S.Kumars Nationwide Ltd (SKNL), the country’s fast growing textile major, operating across all segments – fabrics, ready-to-wear & home textiles, today, said the company has consistently shown growth in performance across all its business divisions. The company has recorded robust growth in the financial results as has been demonstrated in the third quarter ending, December 31, 2007. The sales turnover is expected to grow at a healthy rate of plus 40% over the last financial year. The targeted EBIDTA is at Rs. 400 crores.

Over the years, the company has developed a strong domestic presence for all its brands. This has been followed through a robust business strategy that provides the company a strong base and front end in the textile industry and the retail market. As a part of its international growth strategy, SKNL is in active discussions with a number of business houses regarding interesting opportunities in both domestic and overseas market.

SKNL in a press statement said that “The Company’s business fundamentals are strong and all company plans and schemes are on track. The BHRL demerger has also been approved by the Hon’ble High Court and became effective from March 3, 2008. The Board of Directors today announced May 2, 2008 as the record date of its demerged business arm-Brandhouse Retails Ltd.

SKNL’s operates on sound business parameters and stringent processes. All its SBUs have been showing consistent and positive growth.

The company reiterated that it would consistently maintain its growth momentum through continued thrust on its existing businesses. SKNL’s concentration on the domestic market has permitted the company to expand market share and more importantly protect margins.

Sourced From: Mutual Public Relations

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