Bhartiya International (Bhartiya), fashion apparel company, disclosed 43.2% increase in the net profit for the year ended March 2014. During the year, the company reported a profit of Rs 145.2 million compared with Rs 101.4 million in the same period previous year.
Net sales for the year rose 36.74% to Rs 4.14 billion, compared with Rs 3.03 billion for the prior year period.
EBITDA went up by 41.56% to Rs 398.2 million as compared to Rs 281.3 million in the previous year.
Commenting on the company's performance, Snehdeep Aggarwal, founder & chairman, Bhartiya International said, ''We are extremely happy with our growth trajectory. We had a great finish to the year, increasing our confidence as we enter FY14 -15 with a stronger vision for success. The results clearly demonstrate our commitment to grow our network, attract new customers and leverage the brand to deliver superior value to the business. We assure all stakeholders of keeping up this momentum and meeting their expectations in the coming quarters too. I am happy to share that we have added new customers in US such as Coach, Wilson, Clarks, Dillard's and the business is likely to grow further in the coming years.''
Shares of the company gained Rs 0.75, or 0.27%, to trade at Rs 274.30. The total volume of shares traded was 7,054 at the BSE (12.31 p.m., Wednesday).