Arvind Q3 Revenue Up by 17% at Rs. 2074 Crores, Profit Up 9% at Rs. 112 Crores

Arvind Limited, one of the largest integrated textile and branded apparel players has recorded strong growth in the consolidate revenue by 17% at Rs. 2074 crores for the quarter ended 31^st December 2014, as against Rs.1772 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 16% at Rs. 288 crores as against Rs. 249 crores in the corresponding quarter of the previous year. Profit after tax grew by 9% to Rs. 112 crores as compared to Rs. 103 crores in the corresponding quarter for the last year.

Commenting on the results of the Company, Mr. Jayesh Shah, Director & Chief Financial Officer said: “The revenue growth of 17% is led by 22% growth in Brands & Retail business with of Textile business growing at 9%. While see strong global demand for textiles, Indian retail demand is not as expected. We expect revenue growth of 14-15% for this financial year and hope to maintain operating margin at current level. "

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