Ashapura Fashions Q4 net profit soars to 8.4 cr

Ashapura Fashion for the fourth quarter reported net profit of Rs 8.4 crore against Rs 2.4 crore. During the period under review, the company's total income stood at Rs 77 crores against Rs 95.4 crores on a year-on-year basis.

A leading manufacturer of intimate and loungewear under Valentine brand, the company has chalked out a retail expansion strategy. Ashapura aims to open 200 Valentine loungewear retail store across India over the next three years through franchises.