Home / Knowledge / News / Textiles / S Kumars profit jumps 44.5%
S Kumars profit jumps 44.5%
04
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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Victor Chao
Esmetex

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

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search