Home / Knowledge / News / Apparel/Garments / Apparel exporter Gokaldas Q1 FY'14 sales surge 14%
Apparel exporter Gokaldas Q1 FY'14 sales surge 14%
07
Sep '13
Gokaldas Exports Limited (GEX) has achieved revenue of Rs. 258 Cr on a standalone basis in Q1 FY14 clocking a growth of 14% as compared to the corresponding quarter of previous year.

Demand from western economies has been weak in the backdrop of continuing sluggish economic situation prevailing in the global markets. Due to weak demand, retail prices globally continue to be under pressure affecting price realizations. In India, inflationary conditions continue to persist which is leading to rise in wages as well as other operational expenses.

In order to counter the sluggish market conditions, we have been working towards selectively expanding our customer base in export market and enhancing our domestic presence as preferred vendors. This has reflected in growth in topline in Q1 FY14, as well as strong order book position for second quarter of FY14.

This quarter has also witnessed enhanced demand patterns from Asian countries. In these challenging times, GEX has focused its effort towards aggressive cost management in addition to improvement in topline.

From a bottom-line perspective, GEX has recorded operational profit of Rs.0.46 Cr in this quarter. PBT is a loss of Rs. 16.3 Cr in Q1 FY14 as compared to PBT loss of Rs. 23.6 recorded in Q1 FY13, showing a reduction of 31%.

Company has taken steps to sharpen its focus on productivity improvement, stronger cost management measures and order profitability with a focus improving the bottom-line, which the company strongly feels would lead to improved performance in the coming quarters.

Gokaldas Exports Ltd


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: Shutterstock

Textiles | On 27th Feb 2020

ADD removal on PTA respite to man-made textiles: Ind-Ra

The withdrawal of anti-dumping duty (ADD) on purified terephthalic...

Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch 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

Leave your Comments


February 2020

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


Advanced Search