Home / Knowledge / News / Textiles / Strong volume growth in linen segment - ABNL
Strong volume growth in linen segment - ABNL
Aug '11
Aditya Birla Nuvo Limited (ABNL), a US$ 4 billion conglomerate, which has a leadership position across its businesses, reports robust earnings growth.

• Revenue grew by 24 per cent from Rs. 3,857 crore to Rs. 4,767 crore
• Strong growth in EBITDA for the 10th consecutive quarter
• Net profit surged by 70 per cent from Rs. 149 Crore to Rs. 253 Crore

Dr Rakesh Jain, Managing Director, said, “Aditya Birla Nuvo continued its profitable growth journey having strengthened market positioning and delivered robust growth across its businesses. We remain focused to capture opportunities across the businesses to achieve the next higher level of growth.”

Mr Sushil Agarwal, Whole Time Director and CFO, said, “Continuous pursuit of profitable growth across the businesses is reflecting in the strong financial results. Earnings displayed strong growth trend for the 10th consecutive quarter. We are committed to maintain this trend of superior performance while creating value for all the stakeholders.”

Madura Fashion & Lifestyle, the largest premium branded apparel player in India, achieved a robust 39 per cent year on year growth in revenue at Rs.484 crore. Madura posted a strong 39 per cent volume growth despite the rise in apparel prices. Apparel prices were increased to pass on rise in cotton prices and levy of excise duty. EBITDA grew by 27 per cent to Rs. 24 crore. Increase in volumes and prices compensated for cost push and higher discounting.

The retail channel attained 43 per cent growth driven by same stores sales growth and expanded retail space. Like to like stores sales grew year on year by 16 per cent. Madura launched 70 Exclusive Brand Outlets (EBOs) to reach 948 EBOs spanning across 1.4 million square feet.

In the Textiles business, strong volume growth in the linen segment and improved realisation across all the segments augmented earnings growth. A 32 per cent volume growth and higher power sales in the Carbon Black business also contributed. Higher urea and agri-input sales in the Agri-business supported earnings growth. In first quarter of the previous year, the urea plant was under an annual maintenance shut-down for 21 days.

In the Rayon and Insulators businesses, higher input and fuel costs were partly set off by increase in realisation.

ABNL has a strong standalone balance sheet with Net Debt to Equity at 0.57 and Net Debt to EBITDA at 3.2.

Aditya Birla Nuvo is a US$4 billion conglomerate. Over the years, it has built successful ventures into the sunrise sectors viz., Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Telecom, Fashion and Lifestyle and IT-ITeS. The razor sharp focus on manufacturing businesses has made it a leading player in Agri-business, Carbon Black, Insulators, Rayon and Textiles sectors.

Aditya Birla Nuvo is part of the Aditya Birla Group, a US$35 billion Indian business group having multinational presence. The group operates in 33 countries across the globe, is anchored by an extraordinary force of 133,000 employees belonging to 42 nationalities and derives more than 60 per cent of its revenue from its overseas operations.

Aditya Birla Nuvo Limited (ABNL)

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler

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

Madhu Jain
Madhu Jain

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

Tony Ward
Tony Ward

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 2017

February 2017

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


Browse Our Archives


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