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Indian Rayon: Consistency, an issue?

May 5, 2005

Indian Rayon is the Aditya Birla Group's most diversified conglomerate, with a turnover in excess of Rs. 17.1 bn. The company has a presence in key business segments, which include viscose filament yarn, carbon black, textiles and garments. The company has also made a foray into insurance, IT services and Business Process Outsourcing (BPO) fields. It has hived off its insulators business into a joint venture with Birla NGK Insulators Pvt Ltd.

Arvind Mills: Past and the future

Apr 25, 2005

Arvind Mills Limited is the flagship company of Rs 20 bn (US$ 550 m) of the Lalbhai Group. It enjoys the distinction of being the world's largest exporter and Asia's largest producer of Denim. Various brands owned by Arvind include Flying Machine, Newport and Ruf & Tuf in Jeans and Excalibur in shirts. Apart from these, the company has licenses from reputed International brands like Arrow, Lee, Wrangler and Tommy Hilfiger for the Indian market.

Arvind Mills: In the ‘jeans’

Jan 27, 2005

Arvind Mills, the country's largest denim manufacturer with a market share of nearly 72% in terms of volumes sold in the domestic market, has announced robust 3QFY05 results. While the topline has grown by a decent 19% YoY, the bottomline has improved by an impressive 89% YoY. Strong denim volumes and improved realizations have helped the company boost performance.

Arvind Mills: Denim disappoints

Mar 12, 2004

Indian textile major, Arvind Mills, declared lacklustre results for the December quarter 2003. The topline of the company dipped by around 8% during the quarter. Relatively high cotton prices affected operating margins significantly (down 530 basis points), as a result of which the bottomline of the company decline by 48% YoY.

Arvind Mills: A review

Oct 6, 2003

Arvind Mills is the flagship company of the Lalbhai Group. It is world’s third largest and India’s largest denim producer and commands 70% domestic market share with 120 m meters of denim rolling out every year. The company is also into knitting and shirting. Apart from textiles, Arvind Mills has presence in ready-to-wear, agrochemical and telecom industry through its subsidiaries.

Raymond: An overview

Sep 25, 2003

Raymond’s business interests comprise fabrics, denim, branded garments and files tools. It is the world’s third largest integrated manufacturer of wool and wool blended fabrics with production capacity of 25 m meters. It is also the world’s largest steel file manufacturer with over 90% domestic market share and 30% share globally. It is among the top denim manufacturers in the country.

Arvind Mills: Improved realisations

Sep 11, 2003

With the phasing out of the MFA (Multi-Fiber Arrangement) in 2005, Indian textile majors like Arvind Mills will have an opportunity to improve their access to the textile markets based in Europe and the US. In this article, we look at the 1QFY04 results of company and analyse the performance of its various divisions.

Raymond: Other income fillip

Aug 21, 2003

The post 2005 scenario for the textile sector has raised lot of hopes among investors in general. While it is not as rosy as it seems, some companies are in a position to capitalise on the growth opportunity arising out of removal of WTO restrictions. Raymond is one among them. We consider the 1QFY04 performance of the company in general and future growth prospects.

Indian Textiles: 2005 and beyond

Jun 23, 2003

The Indian textile sector is due for a sea change from January 1, 2005. This is when the sector will be free from quotas and India will be free to import and export textile goods. This is a very important development for the Indian textile industry. In this article, we try to look at some of the aspects of the post-WTO scenario for the sector.

Bombay Crying?

Oct 17, 2000

So looks like the raider and the raided in Bombay Dyeing may be smoking a peace pipe after all. The raider will get a settlement price higher than the price paid for the shares purchased while the raided will pay with a bit of pain the settlement price. The raider makes more money and the raided gets to keep a family heirloom. Everyone will be happy. Well, almost.

Bombay Dyeing net up 111%

Jun 1, 2000

Bombay Dyeing Limited has doubled its bottomline from Rs 202 m in FY99 to Rs 428 m in FY00. This is been due to the higher DMT prices in the current year. But the operating profit margins is up just marginally by 0.3%. The other income of the company also is up by 12.2% to Rs 1,022 m in FY00 from Rs 911 m in FY99. The Other Adjustments here include payment towards the voluntary retirement scheme to the tune of Rs 52 m.

Need for a sensible policy framework ...

May 20, 2000

The textile industry basically has two strands: natural and synthetic. While cotton is a natural fibre synthetic fibres comprise polyester, acrylic, nylon or viscose (which gets classified as a cellulosic fibre). Though the world over it is the synthetic textiles (particularly polyester) which forms a major part of the industry's turnover, in India the ratio is still skewed towards cotton. Infact, the proportion of cotton textiles is around 65%, though polyester seems to have caught on in recent

All set to become a textile major?

May 20, 2000

The A.V. Birla group has been working on a strategy based on focus. While Grasim would be concentrating on the cement business, Hindalco has been consolidating capacities in aluminum; Indo Gulf is focussing on copper and urea, the emerging focus area for Indian Rayon seems to be textiles.

Need for a sensible policy framework ...

May 20, 2000

The textile industry basically has two strands: natural and synthetic. While cotton is a natural fibre synthetic fibres comprise polyester, acrylic, nylon or viscose (which gets classified as a cellulosic fibre). Though the world over it is the synthetic textiles (particularly polyester) which forms a major part of the industry's turnover, in India the ratio is still skewed towards cotton. Infact, the proportion of cotton textiles is aro

New clothes for the textile industry

May 10, 2000

The de-reservation of the textile sector and the decontrol of the sugar industry are a few of the measures proposed by a special group comprising Ratan Tata and Nusli Wadia. The group was set up to suggest ways to revive traditional industries including textiles, sugar, oilseeds and tea.

Indian Rayon set to become textile major

Jan 31, 2000

Indian Rayon has drawn up a strategy to hike the capacity of industrial fabrics by over 50%, reduction in the production of blended fabrics and buying out of more brands.

Spentex net falls 62.4%

Jan 29, 2000

Spentex has registered net profit fall of 62.4% to Rs 7.1 m. Sales improved 10.1% to Rs 134.4 m.

Century Enka doubles net

Jan 29, 2000

A 28% jump in the topline has led to a doubling of the net profit for Century Enka. The company's operating margins have however fallen slightly.

Decent results from Alok; plans to enter software

Jan 28, 2000

A 34% rise in the topline has led to a 67% growth in the bottomline. While operating margins have improved slightly, the company has provided for lower tax in the third quarter. Alok plans to enter the infotech sector by taking a stake in a US company apart from setting up another joint venture with a 60% stake.

Other income boosts Bombay Dyeing net

Jan 25, 2000

A 27% rise in the turnover has led to a five fold increase in the net profit of Bombay Dyeing. The main contributor to the revenue growth seems to be the DMT division thanks to the increase in petrochem prices. Cotton still seems to be struggling. The operating margins have improved slightly. However, the other income of Rs.289 m which contributed to the pre–tax profit of Rs.155 m


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