Textiles company RSWM announced Q1FY25 results: Total sales recorded at Rs 1,208 crore during Q1FY25, up by 3.1% (QoQ) & 34.1% (YoY). Gross Profit for Q1FY25 quarter amounted to Rs 434 crore, up by 7.8% (QoQ) & 29.2% (YoY). For the quarter, the Gross Profit Margin stood at 35.9%, up by +155 bps on a QoQ basis. EBIDTA for Q1FY25 stands at Rs 54 crore, increased by 2.2x on a YoY basis with an EBIDTA margin of 4.4% which is +169 bps upward on a YoY basis. Commenting on the results, Riju Jhunjhunwala, CMD & CEO of RSWM said, “The textile industry is on a path to recovery with moderate improvement in demand domestically and in export markets. Despite challenges from global supply chain disruptions and rising logistics costs, shifts in sourcing preferences have helped stabilize Indian cotton prices between Rs 55k to Rs 60k per candy, supporting our margins. International cotton prices have declined by 10%-12%, making imported cotton more competitive, yet stable crop conditions and a good monsoon are expected to maintain stability. We anticipate improved industry utilization rates as demand picks up. Our performance in Q1FY25 remained stable due to better asset utilization and cost efficiency. Despite geopolitical challenges, realizations across business segments have improved, indicating a positive financial trend. Looking ahead, we will focus on optimizing product mixes, cost efficiencies, and capacity utilization to enhance our market position. Strategic investments in renewable energy and a commitment to innovation and value additions will drive our long-term growth. The Union Budget 2024-25, with its increased funding for the textile sector, will further support our initiatives and growth." Result PDF