R&B Denims Ltd — 2023-01-07
MEDIA RELEASE ion R & B Denims Ltd. Plans Major Expansion & Modernizat one of the most influential textile houses with BSE listed company R & B Denims Ltd. (BSE: 538119) of over 30 million meters capacity of denim, has largest vertically integrated textile manufacturing facilities Machines. It has started to manufacture the done major expansion in with new Air jet Looms — Dobby 85 Inches. It is expected that the company will prominent luxury level of Denim Fabric with the Width of margins with this technology. At present, the generate very good margins from the current operating Killer, Lifestyle, Reliance Retail, etc. By adopting company's clients include major brands such as Arvind, available an advantage over its competitors, as it is not this new technology, the company will be able to gain domestic to many Denim Manufacturers, which will provide the company with an advantage in serving both , . as well as international consumers. FY 23. Revenues from continuing operations stood Earlier, the company delivered steady performance in Q2 after Tax from continuing business was 21240.60 at 214711.5Lakhs, EBITDA at 2337.32 Lakhs. Profit maintained our profits by focusing on cost reduction, Lakhs. Despite of the decrease in revenue from Q1 we tivity and efficiencies. flexible working capital management, and improving produc nging environment, as a result of It is expected that R & B Denim Ltd, will continue to grow despite a challe nging times. The Denim Market its robust business model and its strategic ability to navigate through challe attracting more and more people is both impacted by domestic and export issues. Denim products are y will grow at a rapid pace in the regardless of age and gender, and it is anticipated that the denim industr near future. : in Research and Development to maintain its It is imperative that the company continues to invest to stakeholders, in order to enhance technological competitive advantage and consistently deliver value use of its state of the art, ultramodern equipment, as advancements and quality improvement through the tory, in order to sustain profit margins and increase well as its fully equipped research and development labora ing a significant increase s, the company is expect operational efficiency. With the new machine installation installations. in revenue and profitability in Q4 as a result of these Meters of Denim Fabric that is equivalent to 46 Lakhs In FY 22-23 till Q2, company has Produced 74 Lakhs pair of Jeans. new at Delhi, which gave promising results in getting In FY 22-23, company participated in Denim Show Partic ipatio n at ts in domestic Market. Its Previous customer base and helped to increase demand of Produc to FY 21. Even exports in FY 22 by 225% as compared exhibitions outside India led to increase Company’s that we been able to export 40% of the total export sales with the diminishing market, till Sep’22 it has furthe r expects ents 21% of its total sales which company achieved in FY 21-22. As on Sept’22 exports repres ion. to Increase as the market heads towards Normalizat up, we ory build-up in US, once inventory starts to clear On export side, denim is largely impacted by invent Volati lity of cotton part of quarter 4. On domestic front, think they should start to normalize perhaps later volum e shrink age. with the rise in Input cost has resulted in prices and inability to increase the product’s price by Januar y end and ny expects that it should correct itself ‘As Cotton has started to normalize now, compa . revenue would follow how cotton normalizes . {2 For further information please contact: i ; Mr. Parkin Jariwala, CFO \ )s) R & B Denims Limited R&B Denims Ltd AS } Email: accounts@rnbdenims.com NES <A. ¥/ i . 5, Gujarat, India. Palsana Road, Palsana, Surat - 394 Regd. Office : Block No. AGT, Sachin Tel + 91 96012 81648 Website : www.rnbdenims.com E mail :- info@rnbdenims.com CIN: L17120GJ2010PLC062949