Senior Correspondent, IndianRetailer.com & Retailer Magazine Oct 25, 2012 / 2 MIN READ
Arvind Limited, textile and branded apparel player recorded Revenue of Rs. 1325 crore and Net Profit After tax of Rs. 65 crore for the quarter ended on 30th September, 2012 as against Revenue of Rs. 1254 crore and Net Profit After tax of Rs. 62 crore for the previous quarter ended on 30th September, 2011.
Commenting on the results as well as outlook of the Company, Mr. Jayesh Shah, Director and Chief Financial Officer said: “The business scenario is moderately bullish as international demand is strong. We are satisfied that margins in both Textile and Brands & Retail business are now witnessing upward movement. We see further volume growth in our Shirting fabrics and much better 3rd quarter for Brands & Retail business as Diwali festival this year is falling in the month of November.”
Besides design, Arvind would co-create and supply them the finished product after manufacturing.
The company has listed states like Gujarat, Karnataka, Jharkhand and Andhra Pradesh for setting up of large factories which can employ 10,000 workers. The development also promised the generation of 30,000 and 40,000 new jobs.
The brands including Arrow, US Polo Association, Flying Machine and Tommy Hilfiger grew by strong 16% (20% adjusted for GST). Unlimited – the value retail offering – grew by 20%, the company said.
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