Home / Knowledge / News / Textiles / Din Textiles sees robust growth in 2013
Din Textiles sees robust growth in 2013
Jan '14
The year 2013 was a blessing for Pakistan’s textile industry, especially for the spinners. The country’s spinners made the most out of their competitiveness over India, courtesy good production of short staple fibre. Din Textile Mills, a part of the Din Group, is on cloud nine with double-digit growth in turnover and profits despite the factors like high inflation and power outages hitting country’s industrial performance.

The company recorded a growth of 74 per cent in Profit after Tax during the first quarter ended September 30, 2013 at Rs 129.71 million versus Rs 74.63 million in the corresponding quarter of previous fiscal. Sales also improved 17 per cent to Rs 2,237.6 million from Rs 1,910.32 million in the year ago period.

Factors which contributed to the company’s success also include rupee depreciation and the monsoon which did little damage to the standing cotton crop in Sindh and Punjab.

However, the road ahead looks tough for the spinners like Din Textiles amid uncertainty over China’s cotton procurement policy which has so far prompted Chinese mills to buy large amounts of cotton and yarn from countries like Pakistan. Chinese import of cotton yarn doubled between 2008 and 2011. In 2013 too, through the month of August, Chinese mills had imported 1.37 million tons of yarn and that demand also looked set to increase further.

But now, with the rising possibility of China selling off some of its cotton stockpiles, the dark clouds have emerged over sustainability of growth momentum recorded by Pakistan’s spinners in past year. Recently released November export numbers support this speculation as it showed yarn dispatches fell sharply by 22.8 percent month on month. Pakistani spinners, who had the best of the time with Chinese cotton procurement policy, are now most vulnerable also to the same policy.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search