 "Arvind Ltd consolidated Q1 PAT up 27% at Rs 74 crore")
Textile and apparel player Arvind Ltd on Thursday posted a 27% growth in consolidated profit after tax at Rs 74 crore for the quarter ended June 30.
The company's PAT stood at Rs 58 crore in the first quarter of preceding financial year, Arvind Ltd said in a statement issued here.
Arvind's revenue also grew by 18% at Rs 2,104 crore for the quarter under review as against Rs 1,787 crore in the corresponding quarter of the previous financial year.
"Our textiles business, which recorded 14% revenue growth, continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 26% growth in Q1.
"Our established power brands consolidated their market positions. We are also excited about India's first true Omni Channel experience - NNNow.Com which we launched during Q1. NNNow.Com redefines shopping for Indian consumers by linking online and offline retail shopping experience," Arvind Director and CFO Jayesh Shah said.