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India: Vardhman Textiles Q1 net sales rise

Net sales of Vardhman Textiles during the three month period ended June 30, 2018, were Rs 1604.67 crores as compared to Rs 1525.69 crores during the three month period ended June 30, 2017. Net profit, was Rs 145.78 crores as against Rs 139.27 crores for same period last fiscal.

The company is one of the largest textile companies in India manufacturing cotton yarns and fabrics, constituting about two per cent of the country’s yarn production. The fabric processing capacity is 110 million meters a year. The product basket is diversified. It is now not only in cotton but creates blends like cotton tencel stretch, cotton modal super stretch and difficult products like bi-stretch.

Besides cotton yarn and blends, it is looking at more synthetic and blended yarns and is also taking steps to expand its existing fabric processing capabilities. Vardhman has improved its technology platform, so that its process automation, product quality and monitoring processes can be upgraded to deliver higher and better output.

 

 
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