Suketu Shah says that beyond its existing volumes to Nepal and Sri Lanka, the company is exploring the Portugal, Panama, Kenya, Morocco and Bangladesh markets
Denim manufacturer Vishal Fabrics is looking to diversify exports to drive near-term growth. The company is actively exploring the Portugal, Panama, Kenya, Morocco and Bangladesh markets, its senior official said.
“Beyond our existing volumes to Nepal and Sri Lanka, we are actively prospecting in Portugal, Panama, Kenya, Morocco and Bangladesh. Our aim for the near term is clear: export over five lakh metres of denim while building relationships that endure,” Suketu Shah, Chief Executive Officer (CEO), Vishal Fabrics, said in the company’s annual report for 2025-26.
Shah added that the coming years will be guided by disciplined expansion, customer-led innovation and stronger market integration. Highlighting that the textile sector witnessed volatility in raw material prices, fluctuating demand trends and persistent global uncertainties in the last fiscal year, the CEO noted that it impacted the overall industry performance.
“Our strategic focus remained centred on enhancing productivity, improving resource utilisation and strengthening business fundamentals to navigate the evolving business environment effectively,” Shah pointed out.
Key Focus On Profitability
Chief Financial Officer Dharmesh Dattani added that strategic emphasis on debt optimisation, prudent treasury management and disciplined expenditure enabled the company to reinforce its financial fundamentals while supporting ongoing investments in technology, sustainability and operational enhancement initiatives.
“In the coming fiscal, our priorities will remain focused on improving profitability through operational excellence, strengthening return ratios and maintaining a robust financial framework capable of supporting sustainable growth,” the CFO highlighted.
During the year under review, the company reported a turnover of Rs 1,602.11 crore, up from Rs 1,519.83 crore in FY25. The profit before depreciation and tax was Rs 74.78 crore as compared to Rs 78.10 crore in the previous year. The profit after tax for the year Rs.32.18 crore compare with Rs 23.83 crore reported in FY25.
The CFO noted that continuous efforts towards process rationalisation, tighter cost controls and optimisation of resource deployment contributed towards maintaining financial stability despite industry-wide pressures on margins and demand.
