Home / Knowledge / News / Textiles / Q1FY16 sales climb 6% at denim fabric producer Arvind
Q1FY16 sales climb 6% at denim fabric producer Arvind
07
Aug '15
Consolidated revenue at India's largest denim producer and also branded apparel marketer Arvind Limited climbed 6 per cent year over year for the three months to June 30, 2015.

For the first quarter of fiscal 2016, Arvind, also one of the largest integrated textile and branded apparel players in India, reported growth in consolidated revenue of 6 per cent over the prior fiscal first quarter at Rs 1,877 crore.

“The Brands and Retail business showed strong growth of 14 per cent year on year in the first quarter of current fiscal,” a press release from Arvind informed.

Consolidated EBIDTA stood at 2 per cent at Rs 227 crore in the reporting quarter as against Rs 223 crore in the corresponding quarter of the previous fiscal.

However, profit after tax, before exceptional items in the quarter under review slipped 33 per cent to Rs 61 crore as compared to Rs 91 crore in the first quarter of earlier fiscal, on account of account of higher tax provision.

Net profit after providing for exceptional items amounted to Rs 3 crore, due to Rs 58 crore compensation paid for retrenchment of workers.

CFO Jayesh Shah said, "The performance for the quarter is in line with our expectations; high growth in brands and retail business with movement towards profitability and steady growth in textiles business with improvement in bottom-line.”

For the full year, Arvind expects revenue growth to be between 14-15 per cent with improvements in margins in its Brands and Retail segment.

Arvind has carved out an aggressive strategy to verticalise its current operations by setting up world-scale garmenting facilities and offering a one-stop shop service, by offering garment packages to its global and domestic customers.

With its growing global footprint, Arvind has carved a niche with brand names like Arrow, Flying Machine, USPA, New Port, Mega Mart and The Arvind Store.

Arvind is present in major segments like fabrics, garments, advanced materials, chemicals & dyes, retail, engineering, real estate, sustainable agriculture and telecom. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X