Home / Knowledge / News / Textiles / Healthy start to the financial year, S Kumars
Healthy start to the financial year, S Kumars
13
Aug '10
Textile and apparel major S Kumars Nationwide Limited (SKNL), has recorded net sales of Rs. 11,911.5 Mn (Rs 7,109.6 Mn), an increase of 67.5%.

Earnings before Interest, Depreciation, Taxes and Amortization (EBIDTA) increased by 39.3% to Rs. 2,255.1 Mn (Rs. 1,619.2 Mn). Net profit (before minority interest) was up 25% to Rs. 771.9 Mn (Rs. 617.5 Mn). Net Profit after minority interest was at Rs. 627.1 Mn.

One of the highlights of the performance in the quarter is the contribution of international businesses to the total revenue. At Rs. 3,290.4 Mn, international business contributed about 28% of the total sales for the quarter. The International business has turned EBITDA positive and has contributed 8% to the overall EBITDA of the Company

Other operational highlights:
• In the domestic market, Belmonte and Reid & Taylor were key drivers for overall revenue andearnings growth
• Initiatives taken at strengthening the distribution network in both Tier 1 & 2 cities opening upof more Exclusive Brand Outlets and Multi Brand Outlets drive the performance for Reid &Taylor in its segment
• “World Player” - brand catering to the economy segment, introduced in South India
• There has been volume improvement in key SBUs like Consumer Textiles, Luxury Textiles, andTotal Wardrobe Solutions (TWS)
• The joint venture with DKNY for the global menswear licence of the DKNY brand is expected tocontribute to revenues in the coming quarters.
• The Baruche Superfine Cottons - 12.75 million meters per annum state-of-the-art HVFC facilityhas started delivering results as the operations stabilized during the quarter.

Commenting on the performance for Q1 FY 2011 Mr. Nitin S. Kasliwal, Managing Director and Vice Chairman of SKNL said,

“I am happy to announce that all our SBUs including international businesses have made a healthy start to the financial year. A clear focus on catering to all economic strata of society, delivering in accordance with the current market trends and making strategic acquisitions globally has reinforced our market position as a global player in the Branded Apparel Segment and in-turn contributed substantially to our top-line and bottom-line.

Our Consumer Textiles, Luxury Textiles and Total Wardrobe Solutions segments continue to contribute substantially to revenues. We have launched a new brand “World Player” in the economy segment of the Ready-to-Wear market, in South India and it has been very well received. We expect volumes to improve and eventually margins for this brand, as we spread across India. We also plan to launch “Kruger” in the Casual Premium segment, towards the end of this financial year.

Having made strategic international acquisitions, we are now focusing on capitalizing and deriving value from the back-end and front-end synergies. Our International business has turned EBITDA positive and we expect greater contributions in the coming quarters.


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Riddhi Jain

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

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Priya Somaiya
Usha Social Services

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

Wendell Rodricks
Wendell Rodricks

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

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