Arvind Limited

Leading textile manufacturer Arvind Ltd on Monday reported a 37.25 per cent decline in consolidated net profit at Rs 43.73 crore for the first quarter ended June 30, 2024, on account of workers' strike and general elections. The company had posted a net profit of Rs 69.70 crore in the April-June quarter a year ago, Arvind Ltd said in a regulatory filing. Arvind Ltd said its revenue from operations declined 1.22 per cent at Rs 1,830.60 crore during the April-June quarter. It was at Rs 1,853.27 crore in the corresponding period of the previous fiscal. "The financial performance and growth of Arvind Limited in Q1 of FY25 were impacted by two unrelated events: the National general election and an illegal worker's unrest," said Arvind in its earnings statement. The unrest impaired the performance at the Santej factory, its largest textile facility, for 21 days. The strike affected the company's main businesses, including the woven segment, denim segment, and the industrial and human ..

The uptick in share price came after the company announced that the strike at Santej plant by workers demanding wage hike has been called off

A memorandum of understanding (MoU) was signed between the Indian Navy and textile and apparel company Arvind Limited for the supply of technically advanced uniform fabric for the Navy

These companies that operated under the constraints of British rule before 1947 helped India become self-sufficient in various sectors after independence

Companies aim to reduce delivery time and improve customer experience by combining their expertise

The move to shash garmenting capacity in the African country is set to be compensated by fresh capital expenditure plans in India

Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.

Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart

Better show on account of growth in exports and signs of recovery in domestic markets

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

Mumbai (Maharashtra) [India], June 11 (ANI/BusinessWire India): While fabrics have been usually associated with fashion, as the world faces the COVID-19 crisis, there is an urgent need for antiviral fabrics in our daily lives. Arvind Limited, India's leading textile-to-retail conglomerate today announced launch of anti-viral textile technology for the first time in India under its brand "Intellifabrix".

Extend relaxations given to manufacturing units in green zones to retail sector, say industry players

The two firms unveil unit at Arvind's denim manufacturing plant to eliminate freshwater use in apparel production

Arvind had pre-paid a term loan of Rs 40 cr falling due in FY21

Italy's Top Glass to bring technology to Arvind's Advanced Materials Division for specialty composite products

The demerger comes at a time when Arvind Limited is looking to cross the Rs 100 billion turnover mark on the back of a 15-16 per cent growth that it has been witnessing