At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 203 crores as against EBIDTA of Rs. 129 crores for the previous quarter ended on 30th June 2012; growth of 57%.
The figures are not strictly comparable as the in quarter 1 of last year there was a labour strike which resulted in loss of sales and profitability. Adjusting for the strike the growth in Revenue and Net Profit after Tax stands at 19% & 21% respectively.
Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “We are pleased that every product category registered volume and price growth leading to strong revenue growth in the textiles segment. Our Brands & MegaMart Retail business registered growth of 34% in a very difficult market conditions. We are hopeful that we will achieve over 20% growth this year"
Arvind Ltd