Arvind posts fancy Q1FY17 results

Arvind has declared its Q1FY17 results on August 4. The company’s revenue has increased by 17.76 per cent to Rs 2104 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 16.35 per cent to Rs 242 crore in Q1FY17 on a yearly basis. Arvind’s EBITDA margin has contracted by 12 basis points to 11.5 per cent in Q1FY17 as compared to same period in previous financial year. Its net profit also increased by 87.86 per cent to Rs 113 crore in Q1FY17 as compared to same period in previous fiscal. Arvind’s net profit margin has expanded by 132 basis points to 5.37 per cent in Q1FY17 on a yearly basis.

On segmental revenue front, Arvind has earned 67.15 per cent from textiles, 26.05 per cent from branded apparels, 0.08 per cent from internet and remaining 6.72 per cent from others during Q1FY17.

The share price of Arvind has increased by 2.51 per cent on bourses in early trades; and is trading at Rs 295.5 on  an intraday basis.

Arvind is a vertically integrated textile company. The company manufactures cotton shirting, denim, knits and bottom weight (Khakis) fabrics, and jeans and shirting garments. Its brand portfolio includes International brands like Arrow, US Polo, Izod, Elle and Cherokee. Arvind also operates a chain of apparel value retail stores, called MEGAMART. It also operates the speciality retail stores under the licensing arrangement with international brands of Debanhams and Next.