Home / Knowledge / News / Apparel/Garments / India's fashion house Bhartiya Q2FY14 sales up 46.28%
India's fashion house Bhartiya Q2FY14 sales up 46.28%
12
Nov '13
Bhartiya International Limited, India’s leading fashion and lifestyle house, announced 46.28% increase in Net Sales at Rs 105.57 crore in Q2FY14 from Rs 72.17 crore in Q2FY13. 

Highlights:

Q2FY14 vs. Q2FY13 Performance:

- Net Sales at Rs 105.57 crore vs. Rs 72.17 crore, up 46.28 %
- Net Profit at Rs 4.63 crore vs Rs 3.87 crore, up 19.67%
- EBIDTA at Rs 8.57 crore vs Rs 6.81 crore, up 25.84%
- Basic EPS at Rs 4.19 as against Rs. 3.50

6MFY14 vs. 6MFY13 Performance:

- Net Sales at Rs 173.42 crore vs. Rs 115.02 crore, up 50.77%
- Net Profit at Rs 6.76 crore vs Rs 5.56 crore, up 21.47%
- EBIDTA at Rs 13.64 crore vs Rs 10.89 crore, up 25.27%
- Basic EPS at Rs 6.11 as against Rs. 5.03

Net profit rose 19.67% to Rs 4.63 crore for the quarter ending September 2013 as against Rs 3.87 crore during the same period in the previous fiscal.

Operating profit (EBIDTA) was Rs 8.57 crore as against Rs 6.81 crore during the same period last year.

Earnings per share (not annualized) for the quarter stood at Rs 4.19.  Leather products business was up 41.13% at Rs. 95.91 crore and textile segment rose 129.34% to Rs. 9.66 crore. 

Net Sales for the first six months of FY 2014 stood at Rs 173.42 crore as against Rs 115.02 crore reported in the same period of FY 2013, an increase of 50.77%. The Net Profit for the six months ending September 2013 was Rs 6.76 crore as against Rs 5.56 crore during the same period in the previous fiscal. 

Operating profit (EBITDA) for six months of FY 2014 was Rs 13.64 crore, 25.27% higher compared to Rs 10.89 crore, a year ago.

Earnings per share (not annualized) for 6 months of FY 2014 stood at Rs 6.11.

Commenting on the company’s performance, Mr. Snehdeep Aggarwal, Founder & Chairman, Bhartiya International Ltd said, “We have been able to deliver good set of numbers in the quarter owing to our leather and textile business. Going forward, we aim to explore the US markets and strengthen our footprint in the European markets.

In our realty project, we are happy to inform that the construction of apartments has already begun and we hope to deliver luxury centric homes to our customers at the promised time. We have been able to sell around 1900 apartments in Bhartiya city.”

About Bhartiya International Limited (BIL)

Bhartiya International Ltd (BIL), the flagship company of the Bhartiya Group, is India’s leading fashion house with 3 lines of business- leather garments, fashion accessories and textiles. The company listed on BSE and NSE, is the largest player in leather garment for the last 15 years and added two new lines of business in the last few years i.e.

Fashion accessories and textile. Bhartiya derives the majority of its revenues from exports to European countries. Its constant focus on quality and design has resulted in a strong client base in Europe and it is the only vendor in Asia for some of the major global brands.

Bhartiya International Limited


Must ReadView All

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Textiles | On 21st Jul 2017

GST hits carpet industry, 5,000 units may shut down: CEPC

The handmade carpet industry has been affected badly following the...

Textiles | On 21st Jul 2017

Indonesia’s textile exports grow by small percentage

A small 0.62 per cent year-on-year (y/y) growth has been observed in...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

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

Madhu Jain
Madhu Jain

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X