Garment Mantra Lifestyle Ltd has up to date its esteemed stakeholders concerning the standing of its present enterprise and outlook going ahead.
Latest restrictions are pushing the economic system at a slower tempo. The Firm is witnessing enchancment in demand surroundings arising because of the summer season season. The corporate will fulfill the orders as soon as restrictions will raise up in our state and respective states of our prospects.
Prevailing pandemic of Covid-19 has interrupted the operations for few weeks on account of lockdowns and restrictions of motion of products and providers throughout the nation and we predict it for 2 extra weeks. Nonetheless, as soon as the unlocking interval will begin, the corporate will maintain achievement of buyer orders.
Similar like final yr, throughout this time of uncertainty, the Firm has taken this new problem and began manufacturing of Face Masks together with Cotton PPE Package to assist the nation battle in opposition to this pandemic; the place, the Firm has seen nice demand from this phase.
The corporate is witnessing regular traction on each core operations in addition to medical dietary supplements. This time because of partial lockdown in several states at completely different occasions our enterprise shouldn’t be hampered that a lot, the corporate is having ample orders in hand from all throughout the India and they’re assured to execute these orders as soon as the restriction will lifted by the respective State Governments.
Additional, the corporate has knowledgeable that, they’re strictly following the Covid-19 Protocols as prescribed by WHO and Ministry of Well being, Govt. of India at our all of the places.
Commenting on the identical, Prem Aggarwal, Chairman & Managing Director, “We at Garment Mantra are glad to replace our stakeholders that regardless of the unprecedented time of Covid-19, we’ve got been ready handle our operations effectively by means of price optimization and in addition exhibiting agility within the enterprise.
The corporate successfully utilized its capability to fabricate masks and PPE kits. On the core enterprise, the corporate swiftly moved on the digital platforms for gross sales and advertising and marketing. We’ve seen good demand of our core merchandise because of summer season season and as soon as lockdown restriction will get lifted we are going to begin delivering the orders to our prospects.”
He additional added, “The Digital channel has helped successfully into increase the enquiry ranges and order reserving. Manufacturing unit operations are using for clothes and masks / PPE provides. Summer time Season demand is increase on our core enterprise and the demand from medical provides continues to stay sturdy amidst the present situation. We’re assured that we’ve got fought in opposition to these challenges very nicely and we stay assured a few secure and improved efficiency going ahead.”
At round 12:55 PM, Garment Mantra was buying and selling at Rs91 per piece down by 2.15% on Sensex.