Driven by robust sales during the quarter, the Q1 net income of AV Birla group firm Century Textiles and Industries jumped by 78 per cent to Rs63 crore.

Primarily engaged in textiles, pulp and paper products, the company’ sales grew by 41 per cent to Rs 1,170 crore compared to the year-ago period.

JC Laddha, Managing Director, attributed the growth to the high operational efficiency and improved market demand. The pulp and paper business has performed exceptionally well during the reporting quarter, especially with increased demand in the paper and tissue segment, he said.

Supported by good demand for fabrics for apparel, the textiles business saw impressive growth The pulp and paper business saw sales increasing 49 per cent to Rs 857 crore. This was on the back of better capacity utilisation, which touched 97 per cent leading to a production increase of paper and tissue segments by 17 per cent and 14 per cent, respectively, on a year-on-year basis.