Mafatlal Industries Ltd flagship textile enterprise of the Arvind Mafatlal Group reported a 23.7% year-on-year (YoY) decline in consolidated total income to Rs 950.38 crore (US $99.43 million) in Q1 FY '27, compared with Rs 1,244.84 crore (US $130.24 million) in Q1 FY '26.
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Textile manufacturer Nitin Spinners Ltd reported a significant improvement in profitability for the first quarter of FY '27, with standalone net profit rising 83.6% year-on-year (YoY) to Rs 75.27 crore (US $7.87 million), compared with Rs 40.99 crore (US $4.29 million) in Q1 FY '26.
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Men’s fashion brand Banana Club is targeting 100 stores and revenue of Rs 500 crore (US $5.23 million) by 2028 as it expands into emerging cities, adds new product categories and explores quick-commerce fulfillment.
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Arvind Limited has appointed retail industry veteran Vivek Sandhwar as Business Head for The Arvind Store (TAS) and AD businesses, effective July 2026, as the company strengthens its retail leadership to accelerate growth and enhance consumer engagement across its brands.
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RSWM Limited, a flagship company of the LNJ Bhilwara Group, reported a consolidated net profit of Rs. 19.65 crore (US $2.06 million) for the quarter ended June 30 (Q1 FY '27), marking a 135% increase from Rs. 8.37 crore (US $0.88 million) in the corresponding period of FY '26.
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Revenue from operations grew 19% YoY to Rs279 crore, while EBITDA increased 29% to Rs54 crore and PAT rose 29% to Rs41 crore, reflecting healthy operational momentum.
