Mafatlal revenues up 29 per cent

Mafatlal revenues have grown 29 per cent over the previous year. Sales volume grew by 16 per cent. All the divisions of the company recorded a marked growth in revenues and operational profits. Mafatlal has been investing in upgrading its facilities at both the textiles and denim divisions to add balancing equipment which will result in either increasing throughputs or reducing the cost of production.

To capitalise on the opportunities ahead, Mafatlal has strengthened its leadership team and its management resource base at the operative level. It is investing in various ongoing initiatives in the areas of human resource, standard operating procedures, information technology etc. The company has a strong base on the retail front with over 100 Mafatlal Family Shops across the country, and this will be further strengthened.

Mafatlal registered significant production and sales increases in the denim business which benefited a lot from the increased dyeing capacity. Sales grew by 38.3 per cent during the year under review. The product base also shifted to the higher end value-added products with dobby constructions and light weight denims. A number of new finishes were also introduced.

In the immediate future the company will focus on its core strength product segments such as school uniforms, polyester cotton and cotton white shirtings, cotton and viscose prints and high twist cotton voiles and differentiated and value-added denim products.