Home / Knowledge / News / Textiles / India's biggest denim fabric maker Arvind's Q1 net soars 27%
India's biggest denim fabric maker Arvind's Q1 net soars 27%
05
Aug '16
Courtesy: Arvind
Courtesy: Arvind
India's biggest denim fabric producer and Sanjay Lalbhai led Arvind Ltd's consolidated net profit soared 27 per cent year on year at Rs 74 crore for the first fiscal quarter ended June 30, 2016.

In a BSE filing, the company said its consolidated revenue also rose 18 per cent to Rs 2,104 crore in the reporting quarter compared to Rs 1,787 crore in the comparable quarter of prior fiscal.

Arvind added that its textiles business continues to deliver a strong performance as it continues to pursue a calibrated growth strategy in reporting 14 per cent year over year revenue growth.

“However, the brands business continues to demonstrate strong growth in the quarter under review with 26 per cent sales growth over the previous fiscal's first quarter,” the company informed.

"Our established power brands consolidated their market positions, while we are also excited about India's first true omni-channel experience, Nnnow.com which we launched during the quarter,” CFO Jayesh Shah too said. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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