Mandhana Inds sees 4Q margins up on high exports, volumes

Newswire

MUMBAI, Jan 31 (Reuters) - Textiles firm Mandhana Industries expects operating margins to rise to by 1 percentage point to 18.5-19 percent in the March quarter due to high exports and better economies of scale, a senior official said on Monday. The company's operating profit margin fell to 17.5 percent in the quarter to December from 20.1 percent a year ago on higher yarn prices as cost of cotton - a key raw material - soared to record high, Mitesh Shah, vice-president of finance, told ...

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