Bhartiya International Q4 FY'13 sales rise 48.7 percent

Bhartiya International, India’s leading fashion and lifestyle

house has announced a 48.70 percent rise in net sales to Rs 59 crores for Q4FY13 compared to Rs 39.7 crores in the corresponding quarter of FY12. Its net sales stood at Rs 59 crores in the fourth quarter against Rs 39.7 crores in the same quarter last year, witnessing an increase of 48.70 percent. EBIDTA stood at Rs 3.30 crore compared to Rs 2.96 crores with a rise of 11.6 percent. Company reported net profit at Rs 0.61 crore against Rs 0.56 crore, an increase of 8.07 percent.

In the entire year 2013, company’s net sales were at Rs 247.30 crores against Rs 207.38 crores in 2012, witnessing a jump of 19.25 percent. EBIDTA stood at Rs 18.89 crores compared to Rs 16.28 crores, up 16 percent. Its net profit increased 12.6 percent at Rs 8.3 crore against Rs 7.3 crore.

Net profit rose 8.07 percent to Rs 0.61 crore for Q4FY13 compared to Rs 0.56 crore in the corresponding quarter of FY12. The Net Profit for the financial year FY13 stood at Rs 8.3 crore as against Rs 7.3 crore reported in the same period of FY12, an increase of 12.6 percent. Earnings per share for FY13 stood at Rs 7.65.

The Board of Directors haS recommended a dividend of Re One per share (10 percent). Commenting on the company’s performance, Snehdeep Aggarwal, Founder & Chairman, Bhartiya International said, “The driving force of our business model is design which is reflected in both our verticals - fashion and realty. Bob Moore who has recently joined us as the CEO of Bhartiya Fashion will spearhead our foray into the US market for leather garments, textiles and leather accessories.”