Home / Knowledge / News / Textiles / Pettenati SA Industria Textil posts strong Q1 sales
Pettenati SA Industria Textil posts strong Q1 sales
23
Jan '14
Despite a challenging global and domestic economic scenario, Brazilian textile company Pettenati SA Industria Textil posted strong sales revenue in the first quarter of the current fiscal 2013-14.
 
The company, which is primarily engaged in the manufacture of clothing and fabrics, witnessed a growth of 16.4 per cent in its consolidated net sales at R$ 84.6 million in the three months ended September 30, 2013 from R$ 72.7 million in the same period a year ago.
 
Revenue from its home market, Brazil, grew by 13 per cent to R$ 52.7 million in the first quarter of the financial year ending June 30, 2014 from R$ 46.6 million in the same period a year ago despite economic headwinds which curtailed consumer spending in one of the major emerging markets in the world.
 
The company benefitted largely from good response to its new collections which boosted sales in the domestic market in Q1 FY 2013-14. However, competition from imports continues to weigh on better penetration of the domestic market. 
 
Revenue from export markets witnessed a growth of 21.8 per cent to R$ 31.8 million in the quarter ended September 30, 2013 from R$ 26.1 million in the same period a year ago despite political and economic troubles in major markets such as Argentina.
 
Improving sales numbers also helped boost operating profitability as Pettenati SA Industria Textil reported a consolidated EBITDA growth of 29.6 per cent to R$ 4.4 million in Q1 FY 2013-14 from the same period a year ago.
 
The Company’s product lines include Softs, Plushs, Half Meshes, Viscose and Sport Lines, among others.
 

Fibre2fashion News Desk - India


Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints 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