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Home Textiles plays a key role in growth of GHCL
01 Nov '07
4 min read
GHCL Limited, is a $700 million dollar multi product transnational company has posted a strong financial performance for Quarter Ended SEPTEMBER 2007 on the back of steadily strengthening home textiles business.
“GHCL expects to substantially improve its margins for the home textiles business with the launch of its exclusive range of Home Textiles Retail chain stores in the country in first quarter of 2008 along with the already launched GRACE line of Bedding Products for the domestic market.
The company's Global Home Textiles Revenues of over $ 600 million dollars to a great extent is been insulated from the Rupee Dollar variation on the back of bulk of the sourcing being done from other global sourcing destinations such as Cambodia, China, Pakistan, Turkey and Mexico. The company's India unit only accounts for about 10% of the Global sourcing.
Our Home Textiles business set to acquire pace from now on as during the present period, it has already shown a healthy pace of growth of over 100% and accounting for 41% of the total revenue of the company.”
The Net Sales/ Income from operations for the company increased by 19% to Rs. 230 Crores from Rs. 194 Crores reported in the corresponding quarter ended September 2006. For the half year ended it increased by 29% to Rs. 466 Crores.
The EBITDA in the present quarter increased 14% to Rs. 56 Crores from Rs. 50 Crores while it increased by 8% to Rs. 124 Crores in the half year ended September 2007
The Profit After Tax has increased by 2.6% in the present quarter to Rs. 25.36 Crores from Rs. 24.71 Crores reported in the quarter ended SEPTEMBER 2006. For the half year period it stood at Rs. 57 Crores showing an increase of 2%. EPS for the quarter is at Rs. 2.55
The Home Textiles division revenue during the quarter September 2007 accounts for 41% of the total revenue total revenue with a growth of 101% to Rs. 99 Crores in September 2007 quarter from Rs. 49 Crores as compared to September 2006.
Soda Ash division in comparison has an interim growth of (6) % to Rs. 135 Crores in September 2007 quarter from Rs. 144 Crores as compared to September 2006, due to unprecedented rainfall resulting in the flooding of the plant.
Reflecting on the performance, Mr. Sanjay Dalmia, Chairman, GHCL Limited, said:
“The Home textiles have started playing a key role in the growth of the company clearly reflected in the numbers for the period under consideration.
“GHCL expects to substantially improve its margins for the home textiles business with the launch of its exclusive range of Home Textiles Retail chain stores in the country in first quarter of 2008 along with the already launched GRACE line of Bedding Products for the domestic market.
The company's Global Home Textiles Revenues of over $ 600 million dollars to a great extent is been insulated from the Rupee Dollar variation on the back of bulk of the sourcing being done from other global sourcing destinations such as Cambodia, China, Pakistan, Turkey and Mexico. The company's India unit only accounts for about 10% of the Global sourcing.
Our Home Textiles business set to acquire pace from now on as during the present period, it has already shown a healthy pace of growth of over 100% and accounting for 41% of the total revenue of the company.”
The Net Sales/ Income from operations for the company increased by 19% to Rs. 230 Crores from Rs. 194 Crores reported in the corresponding quarter ended September 2006. For the half year ended it increased by 29% to Rs. 466 Crores.
The EBITDA in the present quarter increased 14% to Rs. 56 Crores from Rs. 50 Crores while it increased by 8% to Rs. 124 Crores in the half year ended September 2007
The Profit After Tax has increased by 2.6% in the present quarter to Rs. 25.36 Crores from Rs. 24.71 Crores reported in the quarter ended SEPTEMBER 2006. For the half year period it stood at Rs. 57 Crores showing an increase of 2%. EPS for the quarter is at Rs. 2.55
The Home Textiles division revenue during the quarter September 2007 accounts for 41% of the total revenue total revenue with a growth of 101% to Rs. 99 Crores in September 2007 quarter from Rs. 49 Crores as compared to September 2006.
Soda Ash division in comparison has an interim growth of (6) % to Rs. 135 Crores in September 2007 quarter from Rs. 144 Crores as compared to September 2006, due to unprecedented rainfall resulting in the flooding of the plant.
Reflecting on the performance, Mr. Sanjay Dalmia, Chairman, GHCL Limited, said:
“The Home textiles have started playing a key role in the growth of the company clearly reflected in the numbers for the period under consideration.
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