Bombay Rayon news and archive

Bombay Rayon net profit up 165.10 percent in March quarter

Net profit of Bombay Rayon Fashions rose 165.10 per cent to Rs 128.20 crores in the quarter ended March 2014 as against Rs 48.36 crores during the same quarter ended March 2013. Sales declined 11.88 per cent to Rs 790.05 crores in the quarter ended March 2014 as against Rs 896.55 crores during the same quarter ended March 2013. The annual net...

Apparel

Bombay Rayon suffers net loss of Rs 21.47 cr

Net loss of Bombay Rayon Fashions stood at Rs 21.47 crores in the quarter ended December 2013 as against net profit of Rs 47.20 crores during the previous quarter ended December 2012. Sales rose 0.51 percent to Rs 822.92 crores in the quarter as against Rs 818.74 crores during the previous quarter ended December 2012. In the second quarter, the...

Apparel

Bombay Rayon challenges Sebi’s plea in Supreme Court

Bombay Rayon Fashions has moved the Supreme Court (SC), challenging the Securities and Exchange Board of India (Sebi)’s decision to reject its plea seeking relaxation of warrant conversion norms. SC has now issued a notice to Sebi. In March 2012, Bombay Rayon and promoter B R Machine Tools had requested Sebi to relax the strict enforcement of...

Apparel

Bombay Rayon off Central Bank’s wilful defaulter list

Bombay Rayon Fashions has repaid one third of its Rs 100 crores debt owed to the Central Bank of India. Earlier, it was reported that the Central Bank had referred Bombay Rayon Fashions case to Reserve Bank of India as ‘wilful defaulter’. The bank had sent a legal notice to Bombay Rayon which had defaulted on payment of loan amount of Rs 4,055...

Apparel

Bombay Rayon plans strategies to lessen debt burden

Hit by global recession, Bombay Rayon Fashions is taking measures to reduce its debt burden. The company which has brands such as Vero Moda and Jack & Jones under its portfolio has appealed to its lenders to convert 10 per cent of the total loan into equity to get rid of about Rs 4,100 crores debt. As per sources, the company submitted a debt...

Apparel

Bombay Rayon Q2 net profit dips 12.5%

Mumbai-based vertically integrated textile company, Bombay Rayon Fashions, has registered a 12.5 per cent year-on-year dip in its net profit for the second quarter of current fiscal that ended on September 30, 2011. The company posted a net profit of Rs 540 million during July-September period against a net profit of Rs 620 million during the...

Apparel

Bombay Rayon to acquire STI India

Bombay Rayon Fashions (BRFL) is one of India’s most versatile manufacturers of superior quality fabrics and prêt-a-porter garments. With distinctions like being India’s largest shirting manufacturer, 50 million meters of superior textiles and 35 million finished garments per annum, this giant is constantly expanding to consolidate its empire....

Fashion

Mufti to launch women’s jeans, plans IPO

Mufti the well-known denim brand is planning to launch Mufti jeans for women in spring/summer 2010. Much on the lines of Mufti jeans for men, the new collection will be focused on the middle and upper middle class women. “The price range will be between Rs 1,599 to Rs 1,999. And we will complement it with women’s shirts,” says Kamal Khushlani,...