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224	224	== Trent Consolidated June 2021 ==
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227		-August 10, 2021; Reported Consolidated quarterly numbers for Trent are:{{footnote}}https://www.moneycontrol.com/news/business/earnings/trent-consolidated-june-2021-net-sales-at-rs-491-99-crore-up-98-06-y-o-y-7311381.html{{/footnote}}
	227	+**August 10, 2021; Reported Consolidated quarterly numbers for Trent are:**{{footnote}}https://www.moneycontrol.com/news/business/earnings/trent-consolidated-june-2021-net-sales-at-rs-491-99-crore-up-98-06-y-o-y-7311381.html{{/footnote}}
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229	229	Net Sales at Rs 491.99 crore in June 2021 up 98.06% from Rs. 248.41 crore in June 2020.
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233	233	EBITDA stands at Rs. 9.67 crore in June 2021 up 113.99% from Rs. 69.11 crore in June 2020.
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235		-Recent developments
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237		-14 stocks to benefit from Cabinet nod to Rs 10,683-crore PLI scheme for textile sector
	236	+= Recent developments =
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239		-[[https:~~/~~/www.moneycontrol.com/news/business/markets/14-stocks-to-benefit-from-cabinet-nod-to-rs-10683-crore-pli-scheme-for-textile-sector-7448481.html>>url:https://www.moneycontrol.com/news/business/markets/14-stocks-to-benefit-from-cabinet-nod-to-rs-10683-crore-pli-scheme-for-textile-sector-7448481.html]]
	238	+**14 stocks to benefit from Cabinet nod to Rs 10,683-crore PLI scheme for textile sector**{{footnote}}https://www.moneycontrol.com/news/business/markets/14-stocks-to-benefit-from-cabinet-nod-to-rs-10683-crore-pli-scheme-for-textile-sector-7448481.html{{/footnote}}
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241	241	September 09, 2021 The Union Cabinet at a meeting on September 8, approved a production-linked incentive (PLI) scheme for the textiles sector. The five-year scheme offers Rs 10,863 crore to the synthetic or man-made fiber (MMF) and so-called technical textiles segments.
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243	243	The scheme that will provide incentives for the production of these products is expected to create 750,000 new jobs and help Indian textile producers switch from cotton textiles to the new products that account for two-thirds of the global textile manufacturing, textiles minister Piyush Goyal said on Wednesday.
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	244	+
245	245	The package is expected to boost the textile sector; it will not only promote high-value MMF fabrics and apparel as well as technical textiles, but also encourage industry to add more capacity and reinforce its workforce.
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247	247	Man-made fibers are produced by humans through chemical synthesis as opposed to natural fibers that are directly derived from living organisms.
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251	251	Technical textiles are a futuristic segment of textiles used  in a vast array of applications such as agriculture, roads, railway tracks, military purposes and disaster management.
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253	253	"The textile industry indeed has a tremendous potential and this PLI was long due, the country has abundant resources of raw materials and industrial setup with required labour. This Incentive scheme is expected to further benefit and optimise the firms," said Gaurav Garg, head of research at CapitalVia Global Research.
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255	255	The incentive plan has been designed in such a way that the new and increased investments and capacity building in man-made fibres is rewarding. Tax rebates and refunds are expected to aid manufacturers and increase the competitiveness of Indian textile products in markets across globe.
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259	259	It will support other related textile domains that will lead to economies of scale and make India an integral part of the global supply chain, said Rajiv Kapoor, Vice-President at Trustline, a securities firm.
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261		-Stocks to benefit from PLI scheme
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	263	+**Stocks to benefit from PLI scheme**
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263	263	The scheme is expected to benefit organised players in the textile, apparel and retail segments, said Garg of CapitalVia Global, adding that it would boost Trent, Raymond Group and KPR Mill.
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265	265	Trent had seen decent sales growth and return on equity (ROE) until FY20 but could not keep it up in FY21 due to onslaught of the Covid-19 pandemic. With the opening up of the economy and normalization by way of vaccination, the stock is expected to benefit.
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267		-References
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	270	+= References =
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269	269	{{putFootnotes/}}