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Sudar Garments Q2 net sales increased by 46%
16 Nov '11
2 min read
Sudar Garments Limited, leading manufacturer and exporter of readymade garments, specialized in stylish shirts, trousers and wide range of apparel for men, women & kids, is pleased to announce its financial results for the second quarter & half year ended September 30, 2011.
The company has reported Net Sales / Income from Operations up by 46 % to Rs.3736 lakhs for the quarter ended September 30, 2011 as against Rs. 2557 lakhs for the sane period last year..With this the total revenue during the first half rose by 36% to Rs. 6727 lakhs from Rs. 4925 lakhs for the same period last year.
The company's PAT for the quarter ended September 30, 2011 was Rs. 97 lakhs and for the first half it has toched Rs. 292 lakhs.
Commenting on the financial performance of the company, Mr Murugan Thevar, Chairman and Managing Director of Sudar Garments Ltd says, 'We are witnessing good growth at present and would appreciate our team for the good job of tightening expenses while at the same time protecting investments in innovation and customer-focused approach have resulted in growth in revenues.
Further, Sudar Garments Ltd intends to have a total of 25 Retail outlets in major cities of South India. Out of these, the company proposes to open 10 own retail outlets on leased premises and balance 15 retail outlets proposed to be operated on franchisee basis. It has finalized the locations for the proposed own outlets in the Chennai city. All these retail outlets shall operate under its brand name “Sudar Garments” Glory to Glory” “St. Paul” and “Majesty”.
“The Company's growth strategy include penetration across different consumer segments and demographics through its brand, increase geographic penetration by spreading the network of exclusive brand outlets, enhance manufacturing capacities, target the growing segments, strengthen the competitive position and recognition of its brands,” emphasizes Mr. Murugan Thevar.
The promoter, Mr. Murugan M Thevar has been associated with the apparel manufacturing business since 1992 and the Company has installed capacity of 20 Lacs Pieces of garments and proposes further expansion. The company is presently manufacturing under its own brand name “Glory to Glory” and will be launching two more brands namely 'St. Paul' and 'Majesty' along with setting up of retail outlets and also brand building exercise.
The company has reported Net Sales / Income from Operations up by 46 % to Rs.3736 lakhs for the quarter ended September 30, 2011 as against Rs. 2557 lakhs for the sane period last year..With this the total revenue during the first half rose by 36% to Rs. 6727 lakhs from Rs. 4925 lakhs for the same period last year.
The company's PAT for the quarter ended September 30, 2011 was Rs. 97 lakhs and for the first half it has toched Rs. 292 lakhs.
Commenting on the financial performance of the company, Mr Murugan Thevar, Chairman and Managing Director of Sudar Garments Ltd says, 'We are witnessing good growth at present and would appreciate our team for the good job of tightening expenses while at the same time protecting investments in innovation and customer-focused approach have resulted in growth in revenues.
Further, Sudar Garments Ltd intends to have a total of 25 Retail outlets in major cities of South India. Out of these, the company proposes to open 10 own retail outlets on leased premises and balance 15 retail outlets proposed to be operated on franchisee basis. It has finalized the locations for the proposed own outlets in the Chennai city. All these retail outlets shall operate under its brand name “Sudar Garments” Glory to Glory” “St. Paul” and “Majesty”.
“The Company's growth strategy include penetration across different consumer segments and demographics through its brand, increase geographic penetration by spreading the network of exclusive brand outlets, enhance manufacturing capacities, target the growing segments, strengthen the competitive position and recognition of its brands,” emphasizes Mr. Murugan Thevar.
The promoter, Mr. Murugan M Thevar has been associated with the apparel manufacturing business since 1992 and the Company has installed capacity of 20 Lacs Pieces of garments and proposes further expansion. The company is presently manufacturing under its own brand name “Glory to Glory” and will be launching two more brands namely 'St. Paul' and 'Majesty' along with setting up of retail outlets and also brand building exercise.
Sudar Garments Limited
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