Arvind Limited , a leading textile and apparel company, has announced its financial results for the first quarter, demonstrating resilience in the face of global uncertainties. The company also appointed a new Internal Auditor, signaling its commitment to robust governance practices.

Financial Performance

For the quarter ended June 30, Arvind Limited reported consolidated revenue of ₹2,006.32 crore, marking a 10% increase from ₹1,830.60 crore in the same quarter of the previous year. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹186.00 crore, up 14% year-on-year, with an EBITDA margin of 9.3%.

The company's profit after tax (PAT) saw a significant jump of 35%, reaching ₹53.00 crore compared to ₹39.00 crore in the corresponding quarter of the previous year.

Segment Performance

The Textiles segment, which includes fabrics, garments, and fabric retail, showed strong growth with a 13.8% increase in revenue. The Advanced Materials division, comprising human protection fabrics, industrial products, and automotive fabrics, grew by 6.8%.

Operational Highlights

• The Garmenting division achieved its highest quarterly revenue at ₹485.00 crore, growing by 18% year-on-year.
• Garment volumes approached 10 million pieces, driven by new customer acquisitions and increased verticalization.
• The Advanced Materials Division (AMD) secured a significant order worth ₹200.00 crore for the Vande Bharat train program, to be executed over five years.

Strategic Developments

Punit S. Lalbhai, Vice Chairman of Arvind Limited, commented on the results, stating, "Despite a challenging start, this fiscal year is shaping up to be a year of meaningful growth for Arvind. While margin pressures are expected to persist in the first half, we remain confident of a stronger second half, supported by solid volume commitments, operational efficiencies, and strategic execution."

New Internal Auditor Appointment

In a move to strengthen its internal control mechanisms, Arvind Limited's Board of Directors approved the appointment of Mr. Jigar Patel as the company's Internal Auditor, effective July 29. Mr. Patel, a Chartered Accountant with over 15 years of experience, brings expertise in internal audit, risk management, compliance, and internal controls from his previous roles at Gujarat Tea Processors & Packers Ltd and leadership positions at KPMG India and BDO India.

Future Outlook

The company anticipates improved performance in the coming quarters, with both Garment and AMD segments expected to clock double-digit growth in the second half of the fiscal year. Arvind Limited remains focused on its long-term goals, with planned capital investments of ₹450.00-475.00 crore for the fiscal year to support capacity expansion and growth initiatives.

As global trade dynamics continue to evolve, particularly with ongoing US tariff discussions and the recently signed UK-India Free Trade Agreement, Arvind Limited appears well-positioned to capitalize on emerging opportunities in the textile and apparel sector.

Arvind Limited , a leading textile and advanced materials company, has reported a stable performance for the first quarter, while projecting a stronger second half with double-digit growth in key segments.

Financial Highlights

For the quarter ended June 30, Arvind Limited posted the following consolidated results:

Segment Performance

Textiles

The textile segment, which includes fabrics, garments, and fabric retail, reported:

Advanced Materials

The Advanced Materials Division (AMD), comprising human protection fabrics, industrial products, and automotive fabrics, showed:

Operational Highlights

• The garmenting division achieved its highest quarterly revenue at ₹485 crore, marking an 18% growth.
• Garment volumes approached 10 million pieces, driven by new customer acquisitions and increased verticalization.
• The AMD's Mass Transport segment secured a significant order worth ₹200 crore, to be executed over five years, for the Vande Bharat train program.

Future Outlook

Arvind Limited expressed confidence in its growth trajectory for the latter half:

1. Double-digit Growth: The company projects double-digit growth for both its garment and AMD sectors in the second half.

2. Margin Improvement: Management anticipates margin improvements across these business segments, indicating potential for increased profitability.

3. Order Book Strength: Despite global uncertainties, Arvind reported strong momentum in order books for both Textiles and AMD divisions, reflecting increased global interest in India as a sourcing destination.

4. Capacity Expansion: The company has planned capital investments of ₹450-475 crore to support capacity expansion and long-term growth initiatives.

Punit S. Lalbhai, Vice Chairman of Arvind Limited, commented on the results: "Despite a challenging start, the year is shaping up to be a year of meaningful growth for Arvind. While margin pressures are expected to persist in the first half, we remain confident of a stronger second half, supported by solid volume commitments, operational efficiencies, and strategic execution."

The company's focus on vertical integration, new customer acquisition, and diversification into high-value segments appears to be paying off, positioning Arvind Limited for potential growth in the coming quarters.

Market Response

Investors and analysts will be closely watching Arvind's performance in the coming months to see if the projected growth and margin improvements materialize, particularly in light of ongoing global economic uncertainties and shifting trade dynamics.