During the quarter, textile business grew by 13% driven by 25% volume growth in Shirting fabric and 4% volume growth in Denim fabric. Brands & Retail business grew by 6% in very challenging market conditions.
Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “The business scenario is moderately bullish as international demand is strong.
"We are satisfied that margins in both Textile and Brands & Retail business are now witnessing upward movement. We see further volume growth in our Shirting fabrics and much better 3rd quarter for Brands & Retail business as Diwali festival this year is falling in the month of November.”
Arvind Limited