For the second quarter Nahar Spinning Mills’ net sales rose 55.88 per cent. During the quarter, total expenses rose 16.74 per cent. Employee expense surged 42.33 per cent. Raw material cost increased 39.92 per cent. Nahar has chalked out an expansion and modernisation scheme involving a capital expenditure of Rs 369 crores for increasing spindlage capacity by 31200 spindles, a new air jet spinning unit and modernisation cum upgradation of the company's spinning units. It will be implemented in full by financial year 2023.

Nahar Spinning Mills is a textile company. Products include yarns and knitted garments. It is in the medium premium segment, which has few players. It produces around 40 million meters a year. It produces denims from 3 to 15 oz, catering to all segments. Among specialized products, there are 100 per cent Tencel, cotton viscose (stretch and non stretch), laser printed denims, reactive colored denims (stripes and checks), printed denims, peach denims, dobbies and knitted denims. It does 30 exports and 70 domestic.

In domestic market 30 per cent is for readymade garment manufacturers and retailers and the rest for the dealer segment. Nahar brings international trends to the domestic market. For instance trying to bring back pastel shades embellished with different coatings, textured denims, feather weight denims with super soft touch.