Sangam (India) achieved record Q1 revenue of ₹803 Cr, up 15% year-over-year.

While gross profit was ₹298 Cr and EBITDA ₹70 Cr, net profit dropped to ₹2 Cr, impacted by higher depreciation from new asset capitalization and increased interest expenses.

Operational expansion continues with ₹160 Cr planned for synthetic fabric weaving, boosting capacity.

New business includes a significant order from Gelmart (Walmart supplier) and a ₹50 Cr joint venture, Goldenseams Sangam, strengthening the denim value chain.

An MoU with DaMensch also signals premium apparel focus.

Global trade shifts offer export tailwinds.