Home / Knowledge / News / Apparel/Garments / Arvind revenue up 5% to ₹1896 crore in Q1 2020

Arvind revenue up 5% to ₹1896 crore in Q1 2020

08
Aug '19
Pic: Arvind Ltd
Pic: Arvind Ltd
Arvind Group's revenue for Q1 ending June 30, 2019, was up 5 per cent to ₹1896 crore as compared to ₹1,810 crore in Q1 of last year. The net profit of the company for Q1 2020 was recorded as ₹24 crore, down 69 per cent as compared to ₹78 crore for Q1 2019. EBITDA decreased by 24 per cent, from ₹201 crore last year to ₹154 crore this year.

The textiles revenue were up 4 per cent to ₹1616 crore, given there was a 20 per cent growth in garment volumes. Advanced Materials (AMD) revenues were up 31 per cent to ₹167 crore. EBIDTA margin in Textiles reduced to 9.7 per cent as new garmenting facilities operated at sub-optimal scale while ramping up. EBIDTA margin in AMD improved to 11 per cent as operating leverage kicked-in to mature parts of business, said the company in a media statement.

For FY2020, Arvind expects 7-8 per cent top-line growth over the year – mostly to be realised in H2. EBIDTA margin is expected to be around 10 per cent for the full year.

Arvind Limited is the largest textile company in India with revenues of $1 billion. The company is end-to-end supply chain partner to the world’s leading fashion brands. (PC)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Sep 2021

California 1st US state to require hourly wages for garment workers

Taking historic and decisive action to help keep workers safe on the...

Pic: ADB

Textiles | On 28th Sep 2021

ADB approves $250-mn loan to support Bangladesh’s economic recovery

The Asian Development Bank has approved a $250-million policy-based...

Pic: Shutterstock

Textiles | On 28th Sep 2021

US 2020-21 cotton exports highest in 15 years

Spurred by record global imports, US cotton exports in 2020-21 were...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

Leave your Comments


September 2021

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


Advanced Search