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Riba Textiles

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Riba Textiles is a large manufacturer and exporter of Towels both bath products and beach towels. They also make mats etc. With Pakistan facing their own set of problems with the non availability of cotton due to lower produce in Pakistan and currency depreciation their competitiveness had dwindled and so have their sales as many countries now do not see Pakistan as a reliable supply source. So all this additional demand will get taken up by companies like Riba Textiles. With tourism booming ther orders from Hotels remaind very strong for both bath as well as beach towels. One normally only thinks of Welspun, Himataingka, and Trident when we think of Bath Textiles. Not many know about Riba Textiles and that is why it makes it so undervalued. Just check out their Annual Report and other financials on the BSE or search foe their website and read about them and their products

6.42 PM Sep 5th
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