You are here » Home » Companies » Company Overview » Ashapura Intimates Fashion Ltd

Ashapura Intimates Fashion Ltd.

BSE: 535467 Sector: Industrials
NSE: AIFL ISIN Code: INE428O01016
BSE LIVE 15:40 | 05 Dec 408.00 -8.60
(-2.06%)
OPEN

424.75

HIGH

424.75

LOW

405.05

NSE LIVE 15:31 | 05 Dec 408.60 -7.30
(-1.76%)
OPEN

416.00

HIGH

419.90

LOW

405.00

OPEN 424.75
PREVIOUS CLOSE 416.60
VOLUME 50637
52-Week high 480.50
52-Week low 230.10
P/E 61.08
Mkt Cap.(Rs cr) 794.38
Buy Price 0.00
Buy Qty 0.00
Sell Price 408.00
Sell Qty 30.00
OPEN 424.75
CLOSE 416.60
VOLUME 50637
52-Week high 480.50
52-Week low 230.10
P/E 61.08
Mkt Cap.(Rs cr) 794.38
Buy Price 0.00
Buy Qty 0.00
Sell Price 408.00
Sell Qty 30.00

Ashapura Intimates Fashion Ltd. (AIFL) - Chairman Speech

Company chairman speech

Dear Shareholders

This year holds immense significance in the Journey of our company. Ashapura was bornfrom a dream of providing quality merchandise to the burgeoning Indian. Over the years ithas been our endeavour to provide our customers a good blend of mild fashion with a widerange of choice. Our journey which started in the year 1999 has been quite eventful andwe have taken a numbers of steps to ensure that we created a brand which resonated withour Corporate Values of Passion Perfection Innovation Teamwork Excellence Ethics andResponsibility. Today our brand Valentine has a strong and loyal customer base. We operatein a dynamic and a resilient country. Despite weak global performance India’s growthstory has remained steady at a similar pace in 2015-16 (7.6 percent) as compared to2014-15 (7.2 percent). Notably India has grown despite weaker demand from theworld’s developed nations. Similarly your company Ashapura Intimates FashionLimited has become one of the fastest growing fashion houses in India specializing notonly in any one product segment but a big basket of products like men’s lounge wearwomen’s lounge wear kid’s lounge wear sport’s wear for men & womenwomen’s night wear women’s maternal wear women’s intimate wearbathrobes leggings. Our focus this year was on the reduction of debt and improvement ofworking capital cycle in which we have seen significant reductions. With a strongmanagement team in place we expect to push boundaries and strive to be the best in theindustry.The company got migrated to the BSE main board and also listed on NSE during thefinancial year under review. Some of the key financial (standalone) highlights this yearhas been: Our Total Revenues for the year were 1875 Mn compared to 1790 Mn in theprevious year an increase of 4.63 per cent.

Our EBIDTA for the year 268 Mn against 249 Mn in the previous year an increase of 7.63per cent. Our PAT for the year was 124 Mn against 87 Mn an increase of 42.5 percent.

Post the consolidation of all the different brands in one brand Valentine; we now havesignificant brand recall & huge visibility in the market. We also plan to introducevarious new products under Valentine this year. Also we are looking to add a brand formenswear.

The recent foray of our own shopping portal www.valentineclothes.com has seen anencouraging response from customers such as yourself. Coupled with the presence ofValentine on other online shopping portals and in EBOs and stores across the countrycustomers today can purchase Valentine with the click of a button or check out ourexciting collections from any corner of the country. We are now focusing on expanding ourEBOs presence through franchisee route across the country along with malls and primelocations in various cities.

The company has been aggressively marketing & advertising Valentine to make itaccessible to a wider audience. To enable this the company has signed a deal with Bennettand Coleman Company i.e. Times Group for the advertising of the brand through variousmedia. The company also won the National Marketing Excellence Award during this financialyear. Valentine has become a force to reckon in the economy fashion market. Thecombination of categories products range and designs for the entire family gives us adistinct competitive advantage that is hard to replicate. We have the unmatched capabilityto offer the entire range of products required for a retail outlet under one roof. Withthe growing demand for mild fashion wear and leisure wear there is a huge shift happeningamong the customer’s mind-set with the need for a functional and aestheticallypleasing product. This is a clear indication of the huge opportunity ahead and yourcompany is perfectly positioned to address this need.

I thank all our shareholders investors partners distributors agents bankers andcustomers for their faith and belief. Also a special "Thank You" to all theemployees for making Ashapura Intimates Fashion what it is today.

Yours Sincerely

Harshad Thakkar

Chairman & Managing Director.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard