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Nandan quarterly revenue up, profit declines

Nandan Denim’s consolidated revenue for the fourth quarter of 2017 rose by 29.9 per cent year on year.EBITDA for the quarter rose by 23.3 per cent year on year. EBITDA margin for the quarter stood at 15.7 per cent. Profit after tax for the quarter declined by 5.8 per cent year on year.

For the full year, revenue jumped by six per cent while EBITDA fell by one per cent. Net profit was down 11 per cent year on year.

In future Nandan is looking to increase its share of value-added products and adding more processing facilities coupled with innovative and fashion first products. This will enable it to manufacture a wide range of denim fabrics, fetching higher average realisations and profitability.

Nandan Denim plans to create a portfolio of hybrid brands straddling across consumer segments and price points. The company is in the process of initiating internal projects that are woven around bringing efficiencies in quality, delivery and waste control.

Another priority is fabric innovation. It is also well-positioned to capitalise on the soaring export demand. The fully integrated manufacturing facility caters to the needs of customers by providing a variety of products under a single roof. The hope is that the on-going expansion in denim fabric capacity and backward integration will better operating margins and return ratios.

 
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