Sangam (India) Limited — Important, 02-08-2025: Updates

Sangam (India) achieved record Q1 revenue of ₹803 Cr, up 15% year-over-year. While gross profit was ₹298 Cr and EBITDA ₹70 Cr, net profit dropped to ₹2 Cr, impacted by higher depreciation from new asset capitalization and increased interest expenses. Operational expansion continues with ₹160 Cr planned for synthetic fabric weaving, boosting capacity. New business includes a significant order from Gelmart (Walmart supplier) and a ₹50 Cr joint venture, Goldenseams Sangam, strengthening the denim value chain. An MoU with DaMensch also signals premium apparel focus. Global trade shifts offer export tailwinds.