Home / Knowledge / News / Textiles / S.Kumars' luxury textile segment grows
S.Kumars' luxury textile segment grows
May '10
S.Kumars Nationwide Limited (SKNL), a leading brand-led conglomerate engaged in design, manufacturing, marketing and distribution of high quality fabrics, ready-to-wear garments and home textiles has announced its results for the year ended 31 March, 2010.

Financial performance highlights FY 2010: (All figures are consolidated unless stated otherwise)

• Net income from operations enhances by 69.6% to Rs. 38,609 million from Rs 22,762 million
• EBIDTA increases 58.5% to Rs. 7,734 million from Rs. 4,881 million
• Net profit (before minority interest) up 42.1% to Rs. 2,773 million compared to Rs. 1,951 million
• Net Profit after minority interest at Rs. 2,290 million
• Basic EPS after minority interest at Rs. 9.68

Operational Performance Highlights FY 2010:

• Domestic businesses deliver robust revenue and margin growth
• HMX business turns EBIDTA positive
• Entered into Joint Venture with DKNY for the global menswear licence of the DKNY brand
• Changing product mix in favour of garments, which is lean on working capital
o FY 2009 Garment to Fabric ratio was 11:89
o FY 2010 Garment to Fabric ratio is 25:75
• Ongoing process of achieving back end and front end synergies with international businesses

SKNL has delivered positive financial and operating results for FY2010. The company's focus to cater to all socio economic segments along with capabilities of creating diversified brand portfolio has made it possible to achieve such a buoyant result. Despite the economic slowdown the company was focused to strengthen its brand and product portfolio. Adverse economic conditions made the company rework its strategies and strengthen execution in areas of branding, designing, marketing and distribution-led activities. Domestically, the Company has a strong set of brands catering to all socio-economic segments in the branded garment and fabric space. Internationally, with the recent acquisition of Hartmarx (now HMX Corp.), the largest men's tailored clothing Company in America, SKNL now has access to an array of leading international brands including Hickey Freeman, Bobby Jones, Hart Schaffner Marx, Exclusively Misook, Austin Reed, Monarchy amongst others.

In the financial year under review, SKNL's net sales grew 69.6% to Rs. 38,609 million from Rs. 22,762 million. This growth in sales was driven by volume enhancement across brands. Starting August 7, 2009 the financial performance of HMX has also been consolidated in the Company's results. This contributed to the enhancement of revenues in FY2010. Overseas subsidiaries contribution in the total sales of the Company was Rs 7,144 million. Sales for the luxury textile segment, which comes under Reid and Taylor fabrics, grew by about 41.5%. Ready-to-wear garments contributed strongly with a 58.8% increase in sales over the last year. This healthy improvement in garment sales was driven by volume increment in Reid & Taylor and Belmonte brands. Driven also by volume expansion across product categories, sales in the consumer textiles division grew by over 45.9%. Baruche Superfine Cotton - 12.75 million meters per annum state-of-the-art BSFC facility is stabilized. Sales in the BSFC division are poised to grow as Core product lines are synergised through Backward-forward integration strategy with Leggiuno, Italy.

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amit Jain
Shingora Textiles Ltd

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

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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