Textile

Raymond Ltd, a diversified Indian conglomerate best known for its legacy in textiles, is set to list its real estate arm, Raymond Realty Ltd, on the stock exchanges in the second quarter of FY26. The demerger, effective May 1, 2025, positions the real estate business as an independent entity, unlocking potential for focused growth and value creation. With regulatory approvals in place and a clear share allotment structure for existing shareholders, Raymond is reinforcing its transformation strategy—having already spun off its lifestyle division last year.

In a strategic move to bolster India’s presence in global textile markets, the Commerce Ministry has launched a high-level task force aimed at propelling textile exports to USD 100 billion by 2030–31. Chaired by Commerce Secretary Sunil Barthwal, the task force will serve as a unified platform to address sectoral challenges, enhance competitiveness, and guide policy reforms. The inaugural meeting, held on June 10, brought together key government officials and industry stakeholders to discuss innovations, logistics, renewable energy, labour, and global trade opportunities.

Borana Weaves Ltd, a manufacturer of high-grade microfilament woven fabrics, made a strong debut on Indian stock exchanges on Tuesday, listing at a 12.5% premium over its issue price of Rs 216 per share. The stock opened at Rs 243 and surged as high as Rs 255.10 intraday, reflecting robust investor confidence. The company's Rs 144.89-crore initial public offering (IPO) witnessed overwhelming demand, being subscribed 148.77 times.

Vishal Fabrics Ltd, a prominent denim fabric manufacturer under the Chiripal Group, announced a notable 13% rise in net profit to Rs 28.84 crore for the fiscal year ending March 31, 2025, despite ongoing global economic headwinds. Total revenue grew 5% year-on-year to Rs 1,521.43 crore, underscoring the company’s resilience and strategic focus on operational efficiency, quality, and customer satisfaction.

In a resounding vote of confidence from the investing public, Borana Weaves’ initial public offering (IPO) closed with an extraordinary 148.77 times oversubscription. The Rs 144.89 crore public issue drew immense interest from retail investors, high-net-worth individuals, and institutional participants alike. With a price band set between Rs 205 and Rs 216 per share, the IPO offered up to 67.08 lakh equity shares. Market data from the National Stock Exchange revealed staggering demand, especially from non-institutional investors and retail buyers.

Ester Industries Ltd., a prominent player in the polyester films and specialty polymers segment, has announced the appointment of Abhay Anant Gupte as an Independent Director, effective May 6, 2025. Gupte, who currently serves as the Managing Director and CEO of Manipal Technologies Ltd., brings with him more than 40 years of leadership experience spanning banking, financial services, IT, and manufacturing.

Garware Technical Fibres, a key player in the technical textiles industry, reported a modest year-on-year increase of 1.4% in consolidated profit after tax (PAT), reaching Rs. 71.05 crore for the fourth quarter of FY25. Despite the relatively flat profit growth, the company achieved a healthy 13% increase in revenue, driven primarily by its robust geosynthetics segment and expanding aquaculture business in Chile. While profit before tax (PBT) faced headwinds due to reduced other income, operating EBITDA improved by 17% year-over-year.

The textile industry in India has long been a cornerstone of the nation's economic landscape. Recently, the Ministry of Textiles, under the leadership of Secretary Neelam Shami Rao, addressed pressing challenges faced by the sector. During a meeting in Bengaluru with the Weavers' Service Association, government initiatives aimed at supporting handloom weavers and workers were discussed. This includes financial assistance, scholarships for workers’ children, and comprehensive insurance coverage.