Page 2 - Arvind Ltd

Covid-19 pandemic disrupts Arvind Ltd's Rs 440 cr cost-cutting plan

Company expects a sharp fall in demand for its products and sagging sales in the first quarter of the current fiscal

Arvind rebounds 33% from day's low; stock trades ex-date for demerger

The stock was up 9% to Rs 120, bouncing back 33% from its early morning low of Rs 90.25 on BSE.

Arvind Ltd launches its largest garmenting hub in Gujarat, eyes expansion

The 3-facilities hub will add 36 million garments per annum capacity, generate additional Rs 10 billion revenue

Arvind's Q2 profit rises 18% to Rs 730 mn, revenue up 12% to Rs 30.53 bn

Textile conglomerate Arvind Ltd. saw its profit after tax (PAT) after exceptional items grow by 18 per cent for the second quarter ended September 30, 2018 for fiscal 2018-19. The PAT after exceptional items stood at Rs 730 million for Q2 of FY'19 as against Rs 620 million for Q2 for FY'18.In view of NCLT having approved the scheme of demerger for the flagship company's branded apparels and engineering businesses, the reported financial statements by Arvind Ltd. reflected figures for continuing businesses only. Financial figures without giving effect of demerger saw Arvind Ltd's revenue from operations grow by 12 per cent to Rs 30.53 billion Q2 FY'19 as compared to Rs 27.35 billion for Q2 FY'18. For Arvind Ltd., the overall revenue growth of 12 per cent in Q2 came on the back of 15 per cent growth in garments revenue and 21 in advanced materials division's revenue. On other hand, revenue for the demerging branded apparel business stood at Rs 12.27 billion, posting a growth of 13 per .

Arvind Ltd to double revenue from textile business to Rs 120 bn in 5 years

Arvind Ltd is also planning to foray into performance and functional clothing (active wear) and synthetics

Arvind eyes Rs 10 bn revenue in 4-5 years by strengthening own brand

The company has earmarked Rs 15 bn investment over the next couple of years involving setting up of new mills, advertising & branding expenses and others

We'll transform our textile business in 3-4 years: Sanjay & Kulin Lalbhai

Textile and apparel company Arvind announced it would demerge its branded apparel and engineering businesses, and list these. SANJAY LALBHAI, chairman and managing director, and KULIN LALBHAI, executive director, talk to Raghavendra Kamath. Edited excerpts:What led you to this decision?Sanjay Lalbhai: Financial independence will help unlock the full potential of these businesses. The demerger will free up our resources and allows us to renew our focus on textile business. Over the next three to four years, we will invest Rs 1,500 crore in the textile business to transform it.How has GST (the new goods and services tax) impacted your branded apparel business?SL: Whenever there is an early Diwali, you tend to lose out in the north. If you compare Diwali to Diwali, the numbers are subdued. But, organised players should now do well. Unorganised players which avoid taxes will face challenges. There was a temporary slowing but things became normal quickly. In fact, we did like-to-like ...

Higher expenses drag Arvind Q3 net down 16% to Rs 76 cr

Expenses up 18% at Rs 2,173 crore, total income from operations up 15% to Rs 2,335 crore

Arvind divests 10% in subsidiary to private equity firm for Rs 740 crore

Arvind Ltd's stake to decline to 90%; deal valued ay Rs 740 cr, sale proceeds to be used to pare Arvind's debt to Rs 2,500 cr

Arvind Ltd posts 20% jump in net profit at Rs 78 crore before exceptional items

Consolidated EBIDTA was up by 2% at Rs 232 cr for Q2, FY 2016-17 as against Rs 228 crore in the comparable quarter previous year

Arvind surges on stake sale plan in Arvind Fashions

The stock rallied 11% to Rs 401, its fresh 52-week high on BSE, on back of heavy volumes.

Arvind forays into premium worsted suiting with 'Primante'

Aims to capture 20% market share in worsted suiting in 5 years; Primante to be priced in Rs 2,000-1,00,000 a mtr range

Arvind Ltd consolidated Q1 PAT up 27% at Rs 74 crore

The company's revenue also grew by 18% at Rs 2,104 crore for the quarter

Brands, textiles business push Arvind's Q1 net up by 11.31%

The company's standalone income grew by 12.13% to stand at Rs 1,489.47 crore for Q1 of FY17, as against Rs 1,328.29 crore for the said quarter last year

Arvind eyes 10% of brand sales from omni channel operations

Arvind Internet has created NNNow, its omni channel strategy that will integrate its physical stores, online platform and warehouses

Arvind Ltd posts standalone net of Rs 73 cr in Q4

Registered a standalone net profit of Rs 67.75 cr for corresponding period last year