Acknit Industries Limited operates within the Leather gloves and mittens sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Acknit Industries Limited with three other
leather goods manufacturers in Asia:
Safari Industries India Ltd
sales of 3.28 billion Indian Rupees [US$43.56 million]
of which 100%
was Luggage business),
Pecca Group Bhd
(144.75 million Malaysian Ringgits [US$34.80 million]
Super Tannery Limited
(1.91 billion Indian Rupees [US$25.39 million]
During the first
quarter of 2022, sales at Acknit Industries Limited totalled
379.45 million Indian Rupees .
an increase of 52.7%
from the 248.44 million Indian Rupees in sales at the company during the first quarter of 2021.
This was the largest same quarter increase in sales since the third
quarter of 2014.
There appears to be at least some degree of seasonality in the sales at Acknit Industries Limited: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
second quarter was the best quarter, accounting for
30% of sales (during that same year, the
fourth quarter accounted for 26% of sales).
During the year ended March of 2021, sales at
Acknit Industries Limited were 1.68 billion Indian Rupees (US$22.37 million).
decrease of 0.9%
versus 2020, when the company's sales were 1.70 billion Indian Rupees .
The sales level in 2021 was fairly close to the level five years ago: in 2016, Acknit Industries Limited had sales
of 1.61 billion Indian Rupees .