Celebrity Fashions Q2 loss at Rs 3.82 cr

Celebrity Fashions reported net sales/income from

operations to the tune of Rs 28.22 crores for the quarter ended September 30, 2011 as against Rs 40.82 crores for the quarter ended September 30, 2010. The net profit/loss was at Rs 3.82 crore for the quarter ended September 30, 2011 against Rs 7.18 crores for the quarter ended September 30, 2010. The company has reported an earning per share of Rs 1.96 for the quarter ended September 30, 2011 as compared to Rs 3.85 for the quarter ended September 30, 2010.

Celebrity Fashions is one of India’s consummate garment exporters with the capability of manufacturing the largest number of trousers in the country. Indian Terrain the well known brand was hived of sometime ago.

Celebrity Fashions was incorporated on April 28, 1988. It started off as a small 50 machine factory and with 72 people, in Chennai. It then went on to become a public limited company on September 12, 2005 and subsequently its name got changed to Celebrity Fashions Limited. The Rs 280 crores company is engaged in the business of designing, manufacturing and exporting/retailing of readymade garments. Earlier, the operations of the company are broadly segmented into two divisions, namely the domestic division (under the brand, Indian Terrain) and the export division. The export division was further sub-divided into the tops division and the bottoms division. However, the company de-merged into three units – Celebrity Fashions, which handles the tops business for exports; Celebrity Clothing, catering to the bottom requirements of the export industry; and Indian Terrain the domestic entity. Celebrity Clothing is a wholly owned subsidiary of Celebrity Fashions, while Indian Terrain is completely independent of CFL.