but profit dropped 48.6 per cent due to higher costs and weak retail performance.
Moving into ‘Vision 2030 Stage 2,’ Gunze aims for sustainable growth through core business expansion and structural reforms.

Page Industries Ltd reported a 51.6% surge in net profit, reaching Rs 164 crore for the March quarter of FY’25, driven by volume growth and efficiency measures. Revenue climbed 10.6% to Rs 1,098.07 crore, with sales volume up 8.5% year-on-year.

Urban Outfitters has launched On Rotation, a new retail concept designed to inspire and connect with Gen Z through curated brand experiences, starting with Nike.
Featuring lounge-style installations in five US cities, the initiative includes exclusive Nike products and a special LA capsule collection linked to the Nike After Dark Tour: Los Angeles 13.1 event this June.

Goldwin Inc has reported FY25 net sales of ¥132.3 billion (~$847 million), up 4.3 per cent YoY, with strong inbound sales and e-commerce growth.
Operating profit rose to ¥25.4 billion and net income to ¥26.9 billion.
For FY26, sales are projected at ¥140.5 billion (~$900.6 million), with stable margins supported by price hikes and exchange gains, despite discontinuing four brands.

Shein, the fast-fashion online retailer, is expanding its supply chain by leasing a large warehouse in Vietnam, its first in the country. This move aims to mitigate risks associated with U.S.-China trade tensions, as the company currently relies heavily on China-based suppliers. The new warehouse will store clothing and apparel from contractors before export, potentially diversifying Shein’s sourcing beyond China.