Home / Knowledge / News / Textiles / Lakshmi Cotsyn undertakes capacity expansion
Lakshmi Cotsyn undertakes capacity expansion
18
May '11
The Kanpur-based Shri Lakshmi Cotsyn Ltd. has announced expansion of capacities across its various segments, including technical fabric, denim, fusible interlining fabric and terry towels.

The proposed expansion involves increasing technical textile capacity from 6 million meters to 64.5 million metres, terry towels capacity by five times to 15,000 tonnes, doubling of fusible interlining capacity to 12.5 million metres, and doubling of denim capacity to 40 million meters by September 2011.

Besides rapid capacity expansion, the company also plans to open 1,500 multi-brand retail outlets on a franchise model in fiscal 2011-12, to improve its realizations.

The dual increased focus on retailing as well as high-margin technical textile business would drive the future growth of Shri Lakshmi Cotsyn.

The company has reported an increase in net profit by around nine percent to Rs. 277 million on a year-on-year basis for the quarter ending March 2011. During the same period, the company's net sales jumped by around 14.3 percent to Rs. 4.378 billion.

After witnessing a sharp fall in the June 2010 quarter, the company's operating profitability has once again returned nearer to the year-ago level of above 16 percent.

Since technical textile business caters to high-margin business segments of the textile sector such as construction, automobile, agriculture and medicine, the scope and rate of growth in this sector is higher than home and apparel textiles.

Shri Lakshmi Cotsyn is already a market leader in technical textile segment and derives more than 32 percent of its total revenues from this business. This explains the almost 16 times expansion plan of technical textile segment.

The company will also benefit from the doubling of its home furnishing and fabrics segments which together contribute more than 28 percent to the company's total revenues. The home furnishing includes terry towels and bed sheets while the fabrics segment includes denim, bottom weight, blended, quilted, and embroidery.

Fibre2fashion News Desk - India


Must ReadView All

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 ...

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...

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

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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