The company posted a four-fold rise in its Q3FY14 net profit and the market is celebrating this fact. Its consolidated net profit grew from Rs.13 crore in Q3FY13 to Rs.57 crore in current Q3. This performance was on the back of strong margin expansion. Total income was up at Rs.1208 crore v/s Rs.1053 crore (YoY). EBITDA grew by 35% to Rs 164 crore and EBITDA margins improved by 202 bps (YoY) to 14%. NPM also rose sharply from 1% to 5%.

In terms of segments, branded textiles revenue was up 8% and EBITDA margins improved by 234 bps. Sales in branded apparel rose 15% with EBITDA more than doubling up. In garments, sales was up 45% due to higher exports with EBITDA margins expanding 88 bps. Its retail presence now stands at 955 stores. Denim was a bit subdued with its sales showing a 8% rise but EBITDA margins contracted 4%. Cotton shirting fabric too was impacted due to higher cotton prices and lower exports. Tools and hardware showed a 15% rise in sales and auto components sales rose 13%.