Turnover in the quarter stood at Rs 396 crore (Rs 375 crore). Operating profit fell to Rs 89 crore (Rs 98 crore). The company has blamed high cotton and naphtha prices for the operating margin of the company. |
Jayesh Shah, chief financial officer, said: "In spite of resurgent denim demand, the results of the current quarter have been adversely affected by increased input cost. The power and fuel cost rise would be addressed once the captive power plants shift to gas as fuel." |