Fashion
India’s IIP growth rate 4% in Sept 2025; IIP 152.8
The IIP stood at 152.8 compared to 146.9 in September 2024.
India’s growth rate of the index of industrial production (IIP) for September was 4 per cent, according to quick estimates by the National Statistics Office.
The figure remains unchanged from quick estimates of August 2025.
The IIP stood at 152.8 compared to 146.9 in September 2024.
The IIP growth rate for manufacturing in the month was 4.8 per cent, while the IIP for the sector was 154.3.
The IIP growth rate for manufacturing in the month was 4.8 per cent, while the IIP for the sector was 154.3.
Within the manufacturing sector, 13 out of 23 industry groups at National Industrial Classification (NIC) 2 digit-level have recorded a year-on-year (YoY) positive growth in September.
The indices stood at 143.3 for primary goods, 122 for capital goods, 169.4 for intermediate goods and 197.6 for infrastructure/construction goods for September, a ministry release said.
Further, the indices for consumer durables and non-durables stood at 146.5 and 141.5 respectively.
Fibre2Fashion News Desk (DS)
Egypt’s textile and apparel imports from Turkiye rose 7.7 per cent year-on-year to $154.68 million in H1 2025, driven mainly by higher fabric demand from garment exporters.
Fabric imports surged 27.75 per cent, while yarn imports dipped slightly.
Despite modest overall growth, Turkiye remained Egypt’s second-largest supplier of fabrics and apparel and third-largest in yarn.
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By
DPA
Translated by
Nazia BIBI KEENOO
Published
October 30, 2025
The world’s third-largest sportswear company, Puma, is facing losses but plans a major turnaround. The Germany-based brand, trailing Nike and Adidas, will cut about 900 administrative roles and streamline its product portfolio by the end of 2026 under its new CEO, Arthur Hoeld.
Puma, headquartered in Herzogenaurach, reported losses in the first nine months of the year. Sales fell 8.5% to €5.97 billion compared with the same period last year, while consolidated earnings dropped by about half a billion euros. After nine months, the company posted a net loss of €257 million.
Moving forward, Puma intends to focus on its core categories of football, training, running and sports fashion. Its direct-to-consumer business—through its own retail stores and e-commerce—is expected to grow faster, as Puma has so far been heavily dependent on wholesale distribution. The new CEO described 2026 as a transition year, to return to growth from 2027 onward.
To achieve this, Hoeld plans to strengthen the brand and its signature leaping cat logo. “I firmly believe that the Puma brand is intact and has incredible potential,” he said. The company intends to reduce wholesale’s share of revenue, as discounted sales through big-box retailers have hurt brand desirability. Puma also plans to lower its inventory levels.
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The revenue from operations grew 14 per cent sequentially to ₹3,419 crore, while gross profit improved 17 per cent to ₹680 crore. EBITDA more than doubled to ₹103 crore in Q2 FY26, reflecting enhanced operational efficiency. Profit after tax (PAT) jumped 142 per cent quarter-over-quarter (QoQ) to ₹48 crore. On a half-yearly basis, EBITDA and PAT declined 31 per cent and 41 per cent YoY respectively, primarily due to higher input costs and strategic restructuring, PDS Limited said in a press release.
India’s PDS Limited has reported an 18 per cent rise in GMV to ₹5,467 crore (~$619.2 million) in Q2 FY26, with revenue up 14 per cent and PAT surging 142 per cent to ₹48 crore.
The order book reached ₹5,308 crore (~$601.1 million), up 15 per cent YoY.
Improved working capital efficiency generated ₹593 crore in cash flow, and the board declared an interim dividend of ₹1.65 per share.
“Our results demonstrate that sustainable growth is achieved through focus, efficiency, and disciplined execution. Our growth journey is centered on strengthening and expanding the potential of our existing businesses and partnerships, with no new investments at this stage. By sharpening our focus on execution, leveraging synergies, and fostering collaboration across our global network, we are building a stronger, more efficient, and purpose-driven PDS—one that grows sustainably and responsibly while upholding the highest standards of governance,” said Pallak Seth, executive vice chairman at PDS Limited.
“We continue towards our commitment of building a resilient, cost-efficient PDS. Our focus remains on driving operational excellence across our core business verticals, which is starting to show in our results, with optimized working capital and reduced net debt levels. By focusing on high-impact areas and streamlining underperforming verticals, we are enabling responsible growth and building a future-ready organization scaling towards enhancing profitability,” said Sanjay Jain, group CEO.
As of early October 2025, PDS Limited’s order book stood at ₹5,308 crore (~$601.1 million), marking a 15 per cent YoY increase and reflecting sustained business momentum despite global macroeconomic headwinds. The company achieved notable improvement in working capital efficiency, reducing net working capital days from 17 in March 2025 to 6 in September 2025, generating ₹593 crore in cash flow from operations. The board also approved an interim dividend of ₹1.65 per share, consistent with the previous year, added the release.
Fibre2Fashion News Desk (SG)
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