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 crore.

Aarvee Denims and Exports is a leading global player in the textile space. Being backed by experienced promoters, the company is spreading its wings all over the globe at a fast pace. Arora Group, which is involved in the marketing of denim for over 35 years and VB Group which has been involved in textile trade for over 50 years are the forces behind this dynamic organization. More than five decades of experience, well qualified human resources and state of the art production units have made us India's second largest denim manufacturer.

India’s annual denim production stands at 700 million metres, of which around 32 percent is exported. As per industry estimates, India’s total denim exports were recorded at around 180 million metres last year, which may go marginally up to 200 million metres this year.