Garment Mantra Lifestyle Ltd. Commences Development of Winter Season Products
Garment Mantra Lifestyle Ltd. (BSE: 538216), a leading player engaged in the manufacturing and selling of Knitted Fabrics as well as Knitted Garments, has announced that it has developed and created its strong footprints this year in Central and Northern part of India through renowned wholesalers and retailers with large customer base. Since monsoon season is almost over and in the coming months winter will start capturing half of the India.
Garment Mantra has started developing winter wear products to maintain its relationship with customers and to carry its business uniformly throughout the year. Samples of the products are already approved by the buyers and the company is confident to start delivering these products from October to its Customers.
As Tirupur is known for its cotton products and historically in winter season sale of cotton products are not as high as summer and monsoon season. This move of the Company can open a new avenue for the entire city and Tirupur can deliver garments round the year. whole day. The These products have been designed with trend and choice majorly for the light winter season and to wear market is believed to in demand throughout the season thereby offering opportunity to establish and serve the market effectively. The product range addition would ensure the company’s presence at the customer’s end whole year.
Commenting on the Milestone, Mr. Prem Aggarwal, Chairman & Managing Director, Garment Mantra Lifestyle said, “Now company will start increasing its focus on sale of the new range of products along with the never old fashioned products already mastered by the Company in past 3 decades. The Company will continue focus in the same model which is Company owned and distributor operated.
These products have been developed in Tirupur considering the taste and preference of the buyers and demand and trends, we are expecting these products to hit the market in coming month, we are very confident about the success of these newly launched products.”
Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of Mass Indian Population. The promoters of the company have extensive experience in the Textile Industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling of both Knitted Fabrics as well as Knitted Garments. Its manufacturing facilities are situated in Tirupur “Knit City of India”. The company’s complete range consist about 5,000 products and are mainly targeted to mass customers, which constitute around 70% of domestic population. The company’s products are available pan-India through a vast network of wholesalers and distributors.
GMLL lays emphasis on affordable cost of product without compromising on the quality of the product. GMLL has unique business models which will be key revenue and growth drivers; Poorti & Full Choice: wholesale and Retail textile surplus model which deals with wholesalers and retailers across the country and also from international markets to source textile surplus, the larger share of this business is with small unorganized players who have limited access to larger markets domestically and internationally versus GMLL which has a strong penetrated network across markets. Beauty of This Model is Cash and Carry with tokenized system.