Home / Knowledge / News / Textiles / Madura Fashion posts 25% growth in Q1 FY'14 sales
Madura Fashion posts 25% growth in Q1 FY'14 sales
09
Aug '13
Amidst the challenging macro-economic scenario, Aditya Birla Nuvo Limited (ABNL) has posted strong earnings growth. The company is competitively well positioned in most of its businesses.

-Revenue grew by 8 per cent from Rs. 5,745 crore
-EBITDA surged 28 per cent Rs. 1,174 crore
-Net profit is up by 24 per cent Rs. 331 cror

Business-wise review

Fashion & Lifestyle

-Fashion and Lifestyle business recorded revenue of Rs. 1,294 crore and EBITDA of Rs.71 crore.
-It expanded its retail presence to 1,518 exclusive brand outlets/stores, spanning nationwide across 3.8 million square feet.  It is also serving customers through more than 4,750 multi brand outlets.
-Madura posted 25 per cent revenue growth, led by stores expansion and 14 per cent like-to-like stores sales growth. It is generating strong free cash flows, driven by improved earnings and working capital turns.
-Pantaloons are investing in strengthening its retail presence, brand positioning and merchandise. It launched 2 new stores during the quarter.
-To strengthen its domestic market leadership, Jaya Shree has expanded its linen yarn capacity from 2,300 tonnes per annum to 3,400 tonnes per annum. Linen fabric capacity expansion is targeted by the end of calendar year 2013.

Manufacturing 

-Revenue of Agri, Rayon and Insulators businesses augmented year on year by 23 per cent to Rs. 787 crore.
-EBITDA de-grew from Rs. 92 crore to Rs. 85 crore due to breakdown in the urea plant.
-The new VFY capacity, which is being ramped up currently, will help in enhancing the product quality and range, especially in superfine segment.
 
Click here to view the full report 

Aditya Birla

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Karan Toshniwal
Orange O Tec

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

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kevin Nelson
TissueGen

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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