Denim makers post healthy Q1 growth despite oversupply

摘要

Oversupply and continual rise in capacity notwithstanding, The denim industry has plugged a double digit growth in bottomline for The first quarter of fiscal 2013-14. Major players like Arvind, KG Denim and Nandan Exim have each posted over 20 per cent growth rates in Their net profits for The said period. While its overall standalone net profit growth was 75 per cent at Rs 79.35 crore, Arvind's textile segment registered a bottomline growth of 46.17 per cent at Rs 149.52 crore. Similarly, at Rs 3.63 crore, KG Denim's Q1 net profit for fiscal 2013-14 grew by 77 per cent as against Rs 2.05 crore for The corresponding period last year.