Arvind Smartspaces has announced a significant management restructuring with the appointment of Priyansh Kapoor as the new Chief Executive Officer. Kulin Lalbhai will continue in his role as vice-chairman, ensuring leadership continuity during this transition period.

Leadership Transition and Strategic Focus

The management change represents a strategic shift in the company's operational approach, with emphasis on enhancing efficiencies and streamlining processes. The new leadership structure aims to reduce the time lag between project announcements and actual launches, potentially accelerating the company's development timeline.

Growth Projections and Pipeline

Despite the management transition, Arvind Smartspaces has maintained its ambitious growth targets for the upcoming fiscal year. The company has reaffirmed its FY26 pre-sales growth guidance, projecting expansion of 30-35 percent.

Market Expansion Strategy

The company expects strengthened momentum across sales, collections, and execution in the second half of the fiscal year. New projects across multiple key markets are scheduled to come online, supporting the growth trajectory. The expansion covers major metropolitan areas including:

• Ahmedabad
• Vadodara
• Mumbai Metropolitan Region (MMR)
• Bengaluru

Financial Strategy and Outlook

Arvind Smartspaces continues to prioritize asset-light expansion and capital-efficient growth models. The management has expressed confidence in sustained cash generation capabilities while maintaining disciplined capital allocation practices. The company's tri-city-led model and ongoing organizational transformation are expected to enable significant project scale-up opportunities.

Analysts have valued the company at 5.5x FY28E Pre-sales/EBITDA, maintaining a BUY recommendation with a target price of ₹740 against the current market price of ₹599.15.

Arvind Limited has announced a leadership restructuring in its textiles and apparel division as part of the company's long-term succession planning. The changes, announced on December 18, 2025, will take effect from April 15, 2026.

Leadership Transition Details

The key changes in the leadership structure are outlined below:

Punit Lalbhai, currently Vice Chairman of Arvind Limited, will step into an executive role to lead the textiles and apparel business from April 2026. This transition is part of the company's succession planning initiative.

Current Leadership Continuity

Susheel Kaul, who has served as MD and President of the textiles and apparel business, will continue as MD while focusing on key strategic projects. He will work closely with the management team to shape future growth initiatives for the group.

Kaul stated that the years spent in leadership roles have been the most satisfying part of his long relationship with the group. He noted that Arvind Limited has been an agile and innovative organization and expressed gratitude to Sanjay Lalbhai and Punit Lalbhai for their trust and support.

Management Commentary

Punit Lalbhai acknowledged Kaul's central role in Arvind's success, highlighting his contribution in driving strong growth, innovation, and expansion. He emphasized that together they have built a brand that speaks for itself and expressed appreciation for Kaul's contributions to the organization.

Company Overview

Arvind Limited operates as a textile-to-retail conglomerate with focus areas including:

• Textiles and apparels
• Advanced materials
• Environmental solutions
• Telecom
• Omni-channel commerce

The company positions itself as an integrated solutions provider in textiles with fiber-to-fashion capabilities for a global customer base. It operates as a design powerhouse implementing innovative concepts and generating intellectual property, ranking among the top suppliers of fabric worldwide.