Net sales of Nandan Denim in the three month ended June 30, 2018, was Rs 359.62 crores as compared to Rs 424.44 crores during in the same period in 2017. Net profit was Rs 5.23 crores for as against Rs 16.31 crores for the three month period ended June 30, 2017.
Nandan Denim is India’s largest denim fabric manufacturer. From a year-on-year perspective, Nandan completed capacity expansions at the denim fabric, shirting fabric, and yarn manufacturing units. The company’s fabric manufacturing capacity is 110 million meters per annum. Going forward, emphasis will be laid on fashion denim fabrics to target better realizations compared to regular denim material.
A combination of higher sales volumes and value added products is likely to fuel top-line growth in the coming fiscals. Denim fabric contributes 80 to 90 per cent to Nandan’s annual turnover. Nandan is gradually steering the business towards the value added denim category. A new yarn dyeing plant has been commissioned to meet input requirements of the shirting fabric department.
