Home / Knowledge / News / Apparel/Garments / Aditya Birla Nuvo reports results for Q4

Aditya Birla Nuvo reports results for Q4

01
May '08
Aditya Birla Nuvo continued its growth journey during the year. All the businesses are progressing well on the designed path.

• Consolidated revenues grew by 45 per cent from Rs. 8,366.8 crore to Rs. 12,134 crore
- Growth businesses contributed 75 per cent to the consolidated revenues
• Standalone revenues grew by 15 per cent from Rs. 3420.5 crore to Rs. 3924.2 crore and net profit rose by 8 per cent from Rs. 225 crore to Rs. 243.1 crore
• Consolidated net profit was lower by 46 per cent from Rs. 280.9 crore to Rs. 150.8 crore

The company's standalone revenues during the year grew by 15 per cent to Rs. 3,924.2 crore vis-à-vis Rs. 3,420.5 crore achieved in the preceding year. The carbon black, insulators and rayon businesses posted the highest ever annual revenues.

The company's consolidated revenues during the year are up by 45 per cent at Rs. 12,134 crore vis-à-vis Rs. 8,366.8 crore achieved last year. Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, grew by 66 per cent to Rs. 8,209.8 crore from Rs. 4,946.3 crore. All the businesses are on the growth trajectory.

• In the garments business, revenues rose by 24 per cent to Rs. 1,025.8 crore from Rs. 830.4 crore. 115 new exclusive brand outlets (EBOs) were launched taking the controlled retail space to 5.1 lakh square feet across 253 EBOs. Two new subsidiaries were launched for bolstering presence in the large format apparel retailing space.


Interviews View All

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search