Nandan Denim (NDL), one of the largest integrated denim fabric manufacturers in India, reported revenue growth of 22.7 percent at Rs 1,096.53 crores for the year ended March 31, 2015 and a CAGR growth of 21.2 per cent over the previous five years ending FY15. During the same period, NDL reported EBIDTA of Rs 165.44 crores, up by 24.7 per cent as compared to FY14. Profit after tax grew by 30.7 per cent to Rs 51.37 crores with a CAGR growth of 31.2 per cent over the previous five years ending FY15. NDL reported healthy EBIDTA and PAT margin in FY15 at 15.09 per cent and 4.69 percent respectively.

Growth in revenue was on the back of better scale of operations driven by capacity expansion, penetration in export segment and product diversification into yarn dyed shirting segment. Profitability improvement was on account of cost rationalization coupled with improved sale realizations with higher proportion of value added products.

During FY15, export constituted 13 per cent of its revenue and going forward the company intends to increase its share in the international trade. NDL derived 11 per cent of its revenues from shirting business. The board declared a dividend of 16 per cent or Rs 1.60 per equity share including interim dividend of 6 percent.

NDL has earmarked a capacity expansion plan of Rs 612 crores. Capacity expansion will enable the company to strengthen its domestic market share, expand its exports business and have an increased focus on value-added segments.