Arvind Mills news and archive

Arvind records 4 per cent jump in Q3 revenue

India’s leading integrated textile and branded apparel company, Arvind Limited, has reported a growth in the consolidated revenue by 4 per cent at Rs 2,157 crores for the quarter ended 31 December 2015. In the same period last year, the revenue was Rs 2,074 crores. The consolidated EBITDA was marginally lower at Rs 281 crores as against Rs 288...

Apparel

Arvind reports record revenue growth of 26 percent

Despite low consumer sentiment, slow economy and rise in raw material costs affecting businesses, textile and apparel major Arvind, has reported a strong revenue growth of 26 percent to Rs 1,774 crores. Its net profit after tax grew by 36 percent to Rs 102 crores for the quarter ending December, 31, 2013, as against revenue of Rs 1,405 crores...

Apparel

Arvind’s Q2 net up 39 percent to Rs 90.05 crores

Arvind has reported 39 percent increase in its consolidated net profit for Q2 ended September 30, 2013. Profits stood at Rs 90.05 crores on the back of good performance from its textiles vertical. The company had posted a net profit of Rs 64.78 crores in the same quarter last fiscal. Net sales in the period under review was Rs 1,762.76 crores as...

Apparel

Arvind to expand manufacturing beyond Gujarat

By the end of next year, Arvind Mills plans to set up new manufacturing facilities outside Gujarat. The new units will be set up outside their existing units at Ahmedabad and Bangalore. The plan is to bring people from various regions and set up a dormitory type of model to expand its existing manufacturing capacity. Even on the export front,...

Apparel

Arvind bets on rupee’s fall to up textile exports

Arvind is looking at taking advantage of the falling rupee as well challenging conditions in competing country Bangladesh due to labour unrest, wage price rise, compliance issues and so on. The company feels that these factors would provide a competitive edge to the Indian textile industry in the export market. The rupee’s downward journey...

Apparel

‘Arvind’ apparel brand to be launched next year

Unraveling the company’s plans after the launch of its first flagship store in Ahmedabad, Kulin S Lalbhai, Executive Director, New Initiatives, Arvind told media that the denim maker will launch the ‘Arvind’ brand apparels across India next year. The company that currently markets its products under Nautica, Flying Machine, US Polo and Arrow...

Apparel

Denim players witness positive Q1

Despite oversupply of stocks and continuous rise in production capacity, Indian denim brands recorded double digit growth in their bottomline for the first quarter of fiscal 2013-14. Major players like Arvind, KG Denim and Nandan Exim were able to post over 20 per cent growth in their net profits for the quarter. For instance, while Arvind’s...

Apparel

Arvind, DyStar team up

DyStar Group and Arvind have committed to a partnership in the field of denim. Dedicated teams from DyStar and Arvind’s Denim Division will work closely together to implement new technologies in indigo dyeing and finishing as well as develop new products, processes and effects for denim fabrics and garments. Moving forward, DyStar Indigo Vat 40...

Apparel

Positive Q4 margins cheer denim players

Despite over supply in the market, denim fabric manufacturing firms have shown considerable rise in margins for the fourth quarter of the fiscal ended 2012-13. The denim industry, led by Arvind, Aarvee Denims & Exports, KG Denim and Nandan Exim among others, saw bottomline increase manifold in Q4 of FY '13. Industry experts have attributed the...

Fashion

Lycra Rendezvous: New fiber receives buoyed response

Invista, the leading fiber and fabric innovator in textile industry organised the second edition of its knowledge and innovation conclave ‘Lycra Rendezvous’ at the Taj Palace, New Delhi recently. The event witnessed leading mills and brands from the textile and apparel industry such as Arvind Denim, Mafatlal Denim, Vardhaman, Banswara Syntex...

Apparel

Arvind to pass on excise benefit to customers

The FM, in his Budget speech, announced zero excise duty on cotton textiles at fibre, yarn fabric and garment stage. Now the question everyone wants an answer to is, whether companies would start passing on the excise benefit to customers. Finally, one of the leading companies in textile and apparel space, Arvind Mills has said that it would...

Apparel

Positive budget measures fail to cheer textile stocks

Though the Finance Minister in the Union Budget announced the extension of zero excise duty to textiles at the garment stage, the measures failed to lift stocks of textile companies listed today. Textile stocks gave up all the gains made earlier in the day and ended in the red as the measures announced for the sector were more or less on...