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Alok Industries: Q4 shows uptrend; eyes retail expansion

07 May '09
5 min read

F2F: 44% rise in employee cost compared to last year ended Mar, 2008. More than 100% augmented raw materials in the results points up the expansion in the capacity ornew projects. What was it? Can you provide us some more facts and figures about this expansion/new projects?

Mr Khandelwal: The increase in the cost of employee is on account additional manpower employed for the new projects which have commissioned during the last financial year.

With regard to increase in the cost of raw material, we would like to inform you that there has been a typographical error in consumption of raw material in FY 2008. The amount was Rs. 1223.15 crores, whereas it was printed as Rs. 865.35 crores. For corrected table click here.

The increase in the RM consumed is in line with the increase in sales, which was on account of additional capacities added out of completion of new projects. However, as a percentage to sales, the RM cost has reduced by more than 2% in FY 2009 in comparison with FY 2008.

F2F: Manufactured exports for the year ended 31st March 2009 were at Rs. 996.89 crores as compared to Rs. 755.94 crores, which represents a year-on-year growth of 31.87%. Has the clientele list retained same or some new were added to it?

Mr Khandelwal: The company was able to retain its existing clients and added few clients during the last financial year. Going forward, we expect the exports to increase further and add more customers to its list.

F2F: What is the status of your order book for coming quarter?

Mr Khandelwal: The company's order book position is healthy. Looking to the enquiries received, the orders for home textiles division would be full for the entire year. The order book position of Apparel Fabrics (woven and Knits), polyester yarn and garments is good.

F2F: Concluding the talk, we request you to share with us more about your strategic plans in following financial year.

Mr Khandelwal: The company has added capacity to its polyester division and commenced Terry Towel towards the end of last financial year. The revenue generation would be maximum from polyester division, followed by other divisions such as home textiles, apparel fabrics and garments.

The company through its 100% wholly owned subsidiary, Alok Retail (India) Ltd plans to increase its retail presence through its “H&A” stores by increasing the number of stores to 200 by the end of FY10 from 65 stores now.

For Q4 (2008-09) results click here.

Alok Industries Ltd

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