Arvind news and archive

Arvind joins Fashion for Good

Textile manufacturer Arvind Limited is the latest company to join the global sustainability initiative Fashion for Good. With Arvind, a global leader in apparel manufacturing and trailblazer in advanced materials, the Fashion for Good Innovation Platform gains a well-experienced partner “committed to testing and implementing sustainable...

Retail

Khadi sales up 28 per cent, production too on the rise

Khadi sales in India have grown 28 per cent this year across segments: fabric, readymade garments or solar vastra. During the last five years, khadi sales have seen a quantum jump every year. Khadi production jumped 17 per cent in 2018-19, compared to seven per cent a year ago. From 2014 to 2018 khadi sales grew at an annual average of over 30...

Retail

Arvind launches Iconic Silk collection

The DTR division of Arvind has launched a menswear collection, Iconic Silk for Festive 2018. Adopting a modernised approach to stitched ethnic suits, the collection focuses on elegance and comfort dressing. It uses a versatile range of fabrics that can be transformed to create pieces for men in the form of stylish ceremonial outfits. Its...

Retail

Gujarat sees a spurt in khadi sales by 40 per cent in last two years

As per Khadi and Village Industries Commission (KVIC), khadi sales in Gujarat have grown 40 per cent over the past two years. The state sold khadi worth Rs 165 crore in the financial year 2017-18, compared to Rs 118 crore in 2015-16. Big corporates and brands such as Arvind, Reliance Industries, and Raymond’s have purchased khadi in huge...

Retail

Arvind to increase focus on garments business

In five years, all of Arvind’s textile production will be outsourced and the focus will be on garments. Garmenting manufacturing will be increased in phases, from 10 per cent as of now to 30 or 40 per cent. The aim is to emerge as a major apparel brand across price points. Arvind intends to employ at least 5000 to 8000 women each in facilities...

Retail

Arvind to set up apparel park in Andhra Pradesh

Textile major Arvind is planning to invest Rs 300 crores and set up a textile and apparel park in Andhra Pradesh. The project will be completed in phases and spread over 100 to 125 acres with a capacity to produce 24 million pieces of shirts and jeans per annum. The apparel park is expected to generate employment for around 15,000 people....

Business

Arvind demerges branded apparel business

Arvind is demerging its branded apparel and engineering businesses from the parent company. The branded apparel business will be demerged into Arvind Fashions and the engineering business will be demerged into another entity Anup Engineering and invest Rs 1,500 crore over the next three years to achieve double digit growth. The demerged entities...

Business

Arvind sees a dip in its Q2 net profit by 22 per cent

Textiles and apparel major Arvind has seen nearly 22.55 per cent drop in consolidated net profit for Q2 ended June 30. Total income during the quarter went up by 17.47 per cent. With demonetization, and a sharp increase in cotton prices and the appreciation of rupee against the dollar, Arvind sees its performance in the quarter as satisfactory....

Retail

Arvind, Raymond, Aditya Birla Retail to promote khadi

Leading apparel companies viz. Arvind, Raymond and Aditya Birla Fashion Retail have now taken the initiative to promote khadi. They have tied up with Khadi and Village Industries Commission (KVIC) to source khadi fabric and and launch designer apparels with the khadi mark. KVIC feels involvement of corporates in the khadi industry will help...

Fashion

Arvind launches summer corduroy 'Neo Cord'

Arvind has debuted a launched a new corduroy collection called ‘Neo Cord’, this debunks the belief that corduroy is a winter fabric. Arvind has brought denim sensibilities to the fabric by using the same technology used in denim. So Neo Cord can be worn in spring/summer as well. To display the breadth of colors and effects Neo Cord can achieve,...

Business

Arvind’s profit may fall 20 percent

Textile major Arvind’s profit on consolidated basis is expected to fall 20 percent year-on-year as its brand and retail business is likely to be hit by demonetisation. Revenue may grow eight per cent year-on-year and brand and retail business growth may be around nine to 10 percent. The company has guided 20 per cent growth in brand and retail...

BusinessFeatured

Arvind plans to shift its focus on garment business

India is the world’s second-largest raw cotton producer and textile exporter, next to China. Owing to increasing labour costs, China is losing its competitive edge in textiles. This should help Indian textile companies such as Arvind. Government initiatives, such as ‘Make in India’ and enhanced Technology Upgradation Fund Scheme, will also...