Arvind grants 32,000 stock options at Rs. 485.80

0 min read     Updated on 21 May 2026, 02:38 AM
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Ashish TScanX News Team
AI Summary

Arvind granted 32,000 stock options to eligible employees under ESOS-2021 at Rs. 485.80 per share. The options vest in three tranches between 2028 and 2030 and can be exercised within three years of vesting.

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Arvind has granted 32,000 stock options to eligible employees under its Employees Stock Option Scheme-2021. The grant was approved by the company's Nomination and Remuneration Committee on May 20, 2026. The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The options have been granted at an exercise price of Rs. 485.80 per share. Each option will convert into one equity share of Rs. 10 each upon exercise. The total number of shares covered by these options is 32,000.

Vesting Schedule

The options will vest in three tranches based on specific vesting conditions. The vesting period extends over four years, beginning in 2028.

No. of stock options Vesting Date
10,560 31-05-2028
10,560 31-05-2029
10,880 31-05-2030

Following vesting, the options can be exercised within a period of three years from the respective vesting dates. The company stated that no options have been exercised yet as they are currently in the grant stage.

Historical Stock Returns for Arvind

1 Day5 Days1 Month6 Months1 Year5 Years
+0.34%+10.18%+26.54%+35.97%+27.01%+522.94%

How does Arvind's exercise price of Rs. 485.80 compare to its projected stock performance over the four-year vesting period, and will the options remain attractive to employees?

Could Arvind's ESOP grant signal plans for talent retention ahead of a major business expansion or strategic initiative in the textile sector?

How might broader market conditions or regulatory changes to SEBI's Share Based Employee Benefits regulations impact the value and exercisability of these options by 2028?

Arvind Q4 FY26 Consolidated Revenue Rises 15% to ₹2,553 Cr; Board Recommends ₹4.5 Dividend

6 min read     Updated on 19 May 2026, 06:40 AM
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Riya DScanX News Team
AI Summary

Arvind Limited reported record Q4 FY26 consolidated revenue of ₹2,553 Cr (+15% YoY) and EBITDA of ₹327 Cr (+19%), with full-year FY26 revenue growing 12% to ₹9,303 Cr and net profit rising 21% to ₹444 Cr. The board recommended a final dividend of ₹4.5 per share and approved a Memorandum of Association amendment. Subsidiary AAML acquired a 60.635% stake in US-based Dalco-GFT for USD 85.42 Mn, marking Arvind's entry into the US technical textiles market.

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Arvind Limited announced its audited financial results for the fourth quarter and full year ended March 31, 2026, following a board meeting held on May 15, 2026. The company reported sustained growth across key business segments, achieving record highs in consolidated revenue and EBITDA for the quarter. The board of directors recommended a final dividend of ₹4.5 per equity share and approved an alteration to the Object Clause of the Memorandum of Association. Statutory auditors Deloitte Haskins & Sells LLP issued their audit reports with an unmodified opinion on both standalone and consolidated financial results.

Q4 FY26 Consolidated Financial Performance

Arvind delivered an all-time high consolidated revenue of ₹2,553 Cr and EBITDA of ₹327 Cr for Q4 FY26, representing a year-on-year increase of 15% and 19% respectively. The EBITDA margin expanded to 12.8% from 12.4% in the corresponding quarter of the previous year. The following table summarises the key consolidated financial metrics for the quarter:

Particulars: Q4 FY25 Q4 FY26 YoY Change
Revenue from Operations: ₹2,220.69 Cr ₹2,553.09 Cr 15%
EBITDA: ₹275 Cr ₹327 Cr 19%
EBITDA %: 12.4% 12.8% 40 bps
PAT (attributable to equity holders): ₹151.04 Cr ₹159.71 Cr ~6%
Basic EPS (₹): 5.77 6.10 —

Full Year FY26 Consolidated Performance

For the full year FY26, consolidated revenue from operations grew by 12% to ₹9,303.19 Cr from ₹8,328.81 Cr in FY25. EBITDA increased by 15% to ₹1,061 Cr, and net profit for the year increased by 21% to ₹444 Cr. The ROCE for the full year reached an all-time high of 13.8%. The table below presents key full-year consolidated financial data:

Particulars: FY25 FY26 YoY Change
Revenue from Operations: ₹8,328.81 Cr ₹9,303.19 Cr 12%
Total Income: ₹8,394.00 Cr ₹9,359.51 Cr —
Profit Before Tax: ₹492.87 Cr ₹595.04 Cr —
Profit for the Year: ₹367.38 Cr ₹426.97 Cr —
PAT attributable to equity holders: ₹353.49 Cr ₹413.94 Cr —
Basic EPS (₹): 13.51 15.80 —

Standalone Financial Highlights

On a standalone basis, Arvind reported revenue from operations of ₹1,993.67 Cr for Q4 FY26, compared to ₹1,585.00 Cr in Q4 FY25. Profit after tax from continuing operations for the quarter stood at ₹80.23 Cr versus ₹44.48 Cr in the year-ago period. For the full year FY26, standalone revenue from operations was ₹7,142.95 Cr compared to ₹6,236.40 Cr in FY25, while profit after tax from continuing operations was ₹252.08 Cr versus ₹92.78 Cr previously. The standalone results also reflect the Advanced Materials Undertaking as a discontinued operation following the NCLT-sanctioned scheme of arrangement, with profit from discontinued operations for FY26 at ₹45.49 Cr.

