Vardhman Textiles Limited — Important, 28-11-2024: Capacity addition

The Board of Directors of Vardhman Textiles has approved a significant capacity expansion at its Budhni, Madhya Pradesh facility. The plan includes increasing processed fabric capacity by approximately 31 million meters per annum, with a substantial capital investment of around Rs. 350 crore. The existing capacity utilisation exceeds 90%, indicating strong demand in both domestic and export markets. This strategic move is aimed at meeting the growing demand for processed fabric, reflecting a positive outlook for revenue growth and market positioning over the next two years as the new capacity comes online. Investors should watch this development closely as it could enhance the company’s competitive edge in the textile sector.