Home / Knowledge / News / Apparel/Garments / Apparel exporter Gokaldas Q1 FY'14 sales surge 14%
Apparel exporter Gokaldas Q1 FY'14 sales surge 14%
07
Sep '13
Gokaldas Exports Limited (GEX) has achieved revenue of Rs. 258 Cr on a standalone basis in Q1 FY14 clocking a growth of 14% as compared to the corresponding quarter of previous year.

Demand from western economies has been weak in the backdrop of continuing sluggish economic situation prevailing in the global markets. Due to weak demand, retail prices globally continue to be under pressure affecting price realizations. In India, inflationary conditions continue to persist which is leading to rise in wages as well as other operational expenses.

In order to counter the sluggish market conditions, we have been working towards selectively expanding our customer base in export market and enhancing our domestic presence as preferred vendors. This has reflected in growth in topline in Q1 FY14, as well as strong order book position for second quarter of FY14.

This quarter has also witnessed enhanced demand patterns from Asian countries. In these challenging times, GEX has focused its effort towards aggressive cost management in addition to improvement in topline.

From a bottom-line perspective, GEX has recorded operational profit of Rs.0.46 Cr in this quarter. PBT is a loss of Rs. 16.3 Cr in Q1 FY14 as compared to PBT loss of Rs. 23.6 recorded in Q1 FY13, showing a reduction of 31%.

Company has taken steps to sharpen its focus on productivity improvement, stronger cost management measures and order profitability with a focus improving the bottom-line, which the company strongly feels would lead to improved performance in the coming quarters.

Gokaldas Exports Ltd

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search