Home / Knowledge / News / Textiles / Ciel Textiles clocks robust growth in Q1
Ciel Textiles clocks robust growth in Q1
Dec '13
Mauritius-based clothing firm CIEL Textiles witnessed double-digit growth in first quarter profits as a result of good order books, improved international operations and rise in in seasonal sales of knitwear. Whilst all clusters and countries contributed positively to this year’s result, most of its profitability was generated from its international operations.

Despite not very supportive economic environment, CIEL Textile Limited (“CTL’’) managed to grow its profitability by 12.2 per cent to 171.821 million rupees in the first quarter of FY 2013-14 ended September 30, 2013, driven by international operations and surge in seasonal sales of knitwear.

In the first three months of fiscal 2012-13, CTL, the supplier to British clothing retailers Marks and Spencer, Next and Zara, posted a net profit of 153.374 million rupees.

CIEL Textile exports approximately 60 per cent of its production to Europe, 25 per cent together to India and South Africa and 15 per cent to USA. The improvement in global operation gives an indication that company’s “Internationalisation Strategy” has started to pay off and continuous progress is being achieved on internal operational excellence of most of its operations in Mauritius, Madagascar and India.

The world’s second largest woolmark knitwear supplier reported a sales growth of 11.78 per cent as revenue reached 2,770.98 million rupees in the first quarter of the current financial year from 2,478.78 million rupees in the same period a year ago.

CIEL Textiles’ impressive earnings growth comes even when its operational units in Madagascar was affected by a prolonged political turmoil in the Indian Ocean island.

Commenting on earnings, Ciel Textiles said it expected profit growth to be sustained throughout the first quarter of the financial year, thanks to good order books and improved operational efficiencies. At the same time, company said it is closely monitoring the political situation in Madagascar.

The company is hoping that its healthy order-books and superior operational capacities will help CTL in posting solid revenue growth in the first half of the fiscal year. 

Fibre2fashion News Desk - India

Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Lynda Kelly
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

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

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


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search