Home / Knowledge / News / Textiles / Brand & retail segment Q3FY15 sales surge 21% at Arvind
Brand & retail segment Q3FY15 sales surge 21% at Arvind
12
Feb '15
Brand & Retail, the branded apparel segment at textile and denim major, Arvind Ltd witnessed sales surging 21.1 per cent year on year in the third fiscal quarter ended December 31, 2014.

Net sales for the third quarter of fiscal 2015 in the Brand & Retail segment drove up to Rs 658.68 crore from Rs 543.87 crore in the same quarter of fiscal 2014, up a massive 21.1 per cent

In the reporting quarter, Arvind reported consolidated total income from operations at Rs 2073.71 crore against Rs 1771.64 crore in third quarter of previous fiscal, also up 17 per cent.

Net sales in the textile segment rose slower at 9.71 per cent to Rs 1,290.68 crore in the third quarter of current fiscal compared to Rs 1,176.37 crore in the corresponding quarter of last fiscal year.

Profit before interest and tax in the textile segment grew to Rs 213.58 crore, up 15.46 per cent year on year, while in the Brand & Retail division it reached Rs 27.20 crore, down 1.37 per cent from a year ago quarter.

Total expenses in the quarter under review expanded 16.50 per cent to Rs 1841.31 crore as against Rs 1580.55 crore in the prior year fiscal quarter.

Profit from operations before other income, finance costs and exceptional items in the reporting quarter moved higher to Rs 232.40 crore, up a steep 21.61 per cent from a year earlier period.

In the third quarter of fiscal 2015, profit from ordinary activities before finance costs and exceptional items also galloped by 19.21 per cent year on year to Rs 242.42 crore.

Arvind posted a profit before tax of Rs 143.18 crore in the quarter under review from Rs 122.41 crore in the same quarter of last fiscal, also up 17 per cent.

However net profit climbed slower by just 6.78 per cent to reach Rs 109.10 crore or Rs 4.22 earnings per share as against Rs 102.17 crore or Rs 3.96 per share in the fourth quarter of fiscal 2014.

Speaking on the results, CFO Jayesh Shah said, “While we see strong global demand for textiles, Indian retail demand is not as expected. “

“We expect revenue growth of 14-15 per cent for this financial year and hope to maintain operating margin at current level,” he added. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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

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:
May 2017

May 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