Bombay Dyeing’s net profit is expected to drop to Rs 32 crores at a rate 58.9 per cent quarter on quarter. Net revenue for the fourth quarter of financial year ’16 is expected to surge to Rs393 crores, at a rate of 17.1 per cent quarter on quarter but declining 48.1 per cent quarter on quarter. Operating profit margin is likely to be at 9.5 per cent, with a quarter on quarter jump of 1,253 basis points and a drop of 2,142 basis points year on year.
Bombay Dyeing is a flagship company of the Nusli Wadia group that was established in 1879. It is engaged in manufacturing textiles and chemicals. Textile manufacturing is the main activity of Bombay Dyeing. It manufactures cotton suitings, polyester cotton suitings, shoe linings and duck fabrics, satin furnishings, yarn dyed fabrics, towels, table tops and napkins, satin bed sets etc. Nearly 50 per cent of its textile production is exported.
The company is the largest manufacturer of Dimethyl Terephthalate (DMT) in India. DMT is the raw material for manufacturing polyester fiber, film, filament and yarn and engineering plastics. Presently it has a distribution chain of over 600 exclusive stores across the country.
www.bombaydyeing.com/
