GHCL net revenue grows 16% in FY19

During the 12-month period, profit before tax grew by 30 per cent to ₹541 crore from ₹415 crore in FY18.

Business segment-wise, GHCL’s Home Textiles business grew by 15 per cent to ₹1202 crore in FY19 as compared to ₹1046 crore in FY18. While the Inorganics Chemicals division grew by 17 per cent to ₹2182 crore in FY19 as compared to ₹1872 crore in FY18.

For the fourth quarter (Q4) of FY19, the company’s net revenue grew by 26 per cent to ₹915 crore as compared to ₹726 crore in the corresponding quarter ended March 31, 2018. EBIDTA grew by 31 per cent to ₹241 crore as against ₹185 crore in the corresponding quarter of the previous year. Net profit, i.e. profit after tax, grew by 44 per cent to ₹119 crore as against ₹82 crore in the corresponding quarter of the previous year.

“Adherence to our core business strategies along with the ability to optimise the internal business environment has been the key factor for our improved performance. With the ever highest absolute EBITDA of ₹241 crore in the quarter we have achieved a net revenue growth of 26 per cent for the quarter. This has been mostly due to our efforts towards building process efficiencies in our Chemical business and the preponement of our brownfield expansion leading to volume gains,” said RS Jalan, managing director, GHCL.

“In the Home Textiles business, we have been able to create a competitive advantage through our innovative product offerings which revolve around our four-pillar strategy of sustainability, traceability, innovation and giving back to society. We hope to continue with similar trends in the future with a single-minded mission to responsibly maximise value for all our stakeholders,” Jalan added. (RKS)

Fibre2Fashion News Desk – India