Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Shri Lakshmi Cotsyn scores high on technical, home textiles, garments & accessories
Shri Lakshmi Cotsyn scores high on technical, home textiles, garments & accessories
24
Nov '09
Dr Agarwal, CMD, Shri Lakshmi Cotsyn
Dr Agarwal, CMD, Shri Lakshmi Cotsyn
Notching 40 percent top line growth compared to corresponding quarter and an impressive rise in profit as well, Shri Lakshmi Cotsyn scored success in most of its product categories like technical textiles, home textiles, garments & accessories.

Speaking exclusively to Fibre2fashion, Dr M P Agarwal, Chairman cum Managing Director informs, “We attribute this growth in sales to our technical textile segment from where we have recorded 26.60% of the total sales i.e., Rs 308.09 Crores.

Besides other important segments like Suiting & Shirting (17.36%), Denim (15.83%), Home Furnishing (11.20%), Terry Towel (10.02%), Bottom Weight (5.96%), Nylon coated Fabric (2.27%), other subsidiary (8.87%), Misc. including garment, quilt, embroidery etc. (1.89%), have also contributed significantly.”

Turning to huge capex plans and sales turnover for the current financial year, Dr Agrawal says, “The Financial Closure of our Terry Towel Expansion Project costing Rs. 377.81 Crores is already complete and the project is under implementation. We expect to complete the same by March 2010. The other expansion/diversification programme announced recently will be completed in next 2 years. During the current accounting year 2009-10 we expect to achieve the turnover more than Rs. 1400 Crores.”

Detailing on Shri Laxmi Cotsyn's foray in the 'sunshine' technical textiles sector, he adds, “Our extensive expansion/diversification programme worth Rs 360 Crores includes, expansion of manufacturing capacity of Microdot Fusible interlining fabric from 12.50 mm to 25 mm per annum at a project cost of Rs. 60 Crores and diversification into Black-out Fabric, IRR Fabric, Flex Fabric and Carbon Fabric estimated at Rs. 300 Crores.”

Shri Lakshmi Cotsyn will invest Rs. 100-125 Crores through internal accruals/ equity and rest will be funded through a bank loan for the above projects revealed Dr Agrawal.
Dr Agarwal states, “Contrary to negative trends after the global meltdown that affected most of the of textile companies in India and abroad, Shri Lakshmi Cotsyn has embarked on an expansion/diversification to the tune of Rs 2700 Crores to be completed in next 3 years and we expect to achieve the turnover of Rs 5000 Crores in next 5 years.”

Since its inception in 1993, Shri Laxmi Cotsyn Limited has turned into a leading and a well diversified US $250million textile conglomerate involved in manufacturing of suitings & shirtings, fusible interlinings, bottomweight fabric, terry towel, home furnishing, denim fabric, zippers, embroidery fabric, quilted fabric & comforters, technical textiles, safety textile, SmartVest, armoured vehicles and value added bed linen.

In the safety textiles category, it has a mix of bullet proof jackets, coat combat, sleeping bags, IR camouflage nets, ballistic body armour, bulletproof helmet, web equipment.
Under technical textiles group, it manufactures PU coated nylon fabric, fire retardant fabric, water proof /repellant fabric, NBC fabric, breathable fabric and camouflage printed fabric.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry,

Rikesh Mistry

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

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


September 2018

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

news category


Related Categories:

Advanced Search