Home / Knowledge / News / Textiles / Arvind Mills sales up by 20% for quarter ended Dec 31
Arvind Mills sales up by 20% for quarter ended Dec 31
28
Jan '08
The Arvind Mills Limited, one of the largest integrated textile players in the world have announced their financial results for Quarter ended 31st December, 2007.

The sales for the Quarter are up by 20% at Rs.537 Crores as against Rs.448 Crores in the corresponding quarter last financial year.

Click here to view more:

Profit before tax was up by 51% at Rs.7 Crores compared to Rs.5 Crores in the corresponding quarter previous financial year.

Profit after tax at Rs.6 Crores is up by 76% compared to Rs.4 Crores in the corresponding quarter previous financial year.

Click here to view more:

The branded apparel and retail business of the company has returned yet another quarter of solid performance. Sales grew by 40% and the EBIDTA has grown by 187% during the current quarter.

The company added another 50 doors during the current quarter. The first MegaMart Outlet Centre, the company's value apparel retail store measuring about 40,000 square feet was opened to public in Chennai on the 23rd January 2008.

Click here to view more:

Apart from the denim which has had significant reversal in trends and power cost increase due expiry of natural gas supply contract, all other product groups have returned significant improvement in performances. The lower earnings to a large extent have been offset by garments, shirting and the Branded apparel business.

Commenting on the results, Mr. Jayesh Shah, Chief Financial Officer and Director said : “The long term efforts by company to broad base its revenue and earnings are finally yielding results with the downturn in denim being offset by all other products and businesses.

We see a great opportunity in the branded apparel and retail business and we are on course to achieve significant growth in that segment.

As soon as the short term negative impact of denim and power cost are nullified, we could see significant improvement in the earnings of the company”.

The Arvind Mills Limited


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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