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Revenue from operations increased 7.20% to Rs 1,266.94 crore in Q2 FY24 as compared with Rs 1181.81 crore posted in Q2 FY23, despite slower consumer demand. Growth was largely led by retail and MBO channel.
Profit before tax was at Rs 48.19 crore in Q2 FY24, up 6.85% as compared with Rs 45.10 crore posted in same period a year ago.
The company reported EBITDA of Rs 152 crore during the quarter as compared with Rs 136 crore posted in Q2 FY23. EBITDA margin improved by 50 Bps to 12% in Q2 FY24 as against 11.5% in Q2 FY23.
In Q2 FY24, gross margins expansion of 510 bps YoY was at 49.5% led by retail LTL growth of 9% and higher retail channel mix by 400 bps YoY.
Shailesh Chaturvedi, MD & CEO said, “We have delivered the highest ever quarterly financial performance across revenues, EBITDA & PAT, while consumer demand continued to remain soft during the quarter. Sharper execution in the retail channel along with premiumization offering across our marquee brands and decisive focus strategy continue to yield good results. We remain committed to profitably growing the business thereby improving the return ratios, aiding shareholder value creation.”
Arvind Fashions is India's no 1 casual and denim player, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across the sub-categories and price points. With a host of renowned brands, both international and indigenous, like U.S. Polo Assn., Arrow, Tommy Hilfiger, Calvin Klein and Flying Machine, it has presence across lifestyle brands.
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