Levi Strauss India Pvt Ltd, manufacturer of textile products, has reported a revenue of INR 842.5 crore
in FY 16-17. The company operates the brands Levi Strauss Signature, Dockers and Levi’s, and is a
major player in the Indian retail marketplace.
|
Incorporated in 1994 |
Revenue FY 16-17
INR 840 Cr |
Profit FY 16-17 INR 58 Cr |
Financial Performance of Levi Strauss India Pvt Ltd
The company’s latest financial statement reveals an increase in revenue of 12 percent in FY 16-17 to
INR 840 crore, up from INR 750 crore of the previous fiscal year. The profit and loss statement
shows that during the same period, profits after tax dropped from INR 80 crore to INR 58 crore in
FY 16-17.
The expenses for the company stood at INR 785 crore, the bulk of which was purchases of the
finished textile products for business. There has been an increase in employee benefit expenses of
16.5% from the previous fiscal year. The negative ‘changes in inventory’ data on the balance sheet
suggests that the company had lower sales in FY 16-17, but this may be attributable to the slowing
economy in that fiscal year.
Corporate cost sharing and royalties to the parent company have also led to expenses of INR 88
crore while exports have contributed to an income of INR 23 crore.
About Levi Strauss India Pvt Ltd
Levi Strauss India Pvt Ltd is an Indian subsidiary of Levi Strauss & Co, and it was incorporated in
1994 in Bengaluru. The company has since then won awards for strategy as well as for being one of the
top SME businesses to work in, in India. In recent years, the company has employed an effective
strategy of working with larger but fewer retailers, and have managed to grow sales by 10 percent in a
weak retail market. The brand is strongly identifiable with classic American denim apparel, and it
continues to hold its own and grow against strong competitors like Wrangler, Lee and Flying Machine.
(For annual reports, financial statements, company research reports, directors and other financial information on Indian companies, head over to www.tofler.in – Business Research Platform.)
Tofler makes no claim of ownership or affiliation with any trademark / logo (REGISTERED OR UNREGISTERED) used in this article. Trademarks or logos, if any, published on this page belong to their respective owners.
