1. Fabric division ramp-up - The fabric unit, commissioned with 328 looms and a 50,000-metre-per-day finishing line at a total capex of ₹334 cr, lifted fabric revenue to ₹241 cr in FY25 from ₹191 cr in FY24. As utilisation rises toward full capacity, the division adds a second earnings leg that already contributes roughly a quarter of group revenue, with the processing line lifting realisations beyond grey fabric.
2. Value-added yarn shift - Value-added yarn volume grew 10% to 3,255 tonnes in FY25, and the share of VAP in the yarn mix has moved from 12% to 43% over five years. This mix shift protects spinning margins when commodity yarn demand softens, because specialised counts such as mercerised, melange and core yarn command a premium and lock in customer relationships.
3. Spinning mill modernisation - The company invested ₹24.78 cr in FY25 on new comber machines, rewinding and batch dyeing, including three Rieter E86 combers. Modernisation raises throughput and quality consistency, which directly supports the move into higher-margin value-added yarn and processed fabric.
4. Captive renewable power - The Company’s own wind farms supplied 50% of its total power requirement, and a 17 MW long-term group-captive solar power arrangement is now fully operational, with the second 7.5 MW solar block commissioned during FY25. Locking in power below grid rates contains a key variable cost for spinning and processing, which is especially material when grid tariffs rise.
5. Investment in Ramco Industries - The company’s stake in Ramco Industries has appreciated from ₹90 cr to ₹363 cr at market value, and an additional ₹15.45 cr was deployed in September 2025 via a block deal. A marked-to-market associate book of this size - roughly half the company’s own market cap - provides a latent value cushion that can be monetised if needed.
6. Borrowing headroom - Shareholders approved an increase in the borrowing limit from ₹750 cr to ₹850 cr in August 2025. The extra ₹100 cr of sanctioned headroom gives the board room to fund working capital or small bolt-on capex without immediately approaching shareholders, preserving momentum on the fabric and VAP build-out.