>>
Home / Knowledge / News / Textiles / Q1: an improved opening for Vardhman

Q1: an improved opening for Vardhman

12
Aug '09
Vardhman Textiles Ltd, a major integrated textile producer in India manufacturing and marketing yarns, fabrics, sewing threads, fibre and alloy steel, has declared its quarter one financial results early this month.

The results reflect improvement. Speaking to News team at Fibre2fashion, offering his stance on the performance of his company in the fiscal 2009-10 start, the CFO of Vardhman, Mr Rajeev Thapar said, “The first quarter results of Vardhman reflects improvement due to better realization in yarn segment because of increase in raw material prices and demand supply situation” Due to this, rise can also be seen in operating profit margins by nearly 4% this Q1FY10, according to Mr Thapar.

Netsales of the company show growth trend by 10% increase when compared to last year same quarter. Explaining reasons for this, he added, “Overall, sale of yarn and Fabric has increased compared to Q1FY09 and is also the full impact of new plants which was not there last year in same quarter. Better sale realization and higher production has helped in growth of sales in textiles division.”

When inquired, if the economy is slowly recovering? Mr Thapar skeptically replied, “To some extent it may be, but sustainability is still in doubt you see!” He also showed disappointment with the union budget by commenting, “We just don't find any tangible benefit coming out of the budget but the things are other way round.”

At leave-taking, our team also asked Mr Thapar about his company's strategic plans for the year through. “Vardhman has entered into a joint venture with a Japanese company for manufacture of shirts in India, and the said project may come up towards the end of this fiscal or early next year,” he shared candidly.

Click here to view Q1 June2009.

Vardhman Textiles Ltd


Must ReadView All

Pic: cf.kizlarsoruyor.com

Apparel/Garments | On 6th Dec 2021

All Turkish goods to be labelled ‘Made in Turkiye’

All goods produced in Turkey, including clothing for exports, will be ...

Pic: Jaroslaw Baczewski | Dreamstime.com

Textiles | On 6th Dec 2021

Global cargo demand up by 9.4% in Oct 2021 over Oct 2019: IATA

Global demand was up by 9.4 per cent in October 2021 compared to the...

Pic: Phanthit Malisuwan | Dreamstime.com

Textiles | On 6th Dec 2021

NCTO offers key policy recommendations to support US industry

In a written testimony before the US House Ways and Means Trade...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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


December 2021

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


Advanced Search