Aarvee news and archive

Aarvee net profit declines 64.64 percent in Q3

Aarvee Denims & Exports has reported a fall in its net profit by 64.64 percent to Rs 0.93 crore in the quarter ended December 2013 as against Rs 2.63 crore during the same quarter ended December 2012. Sales however rose 7.09 percent to Rs 149.15 crores in the quarter compared to Rs 139.27 crores during the same quarter last year. In the second...

Apparel

Aarvee Denims net profit increases Rs 2.63 cr

Aarvee Denims and Exports has reported a standalone sales turnover of Rs 144.33 crores and a net profit of Rs 2.63 crore for the quarter ended Dec '12. Other income for the quarter was Rs 0.59 crore. For the quarter ended December 2011 the standalone sales turnover was Rs 159.05 crores and net profit was Rs 3.66 crore, and other income Rs 0.83...

Apparel

Indigo price rise upset denim makers

Despite a recent drop in prices of cotton, consumers will have to shell out extra for their denims. And this time the blame is on the increase of import prices of indigo dye which is used in making denims. India imports almost 100 per cent of the raw material from China. Dwindling rupee value has led to an increase of 25-30 per cent in import...

Fashion

India’s denim industry gains as China’s cuts production

The Indian denim industry is on a high thanks to China. With China and the US significantly cutting their denim capacity over last year, Indian denim makers’ business has seen a surge lately. While the domestic market has been growing by 10 per cent, the foreign order books have risen between 10 per cent and 15 per cent, say experts. Meanwhile...

Apparel

Aarvee’s denim fabric exports grow

While concentrating more on the overseas market rather than the domestic, Aarvee Denims and Exports Limited as a leading global player in the textile industry, has recently revealed a massive 100 per cent growth in denim fabric exports in fiscal year ended March 31, 2011. Of the Rs 4.94 billion revenue that Aarvee posted in the previous fiscal,...

Apparel

Aarvee post 890% growth

A revived export market as well as increased domestic orders has resulted in Ahmedabad-based Aarvee Denims and Exports Ltd (ADEL) posting a whopping 890 per cent growth in its net profit for the financial year ended 2009-10. Apart from witnessing a substantial growth in its net profit from Rs 2.32 crores in fiscal 2008-09 to Rs 22.97 crores in...