For the second quarter RSWM’s net profit was Rs 44.75 crores. The company continued to see the rallying effect of the positive sentiments and market recovery on the business in fiscal ’22, reflecting in the strong sales and profit results recorded in the first half of the year, despite the continued lockdown in the initial months of the first half of fiscal ’22.

RSWM is one of the largest manufacturers and exporters of synthetic and blended spun yarns from India. Within the group, yarn business witnessed a sudden demand surge in the second half. With the ease in restrictions, the denim business performed better with increasing demand from existing customers which continues to see an upward growth trend and reflects in the strong business performance of the group. RSWM plans a few critical structural changes, capacity building and allocation of funds for expansion of the denim fabric manufacturing capacity, cotton melange yarn manufacturing capacity and modernisation and balancing equipments across all units.

RSWM is looking forward to continued robust business performance in the third quarter. Despite the initial impact of local lockdowns and night curfews which impacted dispatches in the first quarter, consumer sentiments and market confidence improved due to increasing vaccination and operations at the manufacturing plants remained normal.