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Mumbai based Visagar Polytex Limited, which is engaged in to manufacturing, retail and trading of women's ethnic wear reported its FY15 results. The said numbers of FY15 are for nine months as the company changed its fiscal year ending period from June to March.
For quarter ended March 2015 the company's net profit stood at Rs. 82.89 lacs compared to a loss of Rs 33.15 lacs posted in the same quarter last fiscal.
For FY15 (9months) as a whole, the net profit witnessed 69% growth at Rs.1.71 crores vis--vis Rs. 1.01 crores profit posted for FY14.
The EPS of the company stood at Rs. 1.02 for FY15 vis--vis Rs.0.60 for FY14.
The sales for the quarter ended March 2015 stood at Rs 18.11 crore, while that for FY15 stood at Rs 60.93 crore.
The company markets its products under the brand name VIVIDHA and currently has a 2000 square feet flagship store in Kolkata. The company also recently opened VIVIDHA showroom in Jaipur to provide a premium shopping experience.
Mr Tilokchand Kothari MD, Visagar Polytex Ltd said, "We have chalked out a massive expansion plans by increasing our retail store footprint by another 200 stores in the next three years."
The company has 13 stores in Rajasthan, West Bengal and Gujarat and also has wholesale presence in about 1500 stores. The company is now looking to expand further in states such as Gujarat, Maharashtra, Madhya Pradesh and Uttar Pradesh.
About Visagar Polytex
VISAGAR POLYTEX LIMITED is engaged in textile manufacturing, wholesale, retail & trading business. We manufacture & wholesale Sarees/ Lehangas/ Suits through our offices at Surat & Kolkata. Our in-house design teams at Surat & Kolkata enable trend-setting and high quality products ensuring wonderful response from our clients based all over the country. We also retail ethnic wear through a chain of Company owned 'VIVIDHA' branded retail showrooms. The Company plans to roll out franchise showrooms soon all over the country especially North & West India.
We are the only Company in the huge Saree/ Lehanga/ Suit segment (Design /Manufacturing/ Wholesale/ Retail) to be listed on the esteemed Bombay Stock Exchange & National Stock
Exchange. Our fully integrated business model from inception to final sale of the product ensures standardization in quality of product and enhances the inherent knowledge resource and capabilities of the organization thereby securing and strengthening the long term prospects of the Company.
