Shri Lakshmi news and archive

Shri Lakshmi Cotsyn lines up Rs 1,300 cr investment

Noida-headquartered Shri Lakshmi Cotsyn plans to infuse Rs 1,300 crores on capacity expansion, to focus on its terry towel production and yarn spinning operations. “The company is planning to invest Rs 700 crores in terry towel capacity expansion. We have a capacity of 15,000 tonnes per annum currently and post expansion, the capacity will...

Apparel

Shri Lakshmi Cotsyn Q1 net profit up 41%

Shri Lakshmi Cotsyn has announced its net profit rose 41.3 per cent to Rs 403 million for the quarter ended June 30, 2012, as against Rs 285 million in the corresponding quarter last fiscal. The company is an integrated textile player engaged in manufacturing and processing of a wide range of end-to-end textile products and safety textiles for...

Apparel

Shri Lakshmi Cotsyn Q3 net up 41%

Textile firm Shri Lakshmi Cotsyn announced that its net profit rose by 40.72 per cent to Rs 38.98 crores for the third quarter ended March 31, 2012. The company had posted a net profit of Rs 27.7 crores during the same period of previous year, SLCL said in a filing to the BSE. The net sales of the company rose to Rs 695.14 crores during the...

Fashion

DYFI(R) to unveil a women’s line by autumn/winter ’12

Shri Lakshmi Cotsyn’s young, trendy and fashionable brand DYFI® is on an expansion mode. Commenting on their retail strategy, Shakti Sinha, Business Head, Shri Lakshmi Cotsyn (DYFI®) says, “We hope to grow by 250 per cent by March 2013. While many international brands are coming to India and those that are already here, are looking beyond metros...

Fashion

DYFI to launch women’s line next fiscal

DYFI Jeanswear, a brand from Shri Laksmi Cotsyn that was test marketed in Autumn/Winter 2010, has already spread its network and is now available in about 200 MBO’s across India. DYFI kicked off its retail journey from April 2011 by opening its first exclusive store in Delhi. And within a short span, it has launched six more EBOs in North India....

Apparel

Shri Lakshmi Cotsyn net profits dip

Kanpur-based integrated textile company, Shri Lakshmi Cotsyn, has registered a net profit of Rs 21 crores during the quarter ended September 30, 2011, compared to its net profit of Rs 23 crores during the corresponding period of last year. This means the company’s net profit decreased by nine per cent this year. The decline in net profit margin...

Apparel

CRISIL gives Shri Lakshmi Cotsyn 5/5

CRISIL Research has come out with its report on Shri Lakshmi Cotsyn. The research firm has initiated coverage on the company with a valuation grade of 5/5, fundamental grade of 2/5 and maintained fair value of Rs 150 per share in its August 8, 2011, report. Shri Lakshmi Cotsyn’s Q4 FY ’11 (June-ending) revenues and profitability were in line...

Apparel

Shri Lakshmi Cotsyn launches DFYI

Do You Fit In (DFYI) is a new denim brand launched by Shri Lakshmi Cotsyn. With jeans, shirts, casual trousers, cargos, shorts and tees, DYFI, is targeted at India’s young consumers. Shri Lakshmi Cotsyn, a diversified group offering a range of textile products and safety textiles for defense and paramilitary forces, launched two exclusives...

Apparel

Lakshmi Cotsyn plans 1,500 MBOs

Shri Lakshmi Cotsyn has suffered a fall in stock by 44 per cent over the last six months. But the company’s fundamentals and outlook for the coming quarters look promising. It plans to focus on the high-margin technical textile business and retailing. The company has undertaken expansion of capacities across various segments including technical...

Apparel

Shri Lakshmi Cotsyn to have EBOs

Shri Lakshmi Cotsyn (SLCL), an integrated textile player engaged in manufacturing and processing end-to-end textile products, is launching exclusive retail outlets in tier II cities under its brand name Weaves. The company will roll out 100 franchise-owned stores in 50 cities in the next two years, starting with the first store in Chandigarh. An...