Apparels

The US has signed a trade deal with Bangladesh, offering zero tariffs on textiles made with US cotton or man-made fiber. This contrasts sharply with an 18% tariff on Indian textiles under a separate pact, drawing criticism from India’s opposition. Bangladesh also secured reduced tariffs on other apparel, with the US market remaining its largest export destination.

The fresh capital will be primarily used to expand Ethera’s physical retail presence. Founded in 2024 by Nitesh Jain and Sharad Arora, Ethera currently operates five retail stores across Bengaluru and New Delhi, alongside a pan-India digital presence.

ACPL Exports enters the silver jewellery market with TrueSilver. This marks a shift to a consumer-facing omnichannel approach. The company targets Rs 100 crore revenue soon and Rs 250 crore in two to three years. Expansion includes 100 retail stores. TrueSilver offers everyday wear with certified purity and accessible pricing.

The US–Bangladesh reciprocal tariff agreement cuts duties to 19 per cent, easing pressure on exporters after months of uncertainty.
Zero-duty access for select garments using US inputs strengthens Bangladesh’s competitiveness in its biggest market.
The move is expected to stabilise jobs, support margins, and reinforce the country’s role in global apparel supply chains.

Gold jewellers stocks saw significant gains on Monday. This rally was driven by a US-India trade deal that reduced tariffs on jewellery exports. Strong financial results from companies like Kalyan Jewellers and P N Gadgil also boosted investor confidence. Demand from the wedding season is expected to continue this positive trend into the next quarter.

Sky Gold and Diamonds Ltd announced a significant financial performance for the December quarter. The company’s consolidated profit more than doubled, reaching Rs 80.53 crore. This marks a substantial increase from Rs 36.53 crore in the same period last year. Total income also saw a considerable rise to Rs 1,775.12 crore.

India’s textile and apparel industry has welcomed the removal of the additional 25 per cent US tariff and the prospect of an 18 per cent reciprocal rate under the proposed India–US trade pact.
AEPC said the agreement will enhance market access, cut non-tariff barriers, and improve competitiveness.
The deal is expected to boost exports, generate jobs across MSMEs and support farmers.

Under Armour has posted a challenging Q3 FY26, with revenue down 5 per cent YoY to $1.33 billion amid tariff pressure and weak North America demand.
International growth partly offset declines.
Margins narrowed, resulting in losses, though liquidity stayed strong.
For FY26, revenue is seen down 4 per cent, with improving profitability supported by restructuring and cost controls.

Pearl Global Industries has posted strong Q3 FY26 results, with consolidated revenue rising 14.4 per cent to ₹1,170 crore (~$129.3 million) and PAT up 6.8 per cent.
9M revenue grew 13.2 per cent to ₹3,711 crore (~$410.5 million), supported by multi-country operations and higher value-added products.
Improved margins, rating upgrades and capacity expansion in Bangladesh strengthen its growth outlook.

Pearl Global Industries Ltd, India’s largest garment exporter, saw revenue climb over 13% for the nine months ending December 31, 2025. Overseas operations in Vietnam and Indonesia led this growth. Profitability also improved, with adjusted EBITDA rising. The company’s credit rating was upgraded. Future growth is anticipated with new trade agreements.