Home / Knowledge / News / Textiles / Arvind records Rs 200 mn as Q1 profits
Arvind records Rs 200 mn as Q1 profits
02
Aug '10
For the quarter ending June, India's biggest denim manufacturer Arvind recorded a profit of Rs 200 million as compared to loss of Rs 30 million, which was recorded in the same period last year.

Branded garments and their retails business segments have been the driving force behind this growth, which witnessed 66 percent growth in revenue and 103 percent increase in operating profits.

Further more, with the help of an investment of Rs 1 billion, the firm is planning to improve its production capacity in both denim and woven fabric sectors by 16 million metres. The hiked capacities are likely to turn operational from the third quarter of FY11.

Overall profit of the firm stood at Rs 190 million for the quarter that ended in June as compared to Rs 90 million, registered last year in the same period, indicating rise of 108 percent.

The firm's combine earnings rose by 11 percent during the first quarter of FY11 at Rs 8.65 billion from Rs 7.81 billion recorded during the same period last year.

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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