Home / Knowledge / News / Apparel/Garments / Aditya Birla Nuvo reports results for Q4
Aditya Birla Nuvo reports results for Q4
01
May '08
Aditya Birla Nuvo continued its growth journey during the year. All the businesses are progressing well on the designed path.

• Consolidated revenues grew by 45 per cent from Rs. 8,366.8 crore to Rs. 12,134 crore
- Growth businesses contributed 75 per cent to the consolidated revenues
• Standalone revenues grew by 15 per cent from Rs. 3420.5 crore to Rs. 3924.2 crore and net profit rose by 8 per cent from Rs. 225 crore to Rs. 243.1 crore
• Consolidated net profit was lower by 46 per cent from Rs. 280.9 crore to Rs. 150.8 crore

The company's standalone revenues during the year grew by 15 per cent to Rs. 3,924.2 crore vis-à-vis Rs. 3,420.5 crore achieved in the preceding year. The carbon black, insulators and rayon businesses posted the highest ever annual revenues.

The company's consolidated revenues during the year are up by 45 per cent at Rs. 12,134 crore vis-à-vis Rs. 8,366.8 crore achieved last year. Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, grew by 66 per cent to Rs. 8,209.8 crore from Rs. 4,946.3 crore. All the businesses are on the growth trajectory.

• In the garments business, revenues rose by 24 per cent to Rs. 1,025.8 crore from Rs. 830.4 crore. 115 new exclusive brand outlets (EBOs) were launched taking the controlled retail space to 5.1 lakh square feet across 253 EBOs. Two new subsidiaries were launched for bolstering presence in the large format apparel retailing space.


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nuno Venda
ROQ

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

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Steve Cole
Xerium Technologies

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
June 2017

June 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