Home / Knowledge / News / Textiles / Alok Industries: Q4 shows uptrend; eyes retail expansion
Alok Industries: Q4 shows uptrend; eyes retail expansion
07
May '09
It has been almost a half year now the industry is confronting with economic catastrophe world-over. Finance arms of the companies and the economy planners have been busily engaged addressing the cascade of issues viz finance crisis, regulatory/legislative changes, business interruption, increasing competition, commodity price risk, cash flow/liquidity risk, distribution or supply chain failure, etc. At the rear of such a situation, the bygone financial year 2008-2009 ended for companies domestical as well as global, leaving them with outcomes proportionate to the decision and strategies they have applied during this year.

In recently announced results of one of the leading textile players of India: Alok Industries Ltd, Net sales for Q4- FY09 grew by 25.33% to Rs. 908.39 crore and Operating Net Profit rose by 16.76% at Rs. 71.19 crore.

In an exclusive colloquy with fibre2fashion.com team, Mr Sunil Khandelwal, CFO, Alok Industries Ltd, retrospects the success factors for this bygone fiscal year and divulges on strategic plannings for following year as he addresses a few questions as below:

F2F: Let us begin talk with a retrospection on bygone financial year; what according to you were some crucial decisions for your company?

Mr Khandelwal: The company's strategy to expand / modernise its capacities in view of removal of quotas, during the last four years, has helped in building large capacities with backward and forward integration.

The vendor consolidation happening in US and Europe has increased the number of orders / enquiries to the company. Because of our economies of scale and competitiveness, it would be difficult for any vendor sourcing from India to ignore ALOK.

The company's decision to diversify into technical textiles / work wear fabrics, which has applications in Defence, Oil exploration companies, hospitality industry etc. has benefitted the company.

In order to increase the product range, the company has ventured into Terry Towel. Towards the end of last financial year, the company has commenced production of Terry Towel plant. The company had launched Rights issue of Rs. 450 crores in March 2009,which has now been completed successfully. This would improve the debt equity of the company.

F2F: Net sales for Q4- FY09 grew by 25.33% to Rs. 908.39 crore and Operating Net Profit rose by 16.76% at Rs. 71.19 crore. As a CFO, how do you view this growth? Can you please enumerate about the determinants behind?

Mr Khandelwal: The strategy to expand has helped the company. The additional capacities added during the last year and backward integration into spinning unit,diversified product range are the major factors in increasing the sales and profit.


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh P Bagrecha

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

November 2017

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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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