Profit

Arvind Posts 27% Rise In Q1 Profit

 Share
EMAIL
PRINT
COMMENTS
Arvind Posts 27% Rise In Q1 Profit
Mumbai: Textile and apparel player Arvind Ltd on Thursday posted a 27 per cent increase in consolidated profit after tax at Rs 74 crore for the quarter ended June 30.

The company's PAT stood at Rs 58 crore in the first quarter of preceding fiscal year, it said in a statement issued here.

Arvind's revenue also grew 18 per cent to Rs 2,104 crore in the quarter under review as against Rs 1,787 crore in the corresponding quarter of the previous fiscal year.

"Our textiles business, which recorded 14 per cent revenue growth, continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 26 per cent growth in Q1."

"Our established power brands consolidated their market positions. We are also excited about India's first true Omni Channel experience - NNNow.com which we launched during Q1. NNNow.com redefines shopping for Indian consumers by linking online and offline retail shopping experience," Arvind director and CFO Jayesh Shah said.


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top