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| The Textile Magazine
JUNE 2012
ment. This is testimony to its brand strength and op-
erating efficiencies that enabled it to deliver superior
returns in varied environments.
Improved brand visibility, expanding product port-
folio, a de-risked business model with presence across
product categories and socio-economic segments,
vertically and laterally integrated businesses, seamless
supply chain and expansive distribution network have
been key drivers of SKNL’s growth. The company
performance is reflective of sound business poli-
cies, well-defined growth strategies, strong execution
capabilities and a bold vision of being a clothier to the
nation today and to the world tomorrow.
Commenting on the results and performance for
FY2012, Mr. Nitin S. Kasliwal, Managing Director
and Vice Chairman of SKNL, said: “I am pleased
to share we have made noteworthy progress during
the year, with both the revenue and operating profit
showing growth in a sluggish economic environment.
The year witnessed strategic operational developments
enhancing our value proposition, as well as higher
volumes and realizations across our product portfo-
lio. ‘Belmonte’ and ‘Reid & Taylor’ continue to be
principal drivers of the domestic business with robust
performances. The Luxury Cotton division is growing
at a steady pace benefiting from increasing utilization
levels, and we expect to maintain this momentum”.
The ‘Ready to Wear’ vertical recorded the high-
est growth across businesses. The company brand
‘World Player’, which caters to the economy segment,
corporate news