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Century Textiles Q1 net sales decline

Century Textiles and Industries reported net sales of Rs 2209.38 crores during the three month period ended June 30, 2018 as compared to Rs 2301.18 crores during the three month period ended June 30, 2017. Net profit was Rs 162.66 crores as against Rs 120.24 crores for the three month period ended June 30, 2017.

Mumbai-based Century Textiles and Industries is active in textiles, viscose filament yarns, cement, and pulp and paper. In the textile business, Century has two revenue streams: cotton fabric and denim units, The company has a vertically integrated plant at Bharuch for manufacturing cotton fabrics.

The cotton division of Century is one of the oldest in India and manufactures a wide range of premium textiles and supplies to many international players, including Royale Linen, Ralph Lauren, DKNY, Belk and US Polo. Century Textiles’ financial metrics declined, mainly due to its high debt.

 

 
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