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

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search