Loyal Textile Mills, a well-known Tamil Nadu-based textile manufacturer, has initiated an important restructuring and consolidation of its operations, readdressing its focus toward high-value technical textile garments amid delayed global demand headwinds and underutilised capability.
Technical textiles, recognised for their well-designed applications across industries, continue as a flexible and high-growth segment. Valli M Ramaswami, chairperson and wholetime director of Loyal Textiles, mentioned in the company’s NSE filing that the move is aimed at drumming up sustained demand in this niche sector to accelerate future growth.
To support its turnaround strategy, the company has implemented various cost-control measures and productivity enhancement initiatives, aiming to augment operational efficiency. It is also focusing on value by monetising non-core assets to reinforce liquidity. An important step was the March sale of 25 windmill units through Anuvento Renewables for Rs. 74 crore (US $ 8.92 million), a definite step towards reducing debt and sharpening focus on major textile operations.
Loyal Textiles, engaged in yarn production, woven & knitted fabrics, and technical garments, operates manufacturing plants across Tamil Nadu and Andhra Pradesh. While it reported a Q4 net profit of Rs. 39 crore (US $ 4.70 million)—increased by an outstanding gain of Rs. 63 crore (US $ 7.59 million)—the company ended FY ’25 with a net loss of Rs. 51 crore (US $ 6.14 million), as annual revenue turned down by 27 per cent to Rs. 682 crore (US $ 82.17 million) from the previous fiscal year.
