TT news and archive

TT Ltd’s quarterly income sees a dip

TT’s total income was Rs 106.97 crores during the period ended June 30, 2019, as compared to Rs 173 crores during the period ended March 31, 2019. Net profit was Rs 0.37 crores for the period ended June 30, 2019, as against Rs 0.84 crores for the period ended March 31, 2019. EPS was Rs 0.18 for the period ended June 30, 2019, as compared to Rs...

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Retail

TT on an aggressive distribution network enhancement

TT is a longstanding brand in the knitwear industry focussed on systematic growth of the cotton knitwear / hosiery segment. “We have a robust list of products ranging from hi-fashion outerwear products for all genres to innerwear products be it men / women / children. In past years, the company had focussed more on backward integration with...

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Retail

T T hopes to grow 20 per cent in forthcoming fiscal

For a brand which has been synonymous with innerwear for long, it is a major achievement for TT to be now known as a complete family brand now. Founded in 1970 primarily as men’s innerwear brand, TT has been successfully bringing the best for its customers. This has given it the confidence to expect a 20 per cent growth in the forthcoming...

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Retail

Unhealthy competition poses hurdles for hosiery industry

Textile is one of the largest and fastest growing industries in India. It is expected to grow from $126 billion in 2015 to $200 billion by 2020. “Despite positive statistics, the state of domestic hosiery industry is not very optimistic,” says Jyoti Jain, Jt Managing Director, TT, adding, “The scenario is very bleak and unpromising at present as...

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Business

TT Q1 sales up 23 percent, profit soars by 103 percent

TT, announced its Q1 results for the fiscal year 2015-16 where its turnover increased from Rs 152.74 crores in the first quarter of 2014-15 to Rs 187.33 crores. Net profit increased from Rs 0.76 crores to Rs 1.56 crores a rise of 23 percent and 103 percent in top line and profits respectively. Commenting on the strong performance, managing...

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Fashion

TT bags ‘India’s Most Promising Brands 2015’ award

With an excellent understanding of customers’ behaviour, innerwear brand TT has always been in tune with buyers’ capacity to spend. To honour the brand’s popularity in India, World Consulting & Research Corporation (WCRC) has conferred the title of ‘India’s Most Promising Brands 2015’ to TT. Commenting on this hounour Sanjay Jain, Managing...

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Business

TT eyes 10 to 15 percent growth this winter

Despite the fact that winters are shorter and less cold, brand TT continues to anticipate a 10 to 15 percent rise in its business in both value and volume terms. “This year we are hoping to touch Rs 800 crore as turnover as it was Rs 735 crores last year. Given the pace we have got over others, next couple of years will see us touching the Rs...

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Fashion

Big apparel houses set their eyes on online retail

While top e-commerce players are going all out to take the lead, well known apparel retailers, with strong offline presence are silently marching ahead with their own online strategies. Established players like Arvind, Reliance, Shoppers Stop, Madura, Raymond, Future Group and TT are busy preparing their own online platforms to sustain and...

Fashion

TT targeting Rs 1,000 cr turnover by 2015

With plans to expand its kid’s product portfolio, decade old brand, TT Textiles is looking forward to achieve a turnover target of Rs 1,000 crores by 2015. Known for its innerwear and thermal wear lines the TT brand also has sub-brands like Hotpot, Elite, Aldo and Titanic under its umbrella. Talking about the brand’s reach, Sanjay Jain, Joint...

Fashion

TT to double ad budget for better visibility, reach

TT Limited the first knitwear company to go public way back in 1990, is all set to woo its customer for the forthcoming winter season with a new incentive scheme for festive sales. As Sanjay Jain, Joint Managing Director, TT Limited, says, “For winter we shall be introducing new items to expand our range of innerwear and basic casual wear....

Apparel

TT to invest Rs 1.5 bn for expansion

New-Delhi based TT Ltd, manufacturer, wholesaler and trading company covering the entire spectrum of knits, garments and accessories, plans to double its current turnover to Rs 10 billion by 2014. For this purpose, it proposes to invest around Rs 1.5 billion towards expansion of its production capacity across its various business lines over the...

Fashion

On an expansion drive, TT sourcing for funds

TT the well known innerwear and casual wear brand is planning a major expansion drive. On the anvil is an investment of Rs 150 crores over the next two years to build new garment capacities in Tirupur and expand yarn operations in Gujarat. Apart from that they want to invest in wind energy for captive requirements and may also go in for...