Buy Bombay Dyeing, target Rs 295: Sumit Bilgaiyan

Sumit Bilgaiyan

Bombay Dyeing is a Wadia group company with broadly three business segments – polyester, textile and real estate. Interest in the company is primarily on account of the real estate business, however just to touch upon the other segments, they are the India’sfourth largest producers of polyester staple fiber, textile business consists of their “home and you” brand in retail distribution and a manufacturing.

The textile business has a wide range of products such as stylish linen, towels, home furnishing, leisure clothing, kids wear and many more range of products which are available across it 350+ exclusive BDML Retail and 2000+ multi brand outlets.

The revenue of the company has grown at a CAGR of 14 percent over past 5 years due to significant marketing efforts and improved product mix. The company has shifted it’s strategy to branded retail segment which will be much profitable business considering the demand for retail branded products.

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