For the first quarter GHCL’s revenue grew on a sequential basis. Revenue for the quarter stood at Rs 854 crore. Ebitda stood at Rs 189 crore and net profit was Rs 101 crore. The home textiles business stood at Rs 327 crore.
GHCL is an Indian group with a footprint in chemicals, textiles and consumer products. It has commenced the new fiscal year on an encouraging note with substantial gains across all its business segments. The group experienced a temporary disruption due to the second wave but is now operating at peak utilisation levels in both spinning and home textiles based on a strong demand scenario and has achieved record profits during the quarter. The aim is to further amplify its leadership position across key product categories to bolster the performance momentum and create enhanced value for stakeholders.
GHCL had launched Cirkularity, a new brand of bedding.The brand platform is inspired by Rekoop, the first bedding solution to use Applied DNA’s Certain T platform and Reliance’s RecronGreenGold fiber for source verification and traceability of recycled polyester across the supply chain.GHCL operates its home textiles facility in Gujarat. Recently, GHCL received consent from secured creditors for the demerger of textiles.