Arvind Ltd. posted strong revenue growth of 30 per cent to Rs. 1,718 crores and net profit after tax growth of 44 per cent to Rs. 94 crores for the quarter ending September 30, 2013, as against Rs. 1,325 crores and Rs. 65 crores respectively for the same quarter last year ended September 30, 2012. At the operating level, consolidated EBIDTA for the quarter stood at Rs. 233 crores (Rs. 165 crores), registering a growth of 41 per cent.
Commenting on the results as well as outlook for the company, Mr. Jayesh Shah, Director & Chief Financial Officer, said: “Buoyed by the all-round volume growth as well as price gains across all business segments, the company has achieved very strong financial numbers. The growth in the textiles segment is led by volume growth of 219 per cent in wovens fabrics and 46 per cent in garments manufacturing. Our Brands & Retail business registered very strong growth of 45 per cent in a challenging market scenario. Encouraged by such healthy growth in the first half, the company has revised its internal revenue growth estimates to about 24 per cent from the earlier estimate of 20 per cent for the current financial year”.