Nandan Exim news and archive

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

Nandan Exim expands shirting and denim capacities

Nandan Exim, a flagship company of Ahmedabad-based Chiripal Group, has forayed into shirting production and proposes to expand its denim capacity to grab the opportunity of increasing demand in domestic and international markets. Announcing its third-quarter results, Chairman Vedprakash Chiripal said the company had increased its expansion...

Apparel

Indian denim players eye 15% export growth

India’s domestic denim market is said to be growing by 10 per cent, and now cut in denim production by China and the US has propelled export order books by 15-20 per cent for Indian players. Though there has been a strong competition from Pakistan and Bangladesh, Indian players are witnessing a 15 per cent surge in foreign orders. Many denim...

Apparel

Textile mills increase wages to avoid Arvind like strike

An impact of workers' strike at Arvind Naroda plant is being taken seriously by other textile mills. Post-strike at Arvind plant, a few textile mills have hiked wages to pre-empt any untoward incident at their plants. Among them are Diamond Mills, a textile processing house and Nandan Exim, the denim arm of Chiripal Group. While the former has...

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...