Home / Knowledge / News / Apparel/Garments / SKNL's FY'12 performance reflects sound business policies
SKNL's FY'12 performance reflects sound business policies
31
May '12
S. Kumars Nationwide Limited (SKNL), a leading multi-brand conglomerate involved in the design, manufacturing, marketing and distribution of high quality fabrics and ready-to-wear garments, announced its results for the year ended 31st March, 2012.

Financial performance update: (All figures are consolidated unless stated otherwise)

FY2012 financial results highlights:


• Net Revenues from operations enhances 21.9% to Rs. 63,643 million from Rs. 52,229 million in FY2011
• EBIDTA grows 27.5% to Rs. 13,470 million from Rs. 10,565 million in FY2011
• Net profit (before minority interest) increases 20.0% to Rs. 4,708 million compared to Rs. 3,925 million in FY2011
• PAT after minority interest up 19.3% to Rs. 3,949 million compared to Rs. 3,309 million in FY2011
• Fully diluted EPS after minority interest at Rs. 13.7, up by 12.1%


SKNL has reported substantial improvement in revenues and delivered enhanced margins despite a difficult macroeconomic environment. This is testimony to SKNL's brand strength and operating efficiencies which has enabled the Company to deliver superior returns in varied environments.

Improved brand visibility, expanding product portfolio, a de-risked business model with presence across product categories and socio-economic segments, vertically and laterally integrated businesses, seamless supply chain and expansive distribution network have been key drivers of the SKNL's growth story.

SKNL's performance is reflective of sound business policies, well defined growth strategies, strong execution capabilities and a bold vision of being clothier to the nation today and to the world tomorrow.

In FY2012, SKNL's net revenues grew 21.9% to Rs. 63,643 million from Rs. 52,229 million. Visible improvements in financial and operational performance across business verticals facilitated the Company's sustained sales momentum.

During the year, EBITDA stood at Rs. 13,470 million as compared to Rs. 10,565 million, an increase of 27.5%. EBITDA Margin for the year under review grew to 21.2%. For the year, PBT increased to Rs. 6,659 million versus Rs. 5,580 million in the corresponding period last year. Net profit after minority interest for the year stood at Rs. 3949 million compared to Rs. 3,309 million for FY2011.

Commenting on the results and performance for FY2012, Mr. Nitin S. Kasliwal, Managing Director and Vice Chairman of SKNL said,

“I am pleased to share we have made noteworthy progress during the year, with both the revenue and operating profit showing growth in a sluggish economic environment. The year witnessed strategic operational developments enhancing our value proposition; as well as higher volumes and realizations across our product portfolio. 'Belmonte' and 'Reid & Taylor' continue to be principal drivers of the domestic business with robust performances. The Luxury Cotton division is growing at a steadypace benefitting from increasing utilization levels and we expect to maintain this momentum.

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search