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Textile major Arvind sales grow 30% in Q2 FY'14
26
Oct '13
Arvind Limited, one of the largest integrated textile and branded apparel players, posted strong revenue growth of 30% to Rs. 1718 crores and Net Profit after tax( From Ordinary Activities) growth of 44% to Rs. 1325 crores and Net Profit After tax of Rs. 65 crores for the same quarter last year, that ended on 30th September 2012.

At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 233 crores as against EBIDTA of Rs. 165 crores for the same quarter last year, registering growth of 41%.

Commenting on the results as well as outlook for the company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “Buoyed by the all round volume growth as well as price gains across all business segments, the company has achieved very strong financial numbers. The growth in textile segment is led by volume growth of 21% in wovens fabrics and 46% in garments manufacturing.

Our Brands & Retail business registered very strong growth of 45% in a challenging market scenario. Encouraged by such healthy growth in the first half, the company has revised its internal revenue growth estimates to about 24% from earlier estimate of 20% for the current financial year”

Arvind Limited

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