Industry sources attributed the rising yarn prices not only to domestic cotton costs but also to global factors, including elevated crude oil prices amid geopolitical tensions, which have driven up viscose and polyester yarn prices
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The company’s textiles division, which includes fabrics, garments and fabric retail, recorded a 22% increase in revenue during the quarter.
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Traders and processing unit owners warned that sustained increases in fuel, freight and energy costs could eventually lead to higher garment prices and weaken the competitiveness of Indian textile manufacturers against production hubs such as Bangladesh and Vietnam.
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The company said the initiative comes at a time when online fashion discovery is increasingly being shaped by creator content, community recommendations and social sharing across digital platforms.
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Her expertise in private labels and garment retail is expected to enhance the company's product offerings and strengthen its competitive edge in the apparel market
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The Bengaluru-based e-commerce company has reportedly been asked to achieve profitability by the end of FY '27, following which it may consider proceeding with its IPO plans.
