Arvind Ltd., one of the largest integrated textile and branded apparel players in India, has recorded growth in revenue of 14 per cent at Rs. 2,320 crores for the quarter ended March 31, 2016 as against Rs. 2,041 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 14 per cent at Rs. 297 crores (Rs. 260 crores) and profit after tax grew by 14 per cent to Rs. 110 crores (Rs. 97 crores). For the financial year, the company reported eight per cent growth in revenue at Rs. 8,450 crores. Net profit after tax from ordinary activity was lower by seven per cent at Rs. 371 crores compared to Rs. 395 crores in the previous financial year. Profit after tax, after exceptional items, was Rs. 363 crores as compared to Rs. 341 crores. The Board of Directors has recommended dividend of 24 per cent for 2015-16.
Commenting on the results as well as outlook of the company, Mr. Jayesh Shah, Director & Chief Financial Officer, said: “Our textiles business continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 30% CAGR for Q4. Our established power brands consolidated their market position and the recent additions in speciality retail formats got off to a strong start. We are also extremely excited to lunch India’s first true Omni Channel experience – NNNow.com. This new initiative will bring a paradigm shift in the Indian fashion & lifestyle e-commerce space. NNNow.com is Arvind’s attempt to move away from the discount-driven e-commerce market to a brand led shopping journeys. NNNow.com redefines shopping for Indian consumers by linking online and offline retail shopping experience”.