12 February 2022, Mumbai:
India’s most reputed and fast-growing fashion fabric brand, Donear Industries reported an 851 per cent increase in its year-on-year profit for the year ended December 31, 2021.
The company’s revenues in FY22 increased to 89.87 per cent to Rs 395 crore from Rs 208.34 crore in FY21.
Its EBITDA during the year increased by 851.43 per cent to Rs 32.78 crore compared to Rs 3.85 crore. Its Profit before Tax declined by 213.04 per cent to Rs 16.22 crore from Rs 14.35 crore.
With three decades of expertise in the textile industries, Donear is a reputed and fastest growing fashion fabric brand creating a variety of exotic suitings, trouser and shirting fabrics in India.
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The brands primarily caters to the middle and the premium segments with high quality apparel fabrics that are woven with natural fibres, synthetic fibres and its various blends.
As a brand, Donear has succeeded by maintaining pace with the changing demands of the local and global fashion trends, and primarily due to the company's; innovative approach in continuously developing newer products, using state-of-the-art-technology along with highly-skilled workforce, strong logistics, by being perpetually quality conscious, and thereby Creating World-Class Fabrics.
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