Garment Mantra spurts on plan to set up new facility in Gujarat

6 Jan 2022 , 09:42 AM

Garment Mantra Lifestyle (erstwhile Junction Fabrics & Apparels) announced that the new centralized integrated facility will efficiently cover the western region and scale up the operations of Poorti (textile wholesale surplus division). It will also give an impetus to Price Mantra (apparel convenience store) which will strengthen their brand visibility in the region.

The proposed integrated facility will scale up business operations and it is expected to add to the companys revenue in the next two years. It will further promote brand loyalty by catering to a large customer base, the company said in a statement.

The facility, which extends upto about 10,000 square feet of area, is equipped with modern facilities to manage operations efficiently. The management expects to commence operations in Q4FY22.

On a consolidated basis, net profit of Garment Mantra Lifestyle rose 166% to Rs 2.66 crore on 190.97% rise in net sales to Rs 68.61 crore in Q2 September 2021 over Q2 September 2020.

Garment Mantra is engaged in the business of garment manufacturing and selling of both knitted fabrics as well as knitted garments.

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