Net sales up at Sangam (India); Board approves expansion project

09 Feb '11

4 min read

Quarter to Quarter Performance

(3M September 2010 to 3M December 2010)

• Net sales grew by 7.13 per cent to Rs 288.59 crore for quarter ended December 2010 compared to Rs 269.47 crore in the quarter ended September 2010.
• Net Profit surged by 101 per cent to Rs 18.45 crore as against Rs 9.18 crore in September 2010 quarter.
• EBIDTA margin improved by 392 basis point to 19.26 per cent against 15.34 per cent in September 2010 quarter.

Other Highlights

• The company has recently signed Bollywood actor Suniel Shetty and cricketer Virat Kohli as its brand ambassadors.
• The company launched exclusive wedding and festival collection called Linovita. The Linovita wedding collection comprises of premium range of PV-blended fabrics specially designed set addressing the burgeoning demands of a marriage season.
• It has been awarded four toll collection project for a period of 12 months commencing from December 12, 2010 by NHAI.

A Textile Conglomerate, the Bhilwara (Rajasthan) based Sangam Group of Companies (SGC) is today a name synonymous with excellence in textiles. It is a "Complete Textile House" that is diversified into spinning, weaving, knitting, flock fabric and processing having state of art. It is a prominent and leading manufacturer, exporter and supplier of world-class Suitings, Denim fabric, Flock Fabrics and Cotton and synthetic yarns from India.

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