Home / Knowledge / News / Textiles / Strong volume growth in linen segment - ABNL
Strong volume growth in linen segment - ABNL
19
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 minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair ‘VASTRA 2017’, in Jaipur. Courtesy: PIB

Textiles | On 22nd Sep 2017

Placement rate in textiles sector is 70%: Indian minister

The recent high growth of foreign direct investment (FDI) in the...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

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

Kevin Nelson
TissueGen

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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