Home / Knowledge / News / Textiles / Brands & Retail segment of Arvind Mills show healthy growth
Brands & Retail segment of Arvind Mills show healthy growth
12
May '08
Arvind Mills Limited, one of the largest integrated textile players in the world have announced their financial results for financial year ended 31st March, 2008.

The sales for the year are up by 23% at Rs.2271 crores as against Rs. 1848 crores in the last financial year. Profit after tax and before extraordinary items was up by 8% at Rs.27.36 crores compared to Rs. 25.27 crores in the previous financial year.

Previous year had an extraordinary income of Rs. 94.29 crores, hence Profit after tax and extraordinary items was Rs.120 crores. The operating profit for the year at Rs.304 crores is 5% lower than the previous year figure of Rs. 321 crores. Keeping in mind the current profit levels the board of directors has not recommended any dividend for the year.

The sales during the fourth quarter stood at Rs. 665 crores as against Rs.491 crores in the corresponding quarter last year. Profit after tax is Rs. 5 crores same as in corresponding quarter last year.

Commenting on the results, Mr. Jayesh Shah, Chief Financial Officer and Director, Arvind Mills said, “While the company's fabric business continues to maintain the current profitability despite the downturn in denim, the rising cotton & fuel prices and the appreciating rupee, the Brands and Retail businesses have been showing steady and healthy growth”.

As a strategy to tap the fast growing market for branded apparel retailing, the company is signing up licensing agreements with leading companies to bring in international brands and also build its portfolio of own brands.

The company's first Megamart Outlet Centre launched in Chennai in January 2008 - which will also be the largest value mall in the city - housing a gamut of categories including men women & kids wear, accessories, luggage, footwear etc. from leading brands.

Click here to view detaild results:

Arvind Mills Limited

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

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

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi
Fendi s.r.l

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search