However, on a consolidated basis, Arvind Fashions’ net profit for the first quarter went up to Rs 13 crore as compared to Rs 1 crore a year back. Consolidated revenue jumped by 16% yoy at Rs 1,107 crore. No reason was shared for this better performance at a consolidated level.
Arvind Fashions managing director Shailesh Chaturvedi said the first quarter reported a bright start to the financial year with revenue growth reaching 16%.
“This is a testimony of our conscious efforts of investing in higher marketing to re-energize our industry leading brands leading to strong awareness and higher footfalls along with market share gains. Moving ahead, we will continue to focus on our direct channel strategy resulting in higher bottom-line & ROCE (return on capital employed).”
The company’s growth for the online channel was 30%-plus. The contribution of the online B2C channel increased from 13% to 15% in the quarter under review over the same period last fiscal. On Monday, Arvind Fashion Ltd share price was down 0.1% on the BSE at Rs 499.45.
