SPONSORED CONTENT

R & B Denims Ltd. announces excellent results; yearly PAT up 108 per cent YoY

May 04, 2022 23:30 IST | ANI Press Release
Tennis player James Blake
R & B Denims Ltd. announces excellent results; yearly PAT up 108 per cent YoY

Mumbai (Maharashtra) [India], May 4 (ANI/PNN): BSE listed R & B Denims Ltd (BSE: 538119), one of the most influential textile houses with largest vertically integrated textile manufacturing facilities of over 30 million meters capacity of denim has announced excellent results for quarter and year ended 31 March 2022. Amidst a challenging environment, R & B Denim Ltd. continues to grow, backed by a robust business model and its strategic ability to navigate through troubled times.

To retain its competitive advantage and consistently deliver value to all stakeholders, it continues to focus on investments for Research and Development, technological enhancement and quality improvement through its state of art, ultra-modern, fully equipped R & D Laboratory, to sustain profit margins and increase operational efficiency.

In FY 21-22, company has Produced 17.5 Million Meters of Denim Fabric that is equivalent to 11 Million pair of Jeans. The company has achieved a consolidated turnover of Rs 2,844 million with Profit before tax of Rs 280 Million representing a Jump of 97 per cent Y-O-Y. The yearly PAT rose 108 per cent YoY, to Rs 217 Million.

In FY 21-22, company participated in GARTEX Denim Show at Delhi as well as in CAIRO, EGYPT which gave promising results in getting new customer base and helped to increase demand of Products in Overseas as well as domestic Markets. Exports have increased from 220 Million in FY 20-21 to 720 Million in FY 21-22. Representing growth of 225 per cent in a year. As on March'22 our exports for represents 25 per cent of our total sales which we are further expecting to Increase based on the Strong demand from overseas market.

Even in domestic market average Selling price has increased from Rs. 140 in FY 2020-21 to Rs. 165 mainly due to selling premium Quality Denim and increase in Profitability as it remains eagle-eyed with inventory management policies. The efficient inventory management helped increase sales, maintain prudent working capital and increased productivity. The company increased proportion of premium products thereby strengthening margins. The Coactions of our techniques shall help to create enhanced value for stakeholders.

One of the few denim manufacturers capable of producing high width denim up to 76 inches.

Company's clients include major brands like Arvind, Killer, Lifestyle, Reliance Retail, etc.

This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)

DISCLAIMER


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor