Arvind Textile

Arvind Ltd Q4 result: Profit rises by 7.32% as demand remains steady

Consolidated revenue from operations in FY24 stood at Rs 7,737.75 crore as against Rs 8,382.48 crore in FY23

Arvind profit falls 36% in Sept qtr as textiles drag despite low costs

Textile companies have hit a rough patch due to low cotton arrivals, higher import duty and energy costs, and an inventory pile-up, analysts said

Textile manufacturer Arvind profit down 31% to Rs 70 cr in June quarter

Textile manufacturer Arvind Ltd on Thursday reported a 31.41 per cent decline in consolidated net profit at Rs 69.70 crore for June quarter 2023-24. The company had posted a net profit of Rs 101.62 crore for the year-ago period, Arvind said in a regulatory filing. Revenue from operations was down 21.20 per cent at Rs 1,853.27 crore during the quarter, as against Rs 2,352.12 crore in the corresponding period of the previous fiscal. "EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin of the overall business increased 30 basis points on a year-on-year basis. This is on account of softening raw material prices and improved performance of advanced materials business," stated an earnings statement from Arvind. Total expenses in the quarter under review were Rs 1,774.36 crore, down 20.58 per cent compared to the year-ago period. Revenue from textiles was Rs 1,418.11 crore in the June quarter and the same from advanced material was Rs 341.96 crore. "Advanced

Arvind, Raymond: Textile stocks with land bank may rise up to 16%

Selective textile stocks are developing robust chart structures

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

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

Smriti Irani asks big commercial brands to source directly from weavers

Irani has called upon big commercial brands like BIBA and Arvind Mills to source cloth directly from the weavers

Arvind Fashions to garner nearly Rs 400 cr through a rights issue

The board has approved the rights issue of up to 3,99,79,347 equity shares of face value of Rs 4 each at an issue price of Rs 100 per equity share

Arvind Envisol, Hong Kong-based EPIC group sign pact for effluent treatment

The two firms aim to reduce environmental footprint across EPIC Group's factories in Bangladesh, Vietnam, Ethiopia, Jordan and future projects in India

Arvind spins an ethnic yarn with Sachin Tendulkar's private label True Blue

Traditional wear was for a very long time a limited play, with staples such as Fab India and a bunch of unbranded regional players ruling the shelves