Coimbatore based KG Denim is facing a six fold jump in net profit in the three months ended June 30, 2016, as against the same quarter of fiscal 2015-16.
The increase in net profit in the April to June 2016 quarter was partly helped by operating profit which soared 48.08 per cent over the prior fiscal’s first quarter.
However, net sales of the company dropped 1.80 per cent from a fiscal ago quarter.
KG Denim is a denim and apparel fabric manufacturer, which caters to fashion brands and retailers across the world. It went public in 1993. The company’s product divisions include denim, apparel fabric and home textiles. Its denim products include authentic ring denims, selvedge denim, organic/bio denims, tencel denim, printed denim and coated denim. The apparel fabric products include stretch twills, jean twills, and stretch, with or without lycra.
The home textiles range includes a blend of cotton and natural fibers, such as wool, linen and fiber blends.
The company currently manufactures 24 million meters of denim fabrics, 12 million meters of cotton fabrics, two million equivalent sheet sets of made–ups and three million jeans and trousers. KG Denim has a jeanswear brand called Trigger.
