Home / Knowledge / News / Textiles / S Kumars profit jumps 44.5%
S Kumars profit jumps 44.5%
Jun '11
S. Kumars Nationwide Limited (SKNL), India's leading textile and apparel manufacturer, has reported a 44.5 percent increase in its net profit for the year ended March 31, 2011. The company's net profit for fiscal 2010-11 stood at Rs. 330.9 million compared to Rs. 229 million in the earlier fiscal.

While SKNL's operating profit increased 36.6 percent to Rs. 1.05 billion during the same period, its net sales increased 35.3 per cent to Rs. 5.22 billion.

The firm has also reported an increase of 6.3 percent in its net profit margin during fiscal 2010-11 compared to 5.9 percent in the corresponding period of the previous fiscal.

Due to lower cotton prices and growth in its international sales volume, the company is expecting its operating margins to rise by 2 percent in fiscal 2011-12.

The company is also expanding in domestic market, and is expecting its revenue to grow by 25-30 percent in the current fiscal ending March 31, 2012.

SKNL is also expecting to launch the Rs. 10 billion initial public offering (IPO) of Reid and Taylor in June 2011. The company holds 75.5 percent stake in Reid and Taylor, whereas the remaining share is held by GIC Singapore.

The company's working capital will increase because of the IPO, and its long-term debt is expected to reduce by Rs. 6-7 billion.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Oct 2016

Kazanorgsintez picks Technip’s furnace for ethylene plant

Supplier of technology for petrochemical plants, Technip has been...

Textiles | On 22nd Oct 2016

Clariant start ups PP catalyst plant with CB&I technology

Clariant has started up a new polypropylene (PP) catalyst production...

Fashion | On 22nd Oct 2016

DLF Brands will now focus on mass apparel business

DLF company’s retail arm DLF Brands has decided to focus on the mass...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

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

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Paolo Ocleppo
Sandvik Hyperion

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

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

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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


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