Varvee Global returns to profit after a year
Business
Varvee Global, a textile company from Ahmedabad, just pulled off a big comeback—posting a ₹5.34 crore profit this quarter after losing ₹6.94 crore in the October-December quarter a year earlier (Oct-Dec 2024).
Revenue more than doubled to ₹12.13 crore.
A mix of smart cost-cutting and fresh focus
A mix of smart cost-cutting and fresh focus made the difference: employee costs were cut nearly in half and old debts cleared out, slashing finance costs almost completely.
Chairman & Managing Director Jaimin Gupta says they're all-in on premium non-denim fabrics now—production is already up to 18 lakh meters a month and they're aiming for 50 lakh soon.
It's a solid turnaround story that shows how sharp strategy can change the game fast.