Arvind Fashions Ltd. reported a 15.5% year-on-year (YoY) increase in consolidated revenue from operations to Rs 1,278.5 crore for the quarter ended June 30.
The company’s consolidated net profit rose 11% YoY to Rs 27.61 crore, compared with Rs 24.86 crore in the corresponding quarter last year.
During the quarter, direct channels registered like-for-like growth of 11.6% and contributed 62% of the company’s total revenue. Meanwhile, its online direct-to-consumer (D2C) business recorded 38% YoY growth.
Total expenses for the quarter increased to Rs 1,245.48 crore from Rs 1,083.02 crore in the same period last year.
Commenting on the performance, Amisha Jain, Managing Director and CEO of Arvind Fashions, said, “This performance is particularly noteworthy given the inflationary environment shaped by the West Asia conflict, higher petroleum prices, elevated forex rates and minimum wage increases across several states, and reflects the resilience of our brand portfolio and the discipline of our operating model.”
Jain added, “Our focus remains on accelerating profitable growth across our marquee brands, deepening consumer engagement through increased brand investments, and increasing the share of our direct channels.”
Headquartered in Bengaluru, Arvind Fashions Ltd. is one of India’s leading lifestyle, retail and apparel companies. It manages a portfolio of owned and licensed global brands, including U.S. Polo Assn., Arrow, Flying Machine, Calvin Klein and Tommy Hilfiger.
The company’s brands are retailed through more than 1,300 exclusive brand outlets and around 5,000 departmental and multi-brand stores across India.
