Provogue (India) Limited

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BSE Code: 532647       NSE Code: PROVOGUE

Business Profile
Business Profile
Provogue (India) was incorporated as Acme Clothing Private Limited in 1997 and changed its name to PIL in 2005. The company started operations by launching the men`s ready-made garment segment under the Provogue brand in 1998. Consequently, the brand was extended to the women`s wear and accessories and was positioned as a fashion brand and not just a garment brand.

The company operates in designing, manufacturing and selling of branded ready made garments and other accessories. PIL has its own 600,000 manufacturing facility at Daman. Currently, this unit is being used exclusively for the manufacture of shirts and ladies`tops.

The company`s distribution strategy comprises a mix of own branded stores, Provogue Studio, network of national chain stores and other MBOs. It also exports finished fabrics, dyestuffs, chemicals and textile machines to the markets in the African continent, contributing 45% to revenues.

Acme Hotels and Hospitality is a subsidiary engaged in the business of hospitality and manages the `Provogue Lounge.` The lounges work as Provogue Studios in daytime and restaurants in the evening with an extensive selection of food, beverages and entertainment at value prices.

The company plans to increase its exclusive branded outlets by another 40 numbers. Further, it plans 21 mega Provogue stores taking its total retail space to around 1.5 lakh sq ft by FY07. There are also plans to enter the international markets, initially through the neighbouring South Asian and Gulf countries and later the more lucrative European and American markets.

Financials
Provogue (India) registered a 53.70% growth in net profits to Rs 68.18 million for the quarter ended in September 2007 from a profit of Rs 44.36 million for the quarter ended in September 2006Net Sales rose 41.51% to Rs 936.71 million for the quarter ended September 2007 from Rs 661.93 million for the quarter ended September 2006.Total income rose 42.89% to Rs 948.79 million for the quarter ended September 2007, from Rs 663.98 million for the quarter ended September 2006.The earnings per share (EPS) of the company stood at Rs 3.57 in the quarter ended September 2007 .

Recent Developments
22-JAN-08
Provogue India acquired a majority stake in Sporting and Outdoor Ad-Agency. Sporting and Outdoor Ad-Agency is engaged in the business of outdoor advertising and publicity.

14-NOV-07
Provogue India acquired a majority stake in Pronet Interactive, which is engaged in the business of developing social networking websites.

Other Information
Annual Reports for Provogue (India) Limited
Annual Report YearDownload Annual ReportDownload Report Preview
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04

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