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Home / News / Garware Technical Fibres revenue crosses ₹1000 cr in FY19

Garware Technical Fibres revenue crosses ₹1000 cr in FY19

Jun '19
Pic: Garware Technical Fibers
Pic: Garware Technical Fibers
Garware Technical Fibres Ltd, a leading manufacturer of technical textiles for the Indian and global markets, has reported revenue growth of 23.3 per cent to ₹289.5 cr in Q4FY19 for the financial year ending March 31, 2019, as compared to ₹234.8 cr in Q4FY18. For FY19, revenue grew by 14.9 per cent to ₹1017.8 cr in FY19 as against ₹885.5 cr in FY18.

“The year has been an exciting one on many fronts. We have transformed our brand identity and have crossed the milestone of 1000 crores topline. Accelerated execution of better ideas has resulted in improving our ROCE by 160 basis points. Our value added differentiated products are gaining widespread acceptance with our customers and we have a robust pipeline of innovative solutions that have poised us well to deliver on our five year profitable growth trajectory,” said Vayu Garware, CMD, Garware Technical Fibres in a company press release.

Garware Technical Fibres is an ISO 14001:2015 and ISO 9001:2015 certified company and a leading player in technical textiles specialising in providing customised solutions to its customers worldwide. Globally, the company is known for its applied innovation in the field of sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geo-synthetics. The company’s products are manufactured in state-of-art facilities at Wai and Pune and marketed in more than 75 countries. (PC)

Fibre2Fashion News Desk – India

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