Denim Industry

Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry

Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier

Denim companies embrace blended jeans as cotton prices scorch

Raw cotton prices have more than doubled from Rs 35,000 per candy of 356 kg in mid-2020 to over Rs 75,000 now

Denim major Vishal Fabrics to double exports this fiscal, add capacity

Vishal Fabrics is the flagship of the diversified Chiripal Group and commenced operations in 1985

Better realisations help larger denim makers tide over cotton blues

Raw cotton prices have more than doubled since mid-2020, leading to consolidation with the larger players banking on international business

Nandan Denim net proft surges 546% to Rs 20 cr in December quarter

Revenue from operations grew by 87.15% to Rs 583.17 crore for Q3FY22

Mufti looks to double turnover in 5 years, targets young customers

Beginning with its Ahmedabad outlet, the Mumbai-based brand has overhauled the store's interior design in a bid to target young customers

Margins may improve after a long wait as denim industry sees glut easing

No new capacities likely, so market will be able to absorb current production; however, rising cotton prices could offset the benefits of operating leverage and modest increase in fiscal incentives

Denim industry says 30-40% of operative capacity shut

With annual sale of Rs 15,000 crore, this industry employs around 400,000 workers directly, besides the indirect spinoff