By Vivek K Mob: 00919820310487 E-mail: firstname.lastname@example.org
Arvind Limited, one of the largest integrated textile and branded apparel players, posted strong revenue growth of 26% to Rs. 1774 crores and Net Profit After Tax (From Ordinary Activities) growth of 36% to Rs.102 crores for the quarter ending 31″ December 2013, as against Revenue of Rs. 1405 crores and Net Profit After tax of Rs. 75 crores for the same quarter last year, that ended on 31″ December 2012. At the operating level, consolidated EBIDTA for the Quarter stood at Rs. 254 crores as against EBIDTA of Rs. 191 crores for the same quarter last year, registering growth of 33%.
Commenting on the results as well as outlook for the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “We are happy to note that we continue to register the all round volume growth as well as price gains across all business segments. The revenue of textiles segment has grown by 24% led by growth of 20% in Denim, 21% in Wovens fabrics and 35% in Garments manufacturing. Our Brands & Retail business has registered very strong growth of 30%. We expect that the current growth momentum shall continue for the near future.