The Ludhiana yarn market witnessed steadiness in polyester-cotton and polyester spun yarn, with prices hovering near the previous close. Recycled and virgin polyester fibre also remained stable. A Ludhiana-based trader told Fibre*Fashion, “Consumer industry already purchased the necessary amounts of PC yarn and polyester spun yarn. So, they have sufficient stock of raw material. Hence, there is no urgency to ramp up production and stocks in the prevailing market conditions.” Domestic producers kept virgin polyester fibre prices unchanged.

In Ludhiana, ** count PC combed yarn (**/**) was traded at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); ** count PC carded yarn (**/**) at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); ** recycled polyester yarn at ****;***–*** (~$*.**–*.**) per kg (GST extra); ** count virgin polyester spun at ****;***–*** (~$*.**–*.**) per kg (GST inclusive); recycled polyester fibre (PET bottle fibre) at ****;**–** (~$*.**–*.**) per kg and virgin polyester fibre at ****;***.** (~$*.**) per kg.

The global crude oil trade is one of the most intricate and strategically sensitive networks in the world economy. Unlike most commodities, crude oil does not simply move from producer to consumer. It flows through a web of geopolitical relationships, maritime chokepoints, pipeline systems, refining constraints, and shifting demand centres. The diagram below illustrates this complexity by mapping the major supply hubs, demand centres, trade routes, and infrastructure that connect them.

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French luxury group Hermes has delivered a robust financial performance in full-year 2025, reporting consolidated revenue of €16 billion (~$19 billion), up 5.5 per cent year on year (YoY) at current exchange rates and 8.9 per cent at constant exchange rates compared with €15.17 billion in 2024.

Recurring operating income rose 7 per cent to €6.57 billion (~$7.8 billion), lifting operating margin to 41 per cent of sales from 40.5 per cent a year earlier. Net profit attributable to the group stood at €4.52 billion (~$5.4 billion), slightly below €4.6 billion in 2024 due to an exceptional contribution on large companies’ profits in France. Adjusted for this impact, net profit increased 5.5 per cent to €4.86 billion.

Paris-based Hermes has posted revenue of €16 billion (~$19 billion) in 2025, up 5.5 per cent YoY, while recurring operating income reached €6.57 billion (~$7.8 billion) with a 41 per cent margin.
Net profit stood at €4.52 billion (~$5.4 billion).
Fourth-quarter sales were €4.09 billion (~$4.9 billion), supported by strong demand across Europe, the Americas and Japan.

The company maintained strong cash generation, with operating cash flow reaching €5.61 billion and adjusted free cash flow rising to €3.88 billion. Equity increased to €18.84 billion, while the restated net cash position strengthened to €12.77 billion at the end of December 2025, Hermes said in a press release.

Regionally, Asia remained the largest contributor with revenue of €8.29 billion, growing 2.6 per cent. Asia-Pacific excluding Japan generated €6.7 billion, while Japan recorded strong growth of over 10 per cent to €1.59 billion. The Americas posted revenue of €3.08 billion, rising 7.3 per cent. Europe also performed steadily, with France reaching €1.58 billion and Europe excluding France €2.36 billion. The Middle East-led “Other” region grew 11.2 per cent to €697 million.

Across product segments, Leather Goods and Saddlery continued to drive performance, rising 13 per cent due to strong demand and expanded production capacity. Ready-to-wear and Accessories increased 6 per cent, while Silk and Textiles grew 5 per cent.

In the fourth quarter, the group’s revenue totalled €4.09 billion (~$4.9 billion), up 3.1 per cent at current exchange rates and nearly 10 per cent at constant exchange rates. Growth was supported by solid performance across Europe and the Americas, while Asia remained broadly stable due to base effects.

During the quarter, Europe generated €1.07 billion in revenue, Japan €387 million, Asia-Pacific excluding Japan €1.54 billion, the Americas €906 million, and the Middle East-led ‘Other’ region €182 million.

Axel Dumas, executive chairman of Hermes, said: “The Hermes model based on an exclusive and qualitative network, as well as strong vertical integration, has once again proven successful. This distinctive strategy has enabled the house to achieve robust revenue growth and strong performance. I warmly thank the Hermès teams who share our commitment to uncompromising quality as well as our customers for their loyalty. In an uncertain environment, Hermes is moving into 2026 with confidence, underpinned by its creativity and exceptional savoir-faire.”

Looking ahead, Hermes reaffirmed its medium-term ambition of sustained revenue growth at constant exchange rates, despite global economic and geopolitical uncertainties. Due to its unique business model, Hermes is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication. The theme of the year for 2026, Venture beyond, is an invitation to discover new horizons and renew our curiosity, constantly, added the release.

Fibre2Fashion News Desk (SG)