Vardhaman Textiles’ consolidated revenue for the fourth quarter registered a 8.9 per cent year on year increase. This was primarily driven by a 10 per cent year on year decline in income from acrylic fiber. EBITDA for the quarter fell nine per cent year on year with a corresponding margin contraction of 405 basis points. EBITDA margin for the quarter stood at 20.6 per cent. This margin contraction was aided by 17 per cent year on year growth in cost of material consumed. PAT for the quarter saw a year on year decline of 9.5 per cent.

For the full year, revenue jumped by three per cent while EBITDA rose by two per cent. Net profit was up 60 per cent year on year. Vardhaman makes almost all types of yarn, barring a few synthetic yarns like 100 per cent polyester. Otherwise it is a pioneer in cotton, cotton blended, cellulosic. Vardhaman has 1.1 million spindles and it makes 6, 00,000 tons of yarn a day. Of the total capacity one-third goes for captive consumption. Another one-third goes for the Indian market. And one-third goes for exports. The company uses innovative fiber blends and it has special products to cater to customers’ needs. Today 50 per cent of its production is of value added yarns for India.