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Bombay Dyeing posts turnaround
13 Aug '10
2 min read
A top official of the Bombay Dyeing and Manufacturing Company Ltd (Bombay Dyeing), recently stated that, with measures like cost cutting and enhanced operational efficiency, the company now once again is experiencing an upturn in its performance.
Nusli Wadia, Chairman, Bombay Dyeing, while addressing the shareholders of the company during the annual general meeting in Mumbai informed that, as they have adopted measures to bring down the costs and enhance operational efficiency, and the company has recovered during the last quarter of the previous fiscal year and expressed hope that the same will continue in to the rest of the year.
The company marked an overall growth of 28 percent during the first quarter of current fiscal. He further stated that, as the losses of textile division have now reversed, there was also a significant decline in the losses of the polyester division.
The textile division is endeavouring hard to enhance its sales through enhanced marketing in local and export markets. Demand both in the local as well as overseas markets is now getting better with improving global economic scenario, he said.
Moreover, the company is also devising a strategy to boost the capacity utilisation in the polyester division. It persistently is focusing on an advantageous product range, cost cutting in operational spheres like in import of basic materials on long-term contract basis and on enhancing their contribution in the local markets so as to draw better sales realisation in general.
Nusli Wadia, Chairman, Bombay Dyeing, while addressing the shareholders of the company during the annual general meeting in Mumbai informed that, as they have adopted measures to bring down the costs and enhance operational efficiency, and the company has recovered during the last quarter of the previous fiscal year and expressed hope that the same will continue in to the rest of the year.
The company marked an overall growth of 28 percent during the first quarter of current fiscal. He further stated that, as the losses of textile division have now reversed, there was also a significant decline in the losses of the polyester division.
The textile division is endeavouring hard to enhance its sales through enhanced marketing in local and export markets. Demand both in the local as well as overseas markets is now getting better with improving global economic scenario, he said.
Moreover, the company is also devising a strategy to boost the capacity utilisation in the polyester division. It persistently is focusing on an advantageous product range, cost cutting in operational spheres like in import of basic materials on long-term contract basis and on enhancing their contribution in the local markets so as to draw better sales realisation in general.
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