Particulars: Q4 FY25 Q4 FY26 FY25 FY26
Revenue from Operations: ₹1,585.00 Cr ₹1,993.67 Cr ₹6,236.40 Cr ₹7,142.95 Cr
Profit Before Tax (Continuing): ₹76.77 Cr ₹107.06 Cr ₹236.75 Cr ₹342.96 Cr
PAT (Continuing Operations): ₹44.48 Cr ₹80.23 Cr ₹92.78 Cr ₹252.08 Cr
PAT (Discontinued Operations): ₹48.53 Cr — ₹147.50 Cr ₹45.49 Cr
Total Comprehensive Income: ₹89.19 Cr ₹42.83 Cr ₹226.93 Cr ₹239.77 Cr

Segment-Wise Performance

The quarter witnessed strong volume growth across all core business segments. Denim fabric volumes reached 17.4 Mn meters, up 19%, while woven fabric volumes were 34.9 Mn meters, up 5%. Garmenting volumes crossed 10 Mn pieces for the third consecutive quarter. The Advanced Materials business reported a record revenue of ₹546 Cr with an EBITDA margin crossing 17%. The following table presents the consolidated segment-wise revenue for Q4 FY26:

Segment: Q4 FY25 Q4 FY26 FY25 FY26
Textiles: ₹1,614.43 Cr ₹1,977.29 Cr ₹6,174.28 Cr ₹7,147.77 Cr
Advanced Materials: ₹450.70 Cr ₹545.97 Cr ₹1,543.53 Cr ₹1,838.50 Cr
Others: ₹201.42 Cr ₹218.75 Cr ₹738.06 Cr ₹753.58 Cr
Net Sales/Income from Operations: ₹2,220.69 Cr ₹2,553.09 Cr ₹8,328.81 Cr ₹9,303.19 Cr

Dividend Recommendation

In line with its dividend distribution policy, the board recommended a final dividend of ₹4.50 per equity share of face value of ₹10 each for the financial year ended March 31, 2026. The total dividend payout amounts to ₹118 Cr, which is 28.5% of the reported consolidated PAT for the year. This recommendation is subject to the approval of shareholders at the ensuing Annual General Meeting.

Acquisition of Dalco-GFT

Subsequent to the closure of the reporting period, on May 6, 2026, Arvind Advanced Materials Limited (AAML), a subsidiary of the company, subscribed to 100% of the paid-up equity shares of Arvind Advanced Materials US TopCo Inc. for a total consideration of USD 58 Mn. On the same date, BidCo LLC acquired a 60.635% stake in Dalco GF Technologies, LLC (Dalco-GFT), Delaware, USA for a total consideration of USD 85.42 Mn. Subsequently, on May 7, 2026, BidCo LLC was merged with and into Dalco-GFT, with Dalco-GFT continuing as the surviving entity and becoming a step-down subsidiary of the company. This marks Arvind's entry into the world's largest technical textiles market.

Parameter: Details
Acquiring Entity: Arvind Advanced Materials Limited (AAML)
Target: Dalco GF Technologies, LLC (Dalco-GFT)
Stake Acquired: 60.635%
Acquisition Consideration: USD 85.42 Mn
TopCo Subscription Consideration: USD 58 Mn
Incorporation: Delaware, USA
Effective Date: May 6–7, 2026

Memorandum of Association — Object Clause Alteration

The board also approved the alteration of the Object Clause of the Memorandum of Association through the insertion of a new sub-clause (v) after the existing sub-clause (u) in Clause III (2), subject to shareholder approval. The proposed amendment broadens the company's stated objects to encompass a wide range of business transformation and technology-enabled services.

Parameter: Details
Clause Affected: Clause III (2) of the Memorandum of Association
Nature of Change: Insertion of new sub-clause (v) after existing sub-clause (u)
Subject to: Approval of shareholders

The new sub-clause covers services including Finance & Accounts, Human Resources, Information Technology Services (ITS), Information Technology Enabled Services (ITeS), Digital Transformation Services (DTS), Data Entry, Processing, Mining & Analytics, Business Process Management, supply-chain, procurement, strategic sourcing, vendor management, logistics coordination, and related advisory services. It also encompasses cloud services, cybersecurity, enterprise systems, infrastructure management, software development, application management, customer relationship management, and all types of end-to-end integrated solutions involving information systems.

Strategic Guidance for FY27

For FY27, Arvind expects to grow at double digits, backed by high double-digit growth in Advanced Materials and mid-teen growth in Garments. The company plans capital allocation of ₹450–500 Cr for growth-oriented capex.

Historical Stock Returns for Arvind

1 Day5 Days1 Month6 Months1 Year5 Years
+0.34%+10.18%+26.54%+35.97%+27.01%+522.94%

How will the Dalco-GFT acquisition impact Arvind's Advanced Materials revenue mix and margins in FY27, given that the US technical textiles market operates under different competitive dynamics than India?

Could the proposed MoA amendment to include IT, BPO, and digital transformation services signal Arvind's intent to monetize internal capabilities as a standalone business, and what revenue potential could this unlock?

With ₹450–500 Cr earmarked for growth capex in FY27, how will Arvind balance debt levels and maintain its improving ROCE trajectory, especially after the ~USD 143 Mn Dalco-GFT transaction?

More News on Arvind

1 Year Returns:+27.01%