GHCL Expects Lift from Textiles
By Staff -- Home Textiles Today, 11/26/2007
Mumbai, India — The rapidly growing home textiles segment of GHCL accounts for 41% of total company revenues, but what proportion it will ultimately contribute to profits is a story that will begin in 2008.
From a corporate point of view, the massive investment in home textiles made by GHCL over the past year stands to energize overall results, as the core business in chemicals shows signs of maturation and slower sales and profit growth.
Rupees-to-dollars calculated by Nov. 19 exchange rates.
| Qtr. 9/30 ($ millions) | 2007 | 2006 | %change |
| Sales, Total | $62.1 | $50.0 | 24.2% |
| Inorganic Chemicals | 34.5 | 36.6 | (5.7) |
| Home Textiles | 25.4 | 12.6 | 101.6 |
| Oper. Income (EBIT) | 11.0 | 10.4 | 5.8 |
| Inorganic Chemicals | 8.7 | 9.7 | (10.3) |
| Home Textiles | 0.3 | 0.2 | 55.4 |
| Net income (pre-tax) | 7.2 | 9.6 | — |
| Six months | |||
| Sales, Total | 123.2 | 92.6 | 33.0% |
| Inorganic Chemicals | 72.8 | 70.9 | 2.7 |
| Home Textiles | 47.6 | 20.4 | 133.3 |
| Oper. Income (EBIT) | 25.2 | 23.7 | 6.3 |
| Inorganic Chemicals | 22.4 | 22.7 | (1.3) |
| Home Textiles | 0.7 | 0.6 | 16.7 |
| Net income (pre-tax) | 17.7 | 21.6 | 18.0 |
| (loss) |
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