The company will be focusing on expanding its presence in Latin America, Europe, Africa and Bangladesh
Marking a healthy improvement in its performance, Vishal Fabrics, a denim fabric manufacturer, has seen a 92 per cent year-on-year (YoY) increase in its consolidated net profit in the first quarter of the current financial year (Q1FY26). The company will be focusing on expanding its presence in Latin America, Europe, Africa and Bangladesh.
The financial results of the company revealed that the net profit rose to Rs 9.16 crore in the recently concluded quarter from Rs 4.78 crore in Q1FY25. The company’s total income grew by 17 per cent to Rs 397.18 crore as compared to Rs 340.10 crore in the corresponding quarter of the previous financial year.
“Sustained focus on efficiency and quality was the key trigger to nearly doubling our PAT. The Indian textile industry is going through an interesting phase, with the recently concluded FTA with UK which will open up newer opportunities for the sector. We are extremely bullish on the future of the industry,” highlighted Dharmesh Dattani, Chief Financial Officer (CFO), Vishal Fabrics.
The performance was driven by healthy revenue momentum, efficient cost management, and strategic business initiatives, the company said in a statement. The company will continue to focus on new geographies for growth, operational efficiency, and value-added product offerings.
