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Friday, 03 September 2010 |
Bombay Dyeing is recovering following measures like cost reduction and improvement in
operational efficiency. During the first quarter of financial year ’11, the overall growth was approximately 28 per cent. The losses of the textile division as well as the polyester division have come down substantially. While the textile division is striving to improve sales volume by better marketing in domestic as well as export markets. The international and domestic demand also has started looking up with the improved global economic environment.
Moreover, the company is also pursuing a strategy to increase capacity utilization in its polyester division. It is continuing to focus on a profitable product range, reduce cost in areas of operations including import of raw materials on long-term contract basis and expand the share in the domestic market to improve overall sales realization.
At the company’s annual general meeting, Nusli Wadia, Chairman, Bombay Dyeing, told shareholders that the country faces a basic problem of inflation, particularly with regard to food-stuffs and basic requirements of the people. The progress of the monsoon will hopefully mitigate some of this. Meanwhile, the company is also progressing to the next phase of real estate development. |
