Home / Knowledge / News / Textiles / Rupee depreciation boosts Damodar Industries' topline
Rupee depreciation boosts Damodar Industries' topline
Jan '14
Damodar Industries witnessed a 50 per cent growth in net sales during quarter ended September 2013, driven by robust export revenues amidst increased demand for the value-added yarn from China and rupee’s depreciation against the US dollar.

The company, one of the largest producers of value added yarns in India with 6 manufacturing facilities, saw its net sales surging to Rs 189.34 crore in Q2 FY14 from Rs 125.11 crore in the corresponding period of last fiscal. The company currently exports to over 40 countries across Europe, South Africa, South America, Australia, Korea, Belgium, Singapore, Italy, Egypt and the Gulf countries.

Damodar’s net profit also registered a growth of 58.5 per cent in the quarter at Rs 5.3 crore versus Rs 3.34 crore in the year ago period. In line with the topline growth, EBITDA also grew by 44 per cent during the period at Rs 16.3 crore as against Rs 11.35 crore in the corresponding quarter of previous fiscal.

Thanks to sky-high labour costs in China, value-added yarn makers in India have been witnessing robust growth in demand from the East Asian country. Indian yarn exports have jumped by around 68 per cent in previous eighteen months.

Rising input costs however weighed upon Damodar Industries’ EBITDA margin in the Jul-Sep quarter. The company’s EBITDA margin dropped to 8.6 per cent from 9.1 per cent in the year ago period, as prices of key raw materials like PTA and MEG increased sharply.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search