Latest news with #ArvindFashions
Business Standard
a day ago
- Business
- Business Standard
Arvind Fashions rallies after robust Q1 numbers
Arvind Fashions surged 7.72% to Rs 538.45 after the company posted a strong set of earnings for the first quarter of FY26. The apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels. A key driver of performance was continued growth in direct-to-consumer channels, with 8.1% like-to-like (LTL) sales growth and over 30% growth in online B2C. Gross margins expanded by 60 basis points to 55.9%, aided by lower discounting. EBITDA rose 20.3% YoY to Rs 148 crore, with margins improving by 50 bps to 13.4%, despite a 140 basis points increase in advertising spend. Profit before tax (PBT) also saw a sharp rise of 64.6% YoY to Rs 39 crore in Q1 FY26. Inventory efficiency remained healthy with turnover at approximately 4x, while net working capital (NWC) days were stable at 59 days, signalling operational discipline. Shailesh Chaturvedi, MD & CEO said "Q1 FY26 witnessed a bright start to this year with revenue growth reaching 16%. This is a testimony of our conscious efforts of investing in higher marketing to re-energize our industry leading brands leading to strong awareness and higher footfalls along with market share gains. Moving ahead, we will continue to focus on our direct channel strategy resulting in higher bottom-line & ROCE." Arvind Fashions is Indias leading casual and denim brand. It offers a wide range of fashion options across different categories and price points. The company's portfolio includes popular international brands like U.S. Polo Assn., Tommy Hilfiger, Calvin Klein, and Arrow, as well as well-known indigenous brands such as Flying Machine.
Mint
a day ago
- Business
- Mint
Arvind Fashions share price soars 12% to 8-month high on strong Q1 performance
Shares of Arvind Fashions surged 12% to hit an eight-month high of ₹ 562 apiece in intraday trade on Tuesday, July 29, as investors reacted positively to the company's June quarter performance, announced post-market hours on Monday. The company, which retails Calvin Klein and Tommy Hilfiger brands in India, reported a 20% rise in quarterly core earnings, driven by new store openings and a focus on higher-priced apparel. Revenue from operations rose to ₹ 1,107 crore from ₹ 955 crore, while other income increased to ₹ 15 crore from ₹ 7 crore a year earlier. At the operating level, EBITDA improved to ₹ 148 crore from ₹ 123 crore, with margins improving by 50 bps to 13.4%, despite 140 bps higher advertising spending YoY. The company's profit after tax (PAT) jumped significantly to ₹ 13 crore, compared to just ₹ 1 crore in the same quarter last year. This healthy performance was supported by rising demand for luxury products, with affluent Indian consumers helping premium brands remain resilient despite a broader slowdown in consumer spending caused by sluggish wage growth. Arvind Fashions, which already targets affluent customers with pricing well above brands such as Vero Moda and H&M, is expanding into higher-priced apparel and accessories, enabling it to defy the retail slowdown. The company stated that the premiumization trend is driving strong sell-throughs and like-to-like (LTL) growth for Calvin Klein, and it expects the brand to continue delivering strong financial performance despite a challenging demand environment. After posting 8.5% revenue growth last year, the retailer is targeting a 12–15% revenue increase in FY26, supported by new store openings, higher marketing spending, and an expanded online presence. Arvind Fashions aims to open 150 new stores, largely through the FOFO (Franchise-Owned Franchise-Operated) route, with higher net square footage additions compared to FY25. The company has made a strong rebound after hitting a one-year low in April, gaining 68% since then, and has delivered a 353% return over the last five years. It is the country's leading casual and denim player, with a diverse portfolio of fashion brands catering to consumers across various sub-categories and price points. With a host of renowned brands, both international and indigenous—including U.S. Polo Assn., Arrow, Tommy Hilfiger, Calvin Klein, and Flying Machine—the company has established a strong presence across the lifestyle fashion segment. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
a day ago
- Business
- Business Standard
Arvind Fashions consolidated net profit rises 852.27% in the June 2025 quarter
Sales rise 15.97% to Rs 1107.31 crore Net profit of Arvind Fashions rose 852.27% to Rs 12.57 crore in the quarter ended June 2025 as against Rs 1.32 crore during the previous quarter ended June 2024. Sales rose 15.97% to Rs 1107.31 crore in the quarter ended June 2025 as against Rs 954.84 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1107.31954.84 16 OPM % 12.0412.10 - PBDT 107.3584.85 27 PBT 38.8423.59 65 NP 12.571.32 852
Economic Times
2 days ago
- Business
- Economic Times
Arvind Fashions posts Rs 23 crore standalone net loss in June quarter
Apparel manufacturer Arvind Fashions Ltd on Monday posted a fourfold year-on-year (yoy) increase in standalone net losses at Rs 22.9 crore for the first quarter ending June on back of a 13.5% yoy decline in revenue from operations at Rs 118.2 crore. The company did not give any reason behind this fall. ADVERTISEMENT However, on a consolidated basis, Arvind Fashions' net profit for the first quarter went up to Rs 13 crore as compared to Rs 1 crore a year back. Consolidated revenue jumped by 16% yoy at Rs 1,107 crore. No reason was shared for this better performance at a consolidated level. Arvind Fashions managing director Shailesh Chaturvedi said the first quarter reported a bright start to the financial year with revenue growth reaching 16%. "This is a testimony of our conscious efforts of investing in higher marketing to re-energize our industry leading brands leading to strong awareness and higher footfalls along with market share gains. Moving ahead, we will continue to focus on our direct channel strategy resulting in higher bottom-line & ROCE (return on capital employed).'The company's growth for the online channel was 30%-plus. The contribution of the online B2C channel increased from 13% to 15% in the quarter under review over the same period last fiscal. On Monday, Arvind Fashion Ltd share price was down 0.1% on the BSE at Rs 499.45. (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
2 days ago
- Business
- Reuters
India's Arvind Fashions posts earnings rise as affluent consumers splurge on clothing
July 28 (Reuters) - Arvind Fashions ( opens new tab, which retails the Calvin Klein and Tommy Hilfiger brands in India, reported a 20% rise in quarterly core earnings on Monday, benefiting from new store openings and a focus on higher-priced apparel. The retail chain, which also houses brands such as Arrow and Flying Machine, said its core earnings climbed to 1.48 billion rupees ($17.08 million) during the first quarter from 1.23 billion rupees a year ago. Its revenue increased 16% to 11.07 billion rupees in the three months ended June 30. Affluent Indians have been splurging on everything from Lamborghini cars to $18,500 smart toilets, helping premium brands stay resilient amid a broader slowdown in consumer spending caused by sluggish wage growth. Arvind Fashions, which already targets the more affluent consumers with prices well above brands such as Vero Moda and H&M, is making a push into higher-priced apparel and accessories, helping it defy the broader retail slowdown. The retailer, which posted an 8.5% revenue growth a year ago, is targeting a 12%-15% increase in fiscal 2026, helped by new store openings, higher marketing spends and broader reach through its online platforms. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL TO JUNE STOCK PERFORMANCE -- All data from LSEG IBES -- $1 = 86.6620 Indian rupees
