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R&B Denims temporarily halts production

19 Dec 2016 Evaluate

R&B Denims has decided to stop production and go in for temporary shutdown of its plant intermittently due to very grim demand in the present market condition. Sale of company’s production has considerably gone down, resulting into heavy stock of finished goods. In the best financial interest, the management of the company has taken the decision to stop production till such time the market condition improves.

R&B Denims manufactures and sells denim textile products in India. Its products include open end/ring spun yarns, slub yarns, multi count, cottons, polyester spandex products with indigo bottom sulphur toppings, and sulphur bottom and indigo toppings with foam and wet finishes.

Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
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