Home / Knowledge / News / Apparel/Garments / Arvind Lifestyle to invest Rs 126 crore capex this fiscal
Arvind Lifestyle to invest Rs 126 crore capex this fiscal
02
Jul '14
Mr J Suresh
Mr J Suresh
Arvind Lifestyle, the clothing brand and retail division of textile major Arvind Ltd is planning a capex investment of Rs 126 crores in the current fiscal year against Rs 96 crores, which will be used to add around 200 stores across India.
 
Speaking exclusively to fibre2fashion, CEO of Arvind Lifestyle – Mr J Suresh said, “Mainly we will spending on adding more stores within our portfolio of 15 brands like US Polo, Arrow, Nautica, etc and also Megamart. We currently manage around 1100 stores and with the addition of 200 more stores, we expect to touch around 1300 stores by the end of this fiscal year.”
 
Revenues of Arvind Lifestyle stood at Rs 1750 crores in the previous fiscal year ending March 31, 2014 and it hopes to close this fiscal year with sales of Rs 2500 crores. 
 
“Arvind Lifestyle will be able to add 42% to its topline in the current year from new store openings as well as since revenues from recent brand additions like Hanes, Calvin Klein, Ed Hardy, Nautica have now started climbing”, he adds.  
 
Arvind Lifestyle contributes 30% revenue and 17% to net profits of its parent – Arvind Ltd. Mr J Suresh expects this revenue to mount to 40% in the next 1-2 years.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2016

AEPC fears Brexit will hurt Indian apparel exports

The Apparel Export Promotion Council (AEPC) expressed its...

Courtesy: ITMF

Textiles | On 25th Jun 2016

Global yarn output up 20% q-o-q in Q1 2016: ITMF

The global yarn production increased by 20 per cent...

Courtesy: Balmain

Fashion | On 25th Jun 2016

Qatari investment fund buys French label Balmain

Mayhoola for Investments, an investment fund backed by the Emir of...

Interviews View All

Smita Murarka
Amanté

Trend for lingerie

Amit Jain
Shingora Textiles Ltd

What benchmarks in design and production need to be met in the manufacture ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search