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Home / Knowledge / News / Textiles / Indian textile majors post good Q1 FY'14 results
Indian textile majors post good Q1 FY'14 results
28
Aug '13
Fibre2fashion.com’s finance research desk has analyzed financial performance of 18 large textiles-apparel companies for the quarter ended June 2013. These companies are mostly composite mills and large manufacturers focusing on exports & domestic market.

The initial study of the financial performance for these large companies for the quarter ended June 2013 shows positive trends. The aggregate gross sales of 18 large textile-apparel manufacturers for quarter ended June 2012 was Rs. 9658 crore, which has increased by 15.65% to Rs. 11163.86 crore for quarter ended June 2013.

This is considerably higher growth in comparison with other industries like automobile, steel, & infrastructure industries.

Companies like Arvind, Vardhman Textile, Kewal Kiran, Mandhana, Page Industries, Mafatlal & SEL manufacturing have registered more than 25% growth in their operating income for the quarter ended June 2013.

Operating Income of Alok Inds. has gone up by more than 23% for the June’13 quarter. Alok Industries’s sales for quarter ended June 2013 is Rs. 2995 crore & operating profit is Rs. 892 crore. The Company has exported Rs. 725 crore worth of goods consisting of woven, home textiles & polyester yarn. Turnover from woven business of Alok has increased by whopping 72 % year on year.

On the other hand, denim giant Arvind has continued with its growth momentum and is doing exceedingly well.  Arvind’s sales have gone up by 28% for the June’13 quarter. Major revenue growth area is brands & retail with 34% growth & very significant jump in profitability. Management at Arvind in their outlook for 2013-14 expect 20% growth for the entire 2013-14 financial year owing to good growth potential in brands & retail segment as well as strong international demand.

SEL Manufacturing is another star on the horizon which has registered a operating income of Rs. 1093.22 crore during the quarter ended 30th June, 2013 as against Rs. 583.46 crore in the corresponding quarter last year, thereby registering a growth of 87.37%.

Operating profit has increased from Rs.107.41 crore during the first quarter of financial year 2012-13 to Rs. 183.04 crore during the quarter ended 30th June, 2013, showing an increase of 70.41%. SEL is reaping benefits of timely execution of its expanded capacity.

Aditya Birla’s fashion and lifestyle business recorded revenue of Rs. 1,294 crore and EBITDA of Rs.71 crore. It expanded its retail presence to 1,518 exclusive brand outlets/stores, spanning nationwide across 3.8 million square feet.  It is also serving customers through more than 4,750 multi brand outlets. Madura Fashion and Lifestyle has posted 25 per cent revenue growth.


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