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Bombay Dyeing net sales down 35 per cent

Bombay Dyeing’s standalone net loss totalled Rs 78.15 crores for the third quarter ended December 31, 2015, as against a standalone net loss of Rs 65.93 crores for the same period last fiscal.

The company’s net sales on a standalone basis plunged by 35.12 per cent during the period compared with the corresponding quarter last year. Its revenue from the textile segment totaled at Rs 48.69 crores during the period under review versus Rs 145.84 crores in the same period last fiscal. The revenue from the polyester segment dived to Rs 241.64 crores during the third quarter of the current fiscal as against Rs 330.63 crores in the year-ago period.

Established in 1879, Bombay Dyeing is the flagship company of the Wadia Group, involved primarily in the business of textiles. It is one of India’s largest producers of textiles.

Bombay Dyeing was established in 1879 as a small operation of Indian spun cotton yarn dip dyed by hand. It offers bed, bath, linen and lifestyle home furnishings. It is in 350 EBOs and 2,000 MBOs across India.

In textiles the company manufactures cotton suitings, polyester cotton suitings, shoe lining and duck fabrics, satin furnishings, yarn dyed fabrics, towels, table tops and napkins, satin bed sets.