Home / Knowledge / News / Textiles / MD of Mandhana pleased with overall financial performance
MD of Mandhana pleased with overall financial performance
Feb '11
India's leading manufacturer of multidivisional textile & garment maker, Mandhana Industries Ltd, reported its quarterly profit & revenue numbers with a 13.74% rise in revenue and a massive 88.60% jump in the net profit for the quarter ended December 31st, 2010.

While the company saw its net profit touching Rs. 19.90 cr for 3rd Quarter, which is a Rs. 9.28 cr rise over the corresponding period last year, its net sales increased by nearly 13.74 percent to Rs. 215.09 cr in the reporting quarter.

The Managing Director, Mr. Manish Mandhana, Mandhana Industries Ltd. commenting on the performance said, “We are pleased with the overall financial performance for this quarter and hope that the investors are also satisfied with the growth rate maintained by the Company even amidst pressure on the margins due to soaring raw material prices. With the new weaving and garmenting capacities becoming operational in the ensuing period and also with our retail plans kicking off in the next fiscal year, we are confident of scaling further growth in sales and profitability.”

Commenting on the rise in yarn prices on the global front, Mr. Mitesh Shah - Vice President, Finance & Corporate Affairs, Mandhana Industries Ltd. feels “The yarn prices continue to be northbound consecutively for previous four quarters thereby posing a severe threat to the sustainability of our existing operating margins. However with our cutting edge in designing coupled with wide product offerings both in fabrics and garments, we have been able to achieve higher sales realisations thereby neutralising to a greater extent the impact of increase in costs. We have also evolved a better mechanism to systematically hedge our foreign currency exposures and have been successful in managing the volatility in foreign exchange rates to our advantage.“

Mandhana Industries Ltd

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

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 ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin

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

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