Home / Knowledge / News / Textiles / Net profits skyrocket 44% at denim maker Arvind in Q3FY'13
Net profits skyrocket 44% at denim maker Arvind in Q3FY'13
30
Jan '13
Arvind Limited, one of the largest integrated textile and branded apparel players, recorded Revenue growth of 16% to Rs. 1405 crores and Net Profit After Tax growth of 46% to Rs. 75 crores for the quarter ended on 31 December, 2012 as against Revenue of Rs. 1208 crores and Net Profit After tax of Rs. 52 crores for the previous quarter ended on 31St December 2011.

At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 191 crores as against EBIDTA of Rs. 143 crores for the previous quarter ended on 315t December 2011; growth of 34%.

During the quarter, textile business grew by 15% driven by 33% volume growth in Shirting & Khakhi fabric. Brands & Retails business grew by 19%.

Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: "We are pleased that Revenue, EBITA as well as PAT are at all time high. The margin for both Textiles and Brands & Retail are on the rise. We continue to be moderately bullish as far as the overall business scenario is concerned as the demand from domestic and international market for textile continues to be strong."

Arvind ltd


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search