Home / Knowledge / News / Textiles / Q1: an improved opening for Vardhman
Q1: an improved opening for Vardhman
12
Aug '09
Vardhman Textiles Ltd, a major integrated textile producer in India manufacturing and marketing yarns, fabrics, sewing threads, fibre and alloy steel, has declared its quarter one financial results early this month.

The results reflect improvement. Speaking to News team at Fibre2fashion, offering his stance on the performance of his company in the fiscal 2009-10 start, the CFO of Vardhman, Mr Rajeev Thapar said, “The first quarter results of Vardhman reflects improvement due to better realization in yarn segment because of increase in raw material prices and demand supply situation” Due to this, rise can also be seen in operating profit margins by nearly 4% this Q1FY10, according to Mr Thapar.

Netsales of the company show growth trend by 10% increase when compared to last year same quarter. Explaining reasons for this, he added, “Overall, sale of yarn and Fabric has increased compared to Q1FY09 and is also the full impact of new plants which was not there last year in same quarter. Better sale realization and higher production has helped in growth of sales in textiles division.”

When inquired, if the economy is slowly recovering? Mr Thapar skeptically replied, “To some extent it may be, but sustainability is still in doubt you see!” He also showed disappointment with the union budget by commenting, “We just don't find any tangible benefit coming out of the budget but the things are other way round.”

At leave-taking, our team also asked Mr Thapar about his company's strategic plans for the year through. “Vardhman has entered into a joint venture with a Japanese company for manufacture of shirts in India, and the said project may come up towards the end of this fiscal or early next year,” he shared candidly.

Click here to view Q1 June2009.

Vardhman Textiles Ltd


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

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

Lynda Kelly
Suominen Corporation

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin
Chapurin

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search