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India’s top denim maker Vishal Fabrics aims at Rs 2000 crore topline

  

Denim maker Vishal Fabrics is aiming for Rs 2000 crore topline in the next two fiscals. The denim maker is also investing in the expansion of its current capacity to increase denim production. The Ahmedabad-based company is encouraged by the two exceptional quarters in the first half of this fiscal. Vishal Fabrics caters to the premium and the super-premium end of the denim segment.

The company is also expanding its overseas presence by adding new markets in Latin America and Europe. This fiscal, it is looking for a ten per cent contribution from the export segment. From the next fiscal year, the target will be around 20 per cent. Vishal Fabrics has no plans to go into garments and apparels and will be confined to the B2B segment. Vishal Fabrics is part of the Rs 10,000 crore Chiripal Group.

India is one of the fastest-growing denim markets, where the domestic market has a CAGR of eight to nine per cent as compared with four to five per cent of denim as a fabric in the global market. Consumption of denim is on the rise in the country as it is now penetrating at the bottom level of the consumption pyramid at Tier III, IV and V places.

 
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