Published
Aug 6, 2019
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Bombay Dyeing Q1 net profit jumps 129 percent to Rs 28 crore

Published
Aug 6, 2019

Bombay Dyeing & Manufacturing Company Ltd witnessed a 129 percent rise in net profit to Rs 28 crore ($4 million) for the first quarter ended June 2019, as against a net loss of Rs 94 posted in June 2018. 
 

Bombay Dyeing Q1 net profit jumps 129 percent to Rs 28 crore - Bombay Dyeing


The company’s revenue for the April-June period grew by 64 percent to Rs 649 crore, as compared to Rs 397 crore it had reported during the corresponding quarter of last fiscal.
 
The polyester segment contributed Rs 341 crore to the company’s overall revenue while retail and textile represented Rs 57 crore.

Bombay Dyeing’s earnings before interest tax depreciation and amortization (EBITDA) also witnessed a huge rise to Rs158 crore in June 2019, up 636 percent from Rs 21 crore in reported June 2018.
 
The company had recently forayed into the apparel sector with the launch of its menswear brand ‘Cezari’ and has planned massive expansion.
 
Bombay Dyeing will be expanding across India with 100 franchise stores as the company is eyeing revenue of Rs 500 crore by 2020. The stores will house the Cezari brand along with the company’s home textile products.
 
The company currently has 27 company-owned stores, 3,000 multi-brand stores and over 400 franchise stores across India, in addition to all the major e-commerce platforms.

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