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Valentine Forays into Retail Business

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, the flagship company of Ashapura –Valentine Group has entered into retail segment. The company’s flagship Valentine showroom spread over 1550 square feet has opened at Hill Road, Bandra, Mumbai. The 2nd Valentine showroom is planned to open next month at Mulund, Mumbai. The company plans to set up 10 company-owned retail outlets across Mumbai by the end of March 2015.

These showrooms will sell intimate garments such as loungewear, bridal nightwear, honeymoon sets, bathrobes, nightwear, sportswear, legging, camisole, bra & panties etc. The new loungewear range is meant for gents, ladies, kids and toddlers., Chairman & managing Director of Ashapura Intimates Fashion Ltd said, “the company plans to expand retail showrooms on franchise basis across India. The company has its manufacturing unit located at Thane. The company is in the process of acquiring 2.25 lakh square feet land in Gujarat for the setting up of another state of the art manufacturing plant. Once it becomes operational, the production capacity will be doubled.

Ashapura Intimates Fashion Ltd has shown encouraging results for the six months ended on 30th September 2014. The total income rose to Rs.78.29 crore, which was Rs. 71.64 crore in the corresponding period of previous year. Profit before tax went up to Rs. 4.09 crore which was Rs. 3.54 crore. Profit after tax shoot up to Rs. 2.77 crore, whch was Rs. 2.39 crore in the previous year.