R and B Denims declares FY22 results; PAT more than doubles!

Amidst a challenging environment, the company persists to grow, backed by a robust business model along with its strategic ability to navigate through troubled times.

R&B Denims, which is one of the most influential textile houses with the largest vertically-integrated textile manufacturing facilities, has announced financial results for the quarter and year ended March 31, 2022. 

In FY22, the company has achieved a consolidated turnover of Rs 284.4 crore with a profit before tax of Rs 28 crore, exhibiting growth of 97 per cent on a YoY basis. The company’s FY22 profit after tax (PAT) skyrocketed 108 per cent on a YoY basis to Rs 21.7 crore. 

Amidst a challenging environment, the company persists to grow, backed by a robust business model along with its strategic ability to navigate through troubled times. For the year ended March 31, 2022, the company has produced 17.5 million metres of denim fabric, which is equivalent to 11 million pairs of jeans. 

In an exchange filing, the company stated, “Even in the domestic market, the average selling price has increased from Rs 140 in FY 2020-21 to Rs 165 mainly due to selling premium quality denim and increase in profitability as it remains eagle-eyed with inventory management policies. The efficient inventory management helped increase sales, maintain prudent working capital and increased productivity. The company increased proportion of premium products thereby, strengthening margins.” 

R&B Denims is being promoted by RawatKhedia and Borana Groups, undoubtedly two of the most influential textile houses in the polyester hub of Surat. The company is one of the few denim manufacturers capable of producing high width denim up to 76 inches. It offers large volumes of denim in similar colours as well as small lots in differentiated colours. Its clients include major brands such as Arvind, Killer, Lifestyle, Reliance Retail, etc. 

R&B Denims is currently trading at Rs 82.10 per share on BSE, down by approximately 3.18 per cent.