Century Textiles plans to focus on offering new products after considering retail price points. It also plans to focus on blending manmade fibers and expanding into new markets such as Australia, Saudi Arabia and Russia. In Q4 FY22 Century Textiles & Industries’ consolidated net profit increased to Rs 84.43 crore as against a net loss of Rs 4.89 crore in Q4 FY21. Net sales was up 44.62 per cent to Rs 1,186.22 crore during the quarter over Rs 820.21 crore in Q4 FY21. Consolidated EBITDA grew 66.25 per cent to Rs 133 crore in Q4 FY22 as against Rs 80 crore in Q4 FY21.

Century Textiles and Industries’ textiles annual turnover grew 54 per cent Y-o-Y during Q4 FY22 backed by strong sales growth and improved operational efficiencies. The company’s capacity utilization reached 97 per cent during the quarter as compared to 92 per cent in Q4 FY21. The company also launched home textile product for domestic market under the brand name 'Hill & Glade'.