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Garment Mantra Lifestyle Ltd Q1FY22 consolidated net profit slides QoQ to Rs. 1.07 crore

Garment Mantra Lifestyle Ltd Q1FY22 consolidated net profit slides QoQ to Rs. 1.07 crore
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Garment Mantra Lifestyle Targets To Open 110 'Price Mantra' Stores


Garment Mantra Lifestyle Targets To Open 110 ‘Price Mantra’ Stores
Jan, 14 2021
Garment Mantra operates on franchise-based models and own stores.
Garment Mantra Lifestyle Ltd, a sustainable and eco-friendly lifestyle brand, is planning to launch new outlets for Twenty Twenty Trading LLP “Price Mantra”. The company is targeting to introduce 110 new stores in the coming year.
Garment Mantra has unveiled a unique and niche branded retail model ‘Price Mantra’ stores in different cities in order to fulfill the demands of every Indian.
Garment Mantra operates on franchise-based models and own stores.
Prem Aggarwal, Chairman and Managing Director, Garment Mantra, said, “We at Garment Mantra are delighted to update our stakeholders about this strategic plan for our Value Retailing arm, Twenty Twenty Trading LLP “Price Mantra”.” ....

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Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon


Garment Mantra Lifestyle Ltd, the erstwhile Junction Fabrics & Apparels Ltd), has acquired an 83.8 per cent stake in Jannat Fabrics and Apparels Private Limited.
The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra. This will help Garment Mantra in running the entire textile value chain from supplying yarn/fabric to the mills for knitting, dyeing, printing, compacting and into retailing as well. Moreover, it will also improve the operational efficiency and reduce operational overheads within the group.
Prem Aggarwal, chairman & managing director, said the company is in the process of acquiring a majority stake in Twenty Twenty Trading LLP “Price Mantra” as part of the company s efforts to consolidate its group operations. ....

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