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 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.#
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
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