Globe Textiles (India) registered a 102.20 per cent Y-o-Y rise in its net profit to Rs 380.76 lakh during Q2, FY25 ended in September 2024 as compared to Rs 188.31 lakh in Q2, FY24 ended September 2023. The company’s revenue also increased by 35.12 per cent to Rs 15,019.77 lakh, during the quarter from Rs 11,115.74 lakh in the corresponding quarter of FY24.
A key factor behind the company’s growth was its recent acquisition of a 70 per cent stake in Globe Denwash, a leader in sustainable denim washing and finishing techniques. The acquisition significantly strengthened Globe Textiles’ position in international markets, especially in the UK, US, and Europe, where sustainability is a key focus.
Since its establishment in 1995, Globe Textiles (India) has become a leader in sourcing, manufacturing, and trading a wide range of textile and apparel products. The company excels at integrating every stage of production, from fiber to fashion.
Globe Textiles’ operational expertise stems from leveraging skilled personnel and quality resources to deliver innovative, customized products and services. Its diverse product portfolio includes man-made and natural fiber yarns, fabrics, accessories, home textiles, furnishings, and ready-made garments.
Driven by a commitment to quality, sustainability, and customer satisfaction, Globe Textiles continues to expand its presence in both domestic and international markets. This focus not only enhances its global competitiveness but also reinforces its reputation as a reliable and forward-thinking partner in the textile and apparel industry.
