Arvind Limited, one of the largest integrated textile, apparel and branded apparel players earned Net Profit of Rs.12.25 crores for the third quarter of current year as against Net Loss of Rs.33.17 crores in the corresponding quarter of the previous year on account of volume growth, lower energy cost and lower interest & finance cost. In view of demerger of its Brands & Retail business into separate 100 per cent owned subsidiary companies with effect from 1st April 2009, the results are not comparable.
Excluding the figures of now demerged brands & retail businesses the revenue for the quarter are up by 20 poer cent at Rs.566 crores as against Rs.473 crores in the corresponding quarter of the previous year. At the operating level, EBIDTA increased by 12 per cent at Rs.78 crores as against Rs.70 crores for the corresponding quarter of the previous year.
During the quarter under review, Denim fabric registered growth of 36 per cent in volumes over the corresponding quarter of previous year, following 16% growth in export volume and 54 per cent growth in domestic volume as a result of company’s aggressive market share acquisition plan in domestic market. Domestic volume now constitutes 60 per cent as against 53 per cent for the corresponding quarter of the total volume of Denim fabric. As far as shirting fabric is concerned, the aggressive thrust in domestic retail market has led to 44 per cent growth in volume.
Brand & Retail Businesses also grew by 26 per cent during the quarter.
— IndiaRetailing Bureau
