Home / Knowledge / News / Textiles / Arvind Limited sales go up by 35%
Arvind Limited sales go up by 35%
31
Jul '08
Arvind Limited, one of the largest integrated textile, apparel and branded apparel players have announced their financial results for Quarter ended 30th June, 2008.

The sales for the Quarter are up by 6% at Rs.545 Crores as against Rs.515 Crores in the corresponding quarter last financial year. Profit after tax was down by 35% at Rs.4 Crores compared to Rs.6 Crores in the corresponding quarter previous financial year.

The branded apparel and retail business of the company has returned yet another quarter of impressive performance. Sales grew by 35% and has reported PBIT of Rs. 6.30 Crores as compared to loss during the corresponding quarter last financial year. The company continues to expand its value apparel retail format under the MegaMart.

Apart from the market led factors in the textile business, the company has been impacted by significant increase in power cost, dyes & chemical cost and rapidly rising cotton cost. While apart from denim all other textile and apparel products are running at optimum capacity utilization, the same is not reflected in the earnings as cost pushes are hurting them. The lower earnings have been to a large extent offset by garments, shirting and the Branded apparel business.

Commenting on the results, Mr. Jayesh Shah, Director and Chief Financial Officer said: “We are passing through one of the most challenging periods in the recent past, as we are in an unique competitive landscape where the costs are escalating at an unprecedented pace and are at a historical high while our main consumer markets are battling recession.

We are cautious but confident of implementing our transformation plan, which calls for a complete overhaul of the areas of business as well as the way we do business. At the same, our MegaMart and branded apparel business continue to return better performance quarter after quarter.”

Arvind Limited


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson
Technical Absorbents Ltd

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

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

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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

Yes No

Active Poll

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

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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

Yes No

Active Poll

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

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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

Active Poll

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

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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