The financial performance for the Quarter is not comparable with that of previous Quarter ended 30th June 2011, on account of the Company’s operations for the getting affected on account of one-time event of strike of workmen in the month of June 2012.
Despite reduction in selling prices by 10%-14% in various textile products, caused by fall in cotton prices, revenue for Q1 was strong on account of robust growth in textile volumes and 9 % increase in revenue of brand & retail business.
Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “We had an abnormal situation due to the strike in 2 of our plants and hence it will be not appropriate to compare these results with that of previous year. Our textile business is witnessing strong growth and we are confident that in coming quarter there will be growth in volume as well as margins. ”
| On 24th Jul 2021
At least 520,000 households in the marginalised zones of Zimbabwe...
LanzaTech has joined hands with Lululemon athletica, an athletic...
| On 24th Jul 2021
Apparel brand HOdo has claimed producing and exporting China’s first...
Sustainable and eco-friendly fibres remain in the minority
International apparel brands
Launched first collection at onset of Covid
Water use efficiency remains relatively unexplored
With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...
With the support of the first investors - Finland's Technical Research...
Headquartered at Singapore, Crocodile is a global fashion and lifestyle...
Fitesa is a leader in the nonwoven fabrics industry, specialising in...
Dieffenbacher India Pvt Ltd
Germany-based Dieffenbacher Group is a producer of high-quality composites ...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
The creations by Aprajita Toor were born out of a deep desire to create...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.