Ahmedabad-based Nandan Denim’s net profit rose 4.42 per cent for the second quarter of 2016-17. The company is poised to be Asia’s largest denim fabric manufacturer. Net sales for the second quarter were higher by 2.75 per cent. EBITDA and PAT margins were 16.23 per cent and 5.38 per cent. EPS stood at Rs 3.39 at a face value of Rs 10 per share.

For the six months ended September 2016, the company’s net profit rose 3.73 per cent. Net sales in the first half of 2016-17 were higher by 4.88 per cent compared to the first half of the previous fiscal. For the first half of 2016-17, EBITDA margin stood at 16.21 per cent and PAT margin at 5.35 per cent.

Nandan, opened in 2004 has a capacity for 120 million meters a year. It makes products from three ounce to 15 ounce. It has backward integration of spinning and fancy attachments. It has economies of scope and scale. It gets value addition from fabrics. Its response time is fast.

Nandan wants to shift from being a denim manufacturer to a fashion driven brand. It wants growth with value. The group turnover last year was two and a half thousand crores and Nandan’s share was Rs 1200 crores.