BSE listed R & B Denims reported Rs 2,844 million turnover in FY 21-22 with the Profit before Tax (PAT) growing 97 per cent Y-o-Y to Rs 280 million. The yearly PAT rose 108 per cent YoY, to Rs 217 million.
In FY 21-22, R & B Denim participated in Gartex Denim Show at Delhi as well as in Cairo that helped them add to current customer base and an increase in demand for products in overseas and domestic markets. The company’s exports grew 225 per cent from 220 million in FY 20-21 to 720 million in FY 21-22.
In domestic market, the company’s selling price increased from Rs 140 in FY 2020-21 to Rs 165 mainly due to selling premium quality denims and increase in profitability. Efficient inventory management helped the company increase sales, maintain prudent working capital and increased productivity. The company increased the proportion of premium products thereby strengthening margins.
