Home / Knowledge / News / Fashion / 'We are happy to witness a revival in demand' – Brandhouse
'We are happy to witness a revival in demand' – Brandhouse
04
Nov '09
Mr. Tarun Joshi, MD
Mr. Tarun Joshi, MD
Brandhouse Retails Limited (BHRL), one of the leading fashion retailers in India, announced its results for the second quarter and half year ended 30 September 2009.

In Q2 FY2010, BHRL's revenues grew 12.5% to Rs 188.82 crores on account of enhanced volumes through opening of new stores across its brands. EBIDTA during the quarter stood at Rs 16.34 crores compared to Rs 14.36 crores, an increase of 13.8%. BHRL has been successful in enhancing its EBIDTA margins to 8.7% from 8.6% in the quarter under review. PBT increased by 15.14% to Rs 12.70 crores from Rs 11.03 crores. Net profit for the period grew 21.62% to Rs 8.55 crores from Rs 7.03 crores in Q2 FY2009 indicating a strong performance in a somewhat uncertain environment.

Financial performance update:
Q2 FY2010 results compared with Q2 FY2009 results:
- Net income from operations at Rs 188.82 crores versus Rs 167.82 crores, up 12.5%.
- EBIDTA grows 13.78% to Rs 16.34 crores from Rs 14.36 crores.
-- Net profits increase by 21.62% to Rs 8.55 crores from Rs 7.03 crores.

H1 FY2010 results compared with H1 FY2009 results:
- Net income from operations grows 21.64% to Rs 313.88 crores versus Rs 258.04 crores.
- EBIDTA up 36.75% to Rs 26.79 crores from Rs 19.59 crores.
- Net profits at Rs 12.23 crores from Rs 7.48 crores, indicating 63.5% increase.

Commenting on the Q2 FY2010 results, Mr. Tarun Joshi, Managing Director, BHRL said, “It gives me great pleasure to announce a healthy result in Q2 FY2010. This encouraging performance has been driven by our strong branded presence in various socio economic segments of the domestic retail space. We are happy to witness a revival in demand and consumer confidence especially now that the festive season is on.Given the improvement in business environment, a strong branded presence and a unique retail centric model we believe we are well placed to continue this growth trajectory.”

Brandhouse Retails Limited (BHRL)


Must ReadView All

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Textiles | On 16th Oct 2018

Tajik textile-apparel exports rise 30% in Jan-Aug 2018

Tajikistan’s production of textile and apparel rose by 30 per cent in ...

Courtesy: Good On You

Apparel/Garments | On 16th Oct 2018

Good On You aims to give consumers access to brand info

Australia based Good On You, an app that provides ratings of over...

Courtesy: Rieter

Textiles | On 16th Oct 2018

Rieter launches new ring and compact spinning machines

Rieter has launched G 37 and G 38, the new ring spinning machines,...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

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


October 2018

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

news category


Related Categories:

Advanced Search