Apparels

India’s goods trade deficit widened significantly to a record $42 billion in October, driven by a threefold surge in gold imports to $14.72 billion. This rise, coupled with a widening oil deficit, overshadowed a slight improvement in the electronics deficit. Merchandise exports also contracted sharply by 11.8% year-on-year, raising concerns about the country’s external balances amidst slowing global trade trends.

ZILO has unveiled its second dark store in the bustling city of Mumbai, taking a significant leap in its retail strategy. With an exciting range of new items including accessories, footwear, bags, watches, and fashion jewellery, this expansion is all about speed and variety. Customers can now enjoy quicker deliveries and an enriched inventory of fashionable lifestyle products.

Lenskart is broadening its horizons in the eyewear industry by welcoming the stylish Barcelona-based brand Meller to India. In an exciting twist, the company is also teaming up with Popmart to unveil a whimsical collection featuring beloved character designs.

India Bullion & Jewellers Association has asked Sebi to regulate digital gold platforms. This move aims to assure consumers they are not being misled. Digital gold is popular with young investors seeking easy access to funds and no locker fees. Sebi recently cautioned that these platforms are outside its oversight.

Political party Twenty20, founded by Kitex Garments promoters, plans to contest in half of Kerala’s districts for upcoming local body polls. The party aims to replicate its successful governance model, which has turned panchayats into revenue surplus entities, despite the chairman facing alleged harassment in Kerala.

In September, the government had imposed restrictions on imports of certain silver jewellery till March 31 next year. The move was aimed at curbing imports of these precious metals in the name of unstudded jewellery from countries like Thailand. India has a free trade agreement with ASEAN (Association of South-East Asian Nations). Thailand is a member of this 10-nation group. The India-ASEAN free trade agreement on goods was signed in 2009.

UK clothing exports fell 1.61 per cent year on year to £244 million in September 2025, reflecting subdued global demand and ongoing post-Brexit competitiveness issues.
Fabric and fibre exports also weakened, despite some month-on-month improvement.
Q3 2025 exports remained significantly below last year, underscoring fragile international buying sentiment.

Page Industries has posted modest Q2 FY26 growth, with revenue up 3.6 per cent to ₹12,909 million (~$145.5 million) and sales volumes rising 2.5 per cent, though EBITDA and PAT saw slight declines.
H1 performance was stronger, with revenue up 3.3 per cent and healthier margins.
The company expects consumption to improve with GST 2.0, lower lending rates, and e-commerce growth.

As China, Vietnam, Cambodia and Pakistan compete with Bangladesh to grab more share in the EU garment market due to US reciprocal tariffs, experts feel the trend may squeeze margins and undermining profitability of Bangladesh garment exporters.
Other key destinations where garment exports have been diverted include Japan and Canada.
Bangladesh has holding over 20-per cent share in the EU apparel market.

Misto Holdings has reported revenue of 1,088 billion won (~$747 million) in Q3 2025, up 3.7 per cent YoY with operating profit rising 41 per cent to 132 billion won.
Fila’s repositioning and Acushnet’s 7.5 per cent revenue rise supported performance.
A 940-won dividend lifted shareholder returns to 220 billion won (~$151 million), achieving 44 per cent of the firm’s three-year target.