Volume : 2, Issue : 6, JUN 2016

PROFITABILITY ANALYSIS OF SELECTED TEXTILE COMPANIES

Chitra Sheth

Abstract

he Textile sector in India ranks next to Agriculture. Textile is one of the India's oldest industries and has a formidable presence in the national economy in as much as it contribute to about fourteen percent of manufacturing value, addition, accounts for around, one third of our gross expert earning and provides gainful employment to millions of people. In top 10 Textile companies; Raymond Ltd. and Reliance Ltd. are selected for Research purpose. Every business unit is established to earn profit and develop on that basis. Hence profitability ratios are the most important ratios. The management of business should find out profitability ratio to evaluate their own performance and to get an idea of progress of their business. This study is conducted to know the profitability of selected textile companies. The purpose of this study and analysis of profitability ratios are to help across the adequacy of profit earned by the company and also to discover whether profitability is increasing or decreasing.

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