07 August 2023, Mumbai
Operating leverage
Vardhman Textiles Ltd, a key player in the textile industry and part of the Vardhman Group, faced a significant decline in Q1 net profit, plummeting by 58% to Rs 136 crore ($17 million) compared to the previous year's quarter.
The April-June quarter also saw an 18% decrease in revenue from operations, down to Rs 2,318 crore.
Despite its premium shirt production for retail giants like Van Heusen, Benetton, Sisley, and Colorplus, the company encountered a challenging financial period.
