Vardhman Textiles Q1FY24 results reported


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.

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