Mafatlal net profit declines 70.37 percent in June quarter

Net profit of Mafatlal Industries (MIL) declined 70.37 per cent to Rs 3.87 crore in the

quarter ended June 2014 as against Rs 13.06 crores during the previous quarter ended June 2013. Sales rose 3.67 per cent to Rs 226.22 crores in the quarter against Rs 218.21 crores during the previous quarter ended June 2013.

Mafatlal Industries, the flagship company of the diversified Arvind Mafatlal Group, has decided to increase its production capacity from 20 million meters to 25 million meters and then to 30 million meters by 2015 at its Navsari unit in Gujarat. Mafatlal has an international and domestic market distribution network catering to global brands like Jack & Jones, Wrangler, Lee, and C&A as well as domestic brands like Killer, Mufti, Spykar and Allen Solly.

Mafatlal Denim has been a part of Indian denim industry for over 15 years and has over 250 different varieties of specialty denims, which include mercerized and stretch denims, coated fabrics and organic denims. The denim product range comprises of ring denims, stretch denims and super stretch denims especially for women as well as coated denims in a variety of colours. MIL offers 30 colour shades in denim.