For the third quarter Alok Industries’ net sales fell by 19 per cent as against the same quarter last year.
Total expense decreased by nine per cent. Raw material consumed was down 22 per cent year on year.Finance cost was down two per cent year on year. Employee benefit expense was up five per cent year on year.
Alok Industries is primarily engaged in the business of textile manufacturing, including mending and packing activities. Alok has operations in both the cotton and the polyester value chain. It has four manufacturing locations. The range of products includes fabrics, garments, embroidered fabric saris and terry towels.
Alok was incorporated in 1986 and began activities with the manufacture of texturised yarn by setting up manufacturing facilities at Silvassa. The company has expanded the texturising capacity to 30 machines, knitting capacity to 40 machines and weaving capacity to 170 air jet/ rapier looms.
Alok has developed an innovative yarn using its expertise in polymer-based yarns. The manmade fiber can compete directly with the hand feel of a natural cotton fiber. The product has been designed to help manufacturers and retailers decrease risk and volatility driven by single source cotton. The collection is made from yarns that weave into a fabric the feeling of cotton.