Try GOLD - Free
Uniform focus helps Mafatlal Industries fashion a revival
Mint New Delhi
|August 30, 2025
The firm shut its loss-making, less-profitable businesses, and diversified into new categories
Mafatlal Industries Ltd, a 120-year-old textile company, shuttered its loss-making and less-profitable businesses while sharpening focus on its core strength of supplying uniforms, including through government tenders, to stitch a turnaround after years of indifferent financial performance.
Over the past five years, the company shut its loss-making denim division, exited contract manufacturing for overseas retail brands, reduced its workforce through voluntary retirement scheme and focused on debt repayment. It also switched to an asset-light business model, where the bulk of the textile it sold was procured through vendors, instead of in-house production. Outsourced production accounted for 95% of the firm's top line in the first quarter of FY26, as per an investor presentation.
The company also diversified into new business categories like making sanitary pads, offering digital infrastructure to schools and supplying consumer durable kits for the economically-marginalized section of the society to engineer its revival.
This story is from the August 30, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Ranjan Pai to pump ₹250 cr into Aakash
The decision follows a legal tussle over Aakash's rights issue
2 mins
November 14, 2025
Mint New Delhi
Relief in polyester user chain as govt eases quality norms
The Centre has withdrawn quality control orders (QCOs) on a wide range of polyester and petrochemical inputs, in a move that spells relief for user industries such as apparel and footwear, while raising competition from imports for local manufacturers of these key inputs.
2 mins
November 14, 2025
Mint New Delhi
Start EV push with luxury ICE car ban, suggests SC
The Supreme Court on Thursday suggested that the Centre consider banning high-end luxury vehicles with internal combustion engines (ICE) as a starting point for the transition to electric mobility.
2 mins
November 14, 2025
Mint New Delhi
Why is Sebi reining in trading call providers?
The Association of Registered Investment Advisors (Aria), in its 10 November report, flagged breaches by trading call providers (TCPs), who offer \"guaranteed\" returns. As Sebi looks to distinguish registered advisors from speculative callers, Mint explains the need for caution.
2 mins
November 14, 2025
Mint New Delhi
For the weekend Of basketball, fashion and jazz
A Mint guide to what's happening in and around the city
1 min
November 14, 2025
Mint New Delhi
Inside the pub behind 1,000 love stories
A 165-year-old tavern in Philadelphia is the US city's unlikeliest match-maker, proving in-person connections hold more power than dating apps
3 mins
November 14, 2025
Mint New Delhi
Moody’s sees India powering ahead at 6.5% through 2027
Robust internal demand, export diversification amid punitive US tariffs, and sustained infrastructure investment will help India retain its fastest-growing major economy tag for the next couple of years.
1 min
November 14, 2025
Mint New Delhi
TaMo bets on demand as core profit doubles
The firm expects strong H2 driven by GST benefits and spending growth
2 mins
November 14, 2025
Mint New Delhi
Asian Paints regains gloss in Q2
Asian Paints' domestic decorative paint volume saw double-digit growth in Q2FY26 after four muted quarters.
2 mins
November 14, 2025
Mint New Delhi
Adani arms eyes foreign debt offer of $500 mn
Billionaire Gautam Adani’s energy transmission unit is seeking to raise at least $500 million in foreign-currency debt by early next year, according to people familiar with the matter, as the company boosts infrastructure investments.
1 min
November 14, 2025
Listen
Translate
Change font size