Home / Knowledge / News / Apparel/Garments / Provogue profit rises 25% in FY'11
Provogue profit rises 25% in FY'11
02
Jun '11
Provogue, a popular apparel brand, has recorded, on a standalone basis, a jump in net profit by 17.81 percent to Rs. 334 million for the year ended March 31, 2011 from Rs. 283.5 million during the previous fiscal year. Net sales also jumped to Rs. 5.5 billion from the previous fiscals' Rs. 4.65 billion, showing a rise of 18.26 percent.

However, due to loss in its subsidiary holdings, the company's consolidated net profit works out to Rs. 261.7 million for the year ended March 31, 2011, an increase of 24.67 percent against Rs. 209.9 million for the previous fiscal year. During fiscal 2010-11, the company's net sales increased to Rs. 6.61 billion from Rs. 4.74 billion achieved during the previous fiscal, a sharp increase of nearly 40 percent.

Segment-wise, on a consolidated basis, the company's textile business grossed revenue of Rs 5.86 billion during the fiscal, as against Rs. 4.89 billion in the previous fiscal.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

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

Urs Stalder
Sanitized AG

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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

Yes No

Active Poll

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

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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

Active Poll

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

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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