Vardhman Textiles Ltd Share Price – NSE  / BSE

Textiles, Small Cap

Vardhman Fabrics has an existing processed fabric capacity of 175 million meter per annum. The current capacity utilization level is 90%.

The proposed capital expenditure would be funded from either internal accruals or debt.

With the enhanced capacity, the company expects “to meet increasing demand of processed fabric in both export and domestic markets.

The Vardhman Group is one of the leading textile groups in India, with operations across the yarn, fabric, sewing threads, fibre, special alloys and garment sectors.

Vardhman Textiles had reported 46.57% increase in consolidated net profit to Rs 196.85 crore on a 4.38% rise in net sales to Rs 2,502.42 crore in Q2 FY25 as compared with Q2 FY24.

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The Board of Vardhman Textiles at its meeting held on 28 November 2024 has approved to increase the processed fabric capacity at Vardhman Fabrics, Budhni, Madhya Pradesh by about 31 million meters p.a. with a total capital outlay of Rs. 350 crore (approx.).

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Net profit of Vardhman Textiles rose 46.57% to Rs 196.85 crore in the quarter ended September 2024 as against Rs 134.30 crore during the previous quarter ended September 2023. Sales rose 4.38% to Rs 2502.42 crore in the quarter ended September 2024 as against Rs 2397.46 crore during the previous quarter ended September 2023.

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Vardhman Textiles will hold a meeting of the Board of Directors of the Company on 30 October 2024.

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