homeearnings NewsDenim business operating at full capacity; volumes higher than pre COVID levels: Arvind
Denim business operating at full capacity; volumes higher than pre-COVID levels: Arvind
Arvind’s jeans business is running at full capacity, Punit Lalbhai, ED, told CNBC-TV18. However, the shirts and knits businesses started before COVID-19 are at lower levels of utilization. But forward bookings for both are significantly higher than in the past
Arvind’s jeans business is running at full capacity, Punit Lalbhai, Executive Director, told CNBC-TV18.
The textile manufacturer reported good earnings for the September-ended quarter, which saw margin expansion and fabric volumes exceed pre-COVID-19 levels.
“Our jeans and essentials businesses are at full capacity. It's the shirts business and the knits business which were started before COVID-19 that are at lower levels of utilization. But our forward bookings in both these are significantly higher than in the past," Lalbhai said.
On margins, he said, “The entire inflationary environment has been challenging over the last six months. Despite that, we have been able to deliver these margins, which is heartening and we would like to continue this trend.”
According to him, the current volumes are higher than pre-COVID-19 levels. “We are currently doing volumes that are slightly higher than pre-COVID levels. The real point to focus on is that we are at all-time highs of capacity utilisation and a very strong demand forecast,” said Lalbhai.
For the entire management interview, watch the video
(Edited by : Thomas Abraham)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Rapido offers free rides to voters to polling stations on May 13 in Hyderabad, 3 other cities
May 6, 2024 5:49 PM
Lok Sabha elections 2024: Seats to date, all you need to know about third phase of voting
May 6, 2024 4:49 PM
Concerns on low voter turnout a "myth"; absolute number of voters correct way to analyse: Report
May 6, 2024 2:57 PM
Haryana Lok Sabha elections 2024: A look at JJP candidates
May 6, 2024 2:26 PM