Denim Business Vertical & Management Overview
From JMD's Desk
March 2023
Commenting on the results, Mr. B. M. Sharma, Joint Managing Director of
RSWM Limited said,
"In the past three quarters, our revenues have faced a decline. However, we are
confident that this downward trend has bottomed out, and we anticipate a
turnaround in the fourth quarter of FY23. We are determined to seize growth
opportunities and enhance our market share after the recent downturn. The
long-term macroeconomic conditions appear favourable for our business
expansion.
Looking ahead to FY24, RSWM is focused on revolutionizing the fashion
industry by embracing sustainability practices driven by environmentally
conscious consumers. The market for sustainable fashion is projected to reach
$9.81 billion by 2025. Brands are adopting initiatives like recycling and
incorporating innovative technologies.
We are steadfast in our commitment to long-term goals, which include
expanding our product line, fortifying our financial position, and increasing
profitability through operational efficiency. With determination, perseverance,
and a focus on achievement, we will continue to pursue these objectives in the
years to come."
www.rswm.in
RSWM Limited
an LNJ Bhilwara Group Company
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