Globe Textiles (India) Ltd has announced plans to demerge its online business vertical, comprising fashion brands IndigenX and Orijean, into a separate entity. The move is aimed at streamlining operations and unlocking value in its digital-first consumer segment, while reinforcing its commitment to core textile manufacturing and exports.
Key Highlights:
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The demerger will separate Globe’s e-commerce and D2C fashion operations from its traditional textile business, allowing each to pursue independent growth strategies.
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IndigenX and Orijean, known for their denim and ethnic wear collections, have gained traction on platforms like Flipkart, Amazon, and Myntra.
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The new entity will focus on scaling digital marketing, influencer collaborations, and expanding product categories including jackets, shirts, and children’s wear.
Strategic Context:
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Globe Textiles has a strong manufacturing base with over 2.5 lakh sq ft of infrastructure and a capacity of 36 million metres of fabric and 2.5 million bottoms annually.
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The company recently acquired Globe Denwash Pvt Ltd to enhance its denim washing capabilities and sustainable processing, including Zero Liquid Discharge certification.
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The demerger aligns with Globe’s forward integration strategy, enabling sharper brand positioning and better investor visibility for its online ventures.
Market Outlook:
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Analysts expect the move to improve operational efficiency and attract targeted investments in both segments.
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Globe’s 10-year CAGR of 13% in revenue and net profit underscores its resilience and adaptability in a competitive textile landscape.
Sources: Globe Textiles Annual Report, Indian Textile Journal, Economic Times, Retail ET, Bloomberg Markets (July 2025)