Century Textiles’ ebitda for the third quarter fell 16.02 per cent. On a consolidated basis, net profit dipped 57.37 per cent while net sales declined 9.25 per cent. On a standalone basis, net profit slumped 34 per cent while net sales declined 9.25 per cent.

The company maintains a positive outlook for both the paper and textile divisions and hopes present better revenues and ebitda levels in the last quarter of the financial year. With external environment being uncertain, the company is focusing on internal strategies to substantially improve operational efficiencies and renewed focus on cost optimisation to secure the margins. The company has set out an action plan to completely wipe out single use plastic and take a big step towards sustainability making its businesses free of all objectionable single use plastic items. The company is taking comprehensive steps to build a sustainable business model by focusing on innovation and new value added products which will help in creating value propositions for stakeholders.

Century Textiles and Industries is a commercial powerhouse with interests in diverse industries. Currently, the business house is a trendsetter in cotton textiles and also has a presence in pulp and paper and real estate.