Home / Knowledge / News / Textiles / Nandan Denim reports revenue growth of 28.6% in Q1FY15
Nandan Denim reports revenue growth of 28.6% in Q1FY15
21
Aug '14
For the first fiscal quarter ended June 30, 2014, Nandan Denim Ltd, one of the top five denim fabric producers in India, reported revenues of Rs 263.69 crore, up 28.6 percent from Rs 205.12 crore in the first fiscal quarter ended June 30, 2013.

In the first fiscal quarter of 2014-15, EBIDTA rose by 20.3 percent to Rs 41.13 crore against Rs 34.19 crore in the first fiscal quarter of 2013-14, Nandan Denim said.

Profit after tax went up by 20.7 percent to Rs 11.47 crore in the first fiscal quarter of 2014-15 from Rs 9.51 in same fiscal quarter of 2013-14.

During the quarter ended June 30, 2014, Nandan Denim posted EBIDTA margin of 15.6 percent, and profit after tax margin of 4.35 percent.

Denim fabric exports sales rose three-fold in the first fiscal quarter of 2014-15 to Rs 45 crore from Rs 15 crore in the corresponding quarter of 2013-14.

Commercial production at the new shirting fabric unit with a capacity of 10 million meters per annum (MMPA), which started in January 2014, posted sales of Rs 35 crore in the quarter under review.

Nandan Denim is currently in the process of adding new denim fabric production capacity at an estimated cost of Rs 612 crore by installing new spinning capacity by way of backward integration and also adding new denim fabric weaving capacity.

As of June 30, 2014, the company has spent Rs 206.91 crore on the denim fabric expansion project.

Commenting on the results, Deepak Chiripal, CEO at Nandan Denim Ltd said, “Both, revenue and net profit growth has come particularly from the rise in scale of operations in the denim and shirting fabric segments and improvements in denim fabric sales realisations”.

He added, “We continue to focus on strengthening and increasing Nandan Denim’s share in the domestic as well as export markets”.

Fibre2fashion News Desk - India


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


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