Home / Knowledge / News / Textiles / Mandhana posts sharp jump in profits
Mandhana posts sharp jump in profits
26
May '11
Mandhana Industries Ltd., a leading manufacturer of textiles and garments, has reported a sharp 53.80 percent jump in net profit for fiscal 2010-11. The company's revenue rose by 33.96 percent during the same period.

For the quarter ended March 2011, the company reported a profit of Rs. 174.7 million compared to Rs. 148.4 million during the same period a year earlier, showing an increase of 17.73 percent.

During the quarter, the net sales of the company rose by 57.88 percent to Rs. 2.94 billion compared to Rs. 1.86 billion for the corresponding period of the previous fiscal.

The company has recently expanded its weaving facilities and its 'Being Human' retail stores are expected to roll out by December 2011.

The company's new garment factories at Tarapur and Baramati are also expected to become operational in the next financial year.

Thus, Mandhana Industries is “well poised to take a further leap”, according to Mr. Manish Mandhana, the Managing Director of the company.

Mr. Mitesh Shah, Vice President, Finance & Corporate Affairs explains, “We have been partially successful in balancing the margins due to higher sales realizations because of our cutting edge in designing and a wide range of products, both in fabrics and garments.”

“We have also put in place a better mechanism to systematically hedge our foreign currency exposures. From now, our endeavor shall be to improve the operating margins through efficient and economical procurement practices”, he said.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

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

Sanjukta Dutta
Sanjukta's Studio

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

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:
May 2017

May 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