Apparel Online India Magazine October 1st Issue 2018 | Page 27

H2F
Budni (Madhya Pradesh) which
shall be executed in a phased
manner and is expected to be
completed by FY ’21. It will help
the company to reduce dependence
on external power and will also
ensure uninterrupted 24x7 supply
of regulated power & steam for
its yarn, bath linen, and bed linen
units. It is worth mentioning here
that forex loss for the current
quarter includes marked to market
loss of Rs. 3,934.2 lakh on foreign
currency forward contracts which
is further adjusted from results of
textiles’ segment.
GHCL: Banks on
sustainability as way
forward
GHCL’s home textiles business
revenue declined by 15 per cent
to Rs. 265 crore in first quarter
of FY ’19 as compared to Rs. 311
crore in the corresponding
quarter in FY ’18 primarily due to
headwinds. However, sequentially
the revenue has grown by 21 per
cent and earnings before interest,
tax, depreciation and amortization
“We are starting the
new fiscal with high
optimism. The company
is well positioned for
future growth and is
capable to deliver
improved performance
in the current financial
year. Green shoots of
recovery are visible –
US, Europe & other key
markets have shown
considerable strength
in recent quarters.”
– Rajinder Gupta,
Chairman, Trident
Group
“We are confident of
achieving our vision
of +20 per cent profit
growth on a long-term
horizon creating value
for our stakeholders.
This quarter, we have
been able to achieve a
satisfactory performance
which is in line with our
expectations.”
– RS Jalan, MD, GHCL 
(EBITDA) have grown by 43 per cent
to Rs. 18 crore. The company says
that net profit for the current quarter
was Rs. 62 crore as compared to
Rs. 76 crore of Q1 FY ’18, (excluding
one-time income tax credit of Rs. 82
crore) primarily due to the impact of
headwinds in home textiles, which
has now started showing signs of
improvement when compared to Q4
FY ’18. The company claims that the
outlook for FY ’19 is positive and it is
on track with expansion plans which
are likely to be completed within
the stipulated time and cost. The
company has also come up with a
new brand, ‘Cirkularity’. Following
the three Rs – Reduce, Reuse and
Recycle – the brand is also focused
on sustainability.
Indo Count Industries Ltd.:
Own brands for fashion
bedding segment
Total revenue of Indo Count
Industries stood at Rs. 457 crore for
Q1 FY ’19 as against Rs. 432 crore
in Q1 FY ’18 while the sales volume
stood at 14.4 million metres in Q1 FY
’19 as against 11.8 million metres
in Q1 FY ’18, though the profit after
tax for Q1 FY ’19 was Rs. 29 crore as
against Rs. 32 crore in Q1 FY ’18.
Dedicated to