KG Denim news and archive

Export performance of denim companies boost Q3 profits

Indian denim manufacturers are facing low demand and oversupply situation in the domestic market. But their efforts to explore untapped export destinations, companies like Arvind, Nandan Denim (NDL) and KG Denim were able to book profits in the third quarter of fiscal 2014. They also invested in capacity expansion of their units to cater to...

Apparel

KG Denim Q2 profit down to Rs 3.31 crore

KG Denim registered net sales/income from operations of Rs 160.37 crores for the quarter ended September 30, 2013 as against Rs 135.11 crores for the quarter ended September 30, 2012. The net loss was at Rs 3.31 crores for this quarter as against Rs 5.58 crores for the quarter ended September 30, 2012. The company has reported an EPS of Rs 1.29...

Apparel

Denim players witness positive Q1

Despite oversupply of stocks and continuous rise in production capacity, Indian denim brands recorded double digit growth in their bottomline for the first quarter of fiscal 2013-14. Major players like Arvind, KG Denim and Nandan Exim were able to post over 20 per cent growth in their net profits for the quarter. For instance, while Arvind’s...

Apparel

Denim players foresee better margins in Q3

Buoyed by growth in domestic and overseas market, after a subdued period Indian denim manufacturing firms have either posted better results during third quarter of current fiscal or expect to do so. Companies believe after a dismal first two quarters, the third quarter has brought back some positivity in the denim fabric sales, leading to better...

Fashion

Trigger: Plans in place to be a Rs 500cr brand by 2020

Vying to be a Rs 500 crores brand by 2020, Trigger the popular denim brand is currently focusing on aggressive retail expansion and plans to come up with a range for girls this year under the Trigger brand name. The brand is a part of renowned denim fabric export house KG Denim. Elaborating on the retail strategy and other plans in the pipeline,...

Apparel

KG Denim reports Rs 74.8 million profit FY-12

KG Denim has announced its financial results for the period ended March 31, 2012. The company has posted a net profit of Rs 0.10 million for the quarter ended March 31, 2012 as compared to (Rs 1.6) million for the quarter ended March 31, 2011. The total income was at Rs 1,028.3 million for the quarter ended March 31, 2012 whereas the same was at...

Apparel

Competition may affect margins in the denim segment

With many new companies entering the denim fabric space and existing companies expanding their production capacities in anticipation of high demand, experts feel that such a heightened competing environment would put pressure on denim makers’ profit margins. According to analysts, domestic as well as international demand for denim has been...

Apparel

Positive Q2 results bring cheer to denim players

Though the branded apparel industry has been dealing with issues like excise duty, high raw material costs and low consumer buying, the denim fabric industry have witnessed good growth. Their bottom lines have increased with positive second quarter results on the back of better inventory management this year. The big names that booked profits...