>>
Home / Knowledge / News / Textiles / Arvind sees 15% rise in revenue from garments in Q2FY19

Arvind sees 15% rise in revenue from garments in Q2FY19

14
Nov '18
Courtesy: Arvind
Courtesy: Arvind
In the second quarter of fiscal 2019, Arvind Limited, one of the largest textiles, apparel and fashion players, has witnessed 15 per cent growth in revenue from garment division and  21 per cent growth in advanced materials division. EBIDTA improved at 24 per cent, partially driven by improvements in margins of advanced materials division.

The company's branded apparel business reported revenue of Rs 1227 crore, a rise of 13 per cent and EBITDA climbed 20 per cent.

Recently, the National Company Law Tribunal (NCLT) has approved demerger of Branded Apparel and Engineering businesses into separate companies. The effective date of demerger and record date for allotment of shares is likely to be end of November.

The performance of Arvind continues to improve with growth and profitability of Power Brands validating the robustness of core business. Online sales went up 48 per cent in line with increasing e-commerce penetration in fashion retail. Innerwear business consisting of USPA, Hanes & CK rose 33 per cent during the quarter.

For fiscal 2019, the revenue of Arvind Limited (Demerged) is expected to be 10 per cent and from advanced materials division is likely to grow at 24 per cent. While, revenue from textiles is projected to improve by 5-6 per cent. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Cargo flight sector in China recovers to near-2019 level

The air cargo industry in China has recovered, nearing the 2019...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

ESTEEMED CLIENTS

KAS Direct Sourcing
Green Fibre
Lacoste (Wanchai)
NITI Aayog
Landmark Group
Lifestyle
The Top Form Brassiere Manufacturing Company Limited
Chico’ FAS
Page Industries Limited (Bangalore)
Restoque S.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Gloria Jeans
Gatsby Africa
Reiter India Private Limited
Phong Phu international JSC (PPJ)
Sportmaster Ltd.
Puma
Walmart
Lululemon Athletica Inc
Midas Clothing Limited
Groz-Beckert East Asia LLP
Hela Clothing Pvt Ltd
Tory Burch Hong Kong Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Vianney Textil Hogar S.A. De C.V.
Alix Partners
IKEA of Sweden AB
Asos
Truetzschler India Private Limited
Decathlon
T.T. Limited
Cat Tuong Real Estate Group Joint Stock Company
Gap International Sourcing Limited
Maceton Limited
SHAHI Exports Pvt Ltd
Chori Company Limited
C;&A Sourcing International Ltd
The LYCRA Company Singapore  Pte. Ltd
G-Star Raw C.V.
Arvind Limited
Grasim Industries Limited
Aquarelle Clothing Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Vardhman Textile Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Abit
Tommy Hilfiger
IDH – The Sustainable Trade Initiative
Etam Group Strategy Hong Kong Limited
Guess Europe Sagl,
J ;& P Coats
Hirdaramani International Export Private Limited
Amazon China
Varner AS Retail
Bluestem Global Sourcing Limited
Lenzing Aktiengesellschaft
PVH Corporation
LC Waikiki
Recron Polyester from Reliance Industries Limited
Seasalt Limited
Helly Hansen Far East Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Rosset ;& Cia Limited
Babyshop
International Textile Manufacturers Federation
BIANCA
Huntsman (Singapore) Pte Ltd
Under Armour Global Sourcing Ltd
Sainsbury's Argos Asia Limited
Target Corporation (MN)
Eastman Chemical Company
Alison Hayes Romania
Boardriders Asia Sourcing Limited
Esprit Europe Services GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Lisa S.P.A.
Gokaldas Exports Limited
Tchibo GmbH
Brandix Lanka Limited
TESCO INTERNATIONAL SOURCING LIMITED
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
SYNERGIES HONG KONG LIMITED
John Varvatos
Sateri (Jiujiang) Fiber Co.,Ltd
OVS Hong Kong Sourcing Ltd.
Splash
BIMBA ;& LOLA SL
Rayonese Textile Inc., Division de Culp Inc.
Benetton Group
KIABI

January 2022

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


Advanced Search