Home / Knowledge / News / Apparel/Garments / Arvind to benefit from twin favourable factors
Arvind to benefit from twin favourable factors
06
Dec '11
Ahmedabad-based textile conglomerate Arvind Limited is expecting to benefit from twin favourable factors – the rise in domestic demand and the decrease in China's cost competitiveness.

Although there was no major revival in international retail demand, the company booked a net profit of Rs. 620 million during second quarter of fiscal 2011-12, compared to a profit of Rs. 390 million recorded in the same period of fiscal 2010-11, registering a sharp increase of 58 percent.

Speaking to fibre2fashion, Mr. Milan Shah, Deputy Chief Financial Officer of Arvind Ltd. said, “We had a good performance in Q2 of 2011-12. This was mainly on account of good demand in the domestic market. Our performance was driven by the growth in the Indian market.”

“We have a portfolio of 9-11 brands in our branded and retail business. Our branded portfolio witnessed a growth of around 40 percent. We find that consumers are becoming more brand conscious and brands like Arrow and USPA, which are slightly up market, are doing well,” he adds.

“From a long term view, we are positive for the textile industry in 2012. This is mainly due to 2 reasons – the growing domestic market and a decline in competitiveness of China in the international market, where India should be able to catch up. So, we are fairly positive for the long term,” he reasons.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search