Rainbow Denim's losses in the first quarter ended June 2015 narrowed to Rs 22.56 million against the same quarter previous year. Revenues for the quarter soared 90.44 per cent to Rs 602.20 million, compared with Rs 316 million for the prior year period.

Operating margin for the quarter stood at negative 0.35 per cent as compared to a negative 25.92 per cent for the previous year same period. Operating loss for the quarter was Rs 2.10 million, compared with an operating loss of Rs 81.96 million in the previous year period. Earnings per share stood negative at Rs 1.70 compared with negative Rs 7.85 in the same quarter last year.

Set in Punjab, Rainbow Denim’s plant uses rope-dyeing technology to produce over 20 million meters of denim per year. To keep pace with international fashion trends, products are engineered to meet the demands and requirements of the denim fashion brands. Denim is not only produced in different depths of blue, but in various combination shades, making Rainbow part of the select few companies in India with such manufacturing capabilities.

www.rainbowdenim.com