Home / Knowledge / News / Textiles / Arvind Mills sales up by 20% for quarter ended Dec 31
Arvind Mills sales up by 20% for quarter ended Dec 31
28
Jan '08
The Arvind Mills Limited, one of the largest integrated textile players in the world have announced their financial results for Quarter ended 31st December, 2007.

The sales for the Quarter are up by 20% at Rs.537 Crores as against Rs.448 Crores in the corresponding quarter last financial year.

Click here to view more:

Profit before tax was up by 51% at Rs.7 Crores compared to Rs.5 Crores in the corresponding quarter previous financial year.

Profit after tax at Rs.6 Crores is up by 76% compared to Rs.4 Crores in the corresponding quarter previous financial year.

Click here to view more:

The branded apparel and retail business of the company has returned yet another quarter of solid performance. Sales grew by 40% and the EBIDTA has grown by 187% during the current quarter.

The company added another 50 doors during the current quarter. The first MegaMart Outlet Centre, the company's value apparel retail store measuring about 40,000 square feet was opened to public in Chennai on the 23rd January 2008.

Click here to view more:

Apart from the denim which has had significant reversal in trends and power cost increase due expiry of natural gas supply contract, all other product groups have returned significant improvement in performances. The lower earnings to a large extent have been offset by garments, shirting and the Branded apparel business.

Commenting on the results, Mr. Jayesh Shah, Chief Financial Officer and Director said : “The long term efforts by company to broad base its revenue and earnings are finally yielding results with the downturn in denim being offset by all other products and businesses.

We see a great opportunity in the branded apparel and retail business and we are on course to achieve significant growth in that segment.

As soon as the short term negative impact of denim and power cost are nullified, we could see significant improvement in the earnings of the company”.

The Arvind Mills Limited


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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


August 2018

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

news category


Related Categories:

Advanced Search