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February 12, 2016 4:01 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Madura Garments Lifestyle Retail Company Limited

Company Overview

Madura Garments Lifestyle Retail Company Limited designs, manufactures, distributes, and retails apparel and accessories for men, women, youth, and children. It provides various brands of shirts, trousers, jeans, tees, tops, kurtas and fusion tops, and winterwear; and bags and scarves. The company markets and sells its products through exclusive and franchise stores, shop-in-shops, multi-brand trade outlets, hypermarkets, and department stores in India, the United Arab Emirates, Oman, Saudi Arabia, Qatar, Bahrain, Kuwait, Yemen, Sri Lanka, Nepal, the Maldives, and Uganda. It also sells products online. The company was founded in 1988 and is based in Bengaluru, India. As of January 1, 2000, M...

Plot no. 58, Regent Gateway

Doddanakundi Village

KIADB Industrial Area

ITPL Road

Bengaluru,  560048

India

Founded in 1988

Phone:

91 80 6727 1600

Fax:

91 80 6727 1616

Key Executives for Madura Garments Lifestyle Retail Company Limited

Controller
Chief Omni-Channel Officer and President of International Brands
Head of Garments and Director
Age: 64
Head of Operations and Marketing - The Collective
Compensation as of Fiscal Year 2015.

Madura Garments Lifestyle Retail Company Limited Key Developments

Indian Rayon Reports Earnings Results for the Second Quarter and Half Year Ended September 30, 2015

Indian Rayon reported earnings results for the second quarter and half year ended September 30, 2015. For the quarter, revenue was INR 2,310 million compared to INR 2,320 million a year ago. EBITDA was INR 650 million compared to INR 560 million a year ago. Segment EBIT was INR 550 million compared to INR 470 million a year ago. ROACE (Annualised) was 30% against 25% a year ago. For the half year, revenue was INR 4,530 million compared to INR 4,440 million a year ago. EBITDA was INR 1,240 million compared to INR 1,110 million a year ago. Segment EBIT was INR 1,040 million compared to INR 900 million a year ago. ROACE (Annualised) was 28% against 24% a year ago.

Indian Rayon Announces Earnings Results for the First Quarter Ended June 30, 2015

Indian Rayon announced earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenue of INR 2,220 million against INR 2,120 million a year ago. EBITDA was INR 490 million against INR 540 million a year ago.

Aditya Birla Group Plans Mega Retail Merger

Aditya Birla Management Corporation Pvt. Ltd. is planning for a merger of Pantaloons Fashion & Retail Limited (BSE:535755) with Madura Garments Lifestyle Retail Company Limited, Madura Garments Exports Ltd and Aditya Birla Retail Limited in a share-swap deal. Pantaloons will offer up to 20% of stake in tranches to new financial investors on the expanded capital after the merger is over. In step one of the transaction Madura Garments will be demerged into Pantaloons Fashion. In step two Madura Garments Lifestyle Retail will be will be demerged from Madura Garments and merged into Pantaloons Fashion. In step three, Aditya Birla Retail will be demerged into Pantaloons Fashion and group promoters will get shares of Pantaloons in exchange.

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