The initial study of the financial performance for these large companies for the quarter ended June 2013 shows positive trends. The aggregate gross sales of 18 large textile-apparel manufacturers for quarter ended June 2012 was Rs. 9658 crore, which has increased by 15.65% to Rs. 11163.86 crore for quarter ended June 2013.
This is considerably higher growth in comparison with other industries like automobile, steel, & infrastructure industries.
Companies like Arvind, Vardhman Textile, Kewal Kiran, Mandhana, Page Industries, Mafatlal & SEL manufacturing have registered more than 25% growth in their operating income for the quarter ended June 2013.
Operating Income of Alok Inds. has gone up by more than 23% for the June’13 quarter. Alok Industries’s sales for quarter ended June 2013 is Rs. 2995 crore & operating profit is Rs. 892 crore. The Company has exported Rs. 725 crore worth of goods consisting of woven, home textiles & polyester yarn. Turnover from woven business of Alok has increased by whopping 72 % year on year.
On the other hand, denim giant Arvind has continued with its growth momentum and is doing exceedingly well. Arvind’s sales have gone up by 28% for the June’13 quarter. Major revenue growth area is brands & retail with 34% growth & very significant jump in profitability. Management at Arvind in their outlook for 2013-14 expect 20% growth for the entire 2013-14 financial year owing to good growth potential in brands & retail segment as well as strong international demand.
SEL Manufacturing is another star on the horizon which has registered a operating income of Rs. 1093.22 crore during the quarter ended 30th June, 2013 as against Rs. 583.46 crore in the corresponding quarter last year, thereby registering a growth of 87.37%.
Operating profit has increased from Rs.107.41 crore during the first quarter of financial year 2012-13 to Rs. 183.04 crore during the quarter ended 30th June, 2013, showing an increase of 70.41%. SEL is reaping benefits of timely execution of its expanded capacity.
Aditya Birla’s 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 Fashion and Lifestyle has posted 25 per cent revenue growth.
Textiles | On 16th Jan 2017
India’s annual rate of inflation, based on monthly wholesale price...
Apparel/Garments | On 16th Jan 2017
The European Commission (EC) has proposed that a significant part of...
Textiles | On 16th Jan 2017
Producing contamination free cotton is the biggest task for the...
Hindoostan Innovation Centre
‘Modern technical textile is an indispensable tool for science and...
‘RT3 motto is: Do not check millimetres, check colours.’
‘New vendor is welcome if he offers cost, quality and timely delivery’
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
"We should not compare India and the West. There are things we do that...
"Now we can see the Russian trend in international fashion. And Russian...
Textiles | On 13th Jan 2017