Home / Knowledge / News / Textiles / Brands & Retail segment of Arvind Mills show healthy growth
Brands & Retail segment of Arvind Mills show healthy growth
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

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kevin Nelson

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search