Home / Knowledge / News / Apparel/Garments / Provogue profit rises 25% in FY'11
Provogue profit rises 25% in FY'11
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

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Leisure sneakers lead US footwear sales: The NPD Group

Apparel/Garments | On 21st Jun 2018

Leisure sneakers lead US footwear sales: The NPD Group

Leisure sneakers dominated US footwear sales between May 2017 and...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson

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

Paolo Ocleppo
Sandvik Hyperion

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search