Arvind’s (market cap: Rs 9,817.1 crore) consolidated numbers in the quarter gone by were lacklustre despite strong top-line traction across all its segments. The company’s branded apparel segment was clearly the standout performer on the back of higher profitability and strong year on year (YoY) growth in revenues from power brands. On the other hand, … Read More →
Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read More →
If you have been bitten by the shopping bug, you can’t be blamed. Well, at least, not this year. After all, it is not often that retail stores offer steep discounts in the months of May–June. While monsoon sales by apparel stores usually start by end of June and electronic stores do have some clearance sales in June-July, this year with the Goods and Services … Read More →
Be ready to shell out more for that pair of designer jeans or branded t-shirt the next time you make a trip to your favourite branded store. With tax incidence on branded apparels and other finished textile products rising to 18 per cent under the new goods and services tax (GST) regime, prices would likely … Read More →