Hot Pursuit     21-May-24
Arvind Fashions gains as PAT climb 25% YoY in Q4 FY24
Arvind Fashions added 4.37% to Rs 490.40 after the speciality retailer’s consolidated net profit jumped 25.3% to Rs 40.21 in Q4 FY24 as compared with Rs 32.09 crore in Q4 FY23.
Revenue from operations rose 3.66% YoY to Rs 1,093.85 crore in fourth quarter of FY24, driven by healthy 4% LTL.

Profit before exceptional items and tax was at Rs 53.58 crore in March 2024 quarter, up 40.19% from Rs 38.22 crore posted in same period a year ago.

The company reported 17% increase in EBITDA to Rs 148 crore during the quarter as compared with Rs 127 crore posted in Q4 FY23. EBITDA margin improved 150 bps to 13.5%, driven by strong costs control, despite lower gross margins.

On full year basis, the company’s net profit decreased 2.43% to Rs 106.59 crore on 4.66% rise in revenue from operations to Rs 4,259.12 crore in FY24 over FY23.

Meanwhile, the board recommended dividend of Rs 1.25 per equity share for the financial year ended 31 March 2024, subject to shareholders’ approval.

Shailesh Chaturvedi, MD & CEO said, “FY24 has been a differentiated year with sharper execution leading to improvement in all key financial metrics, despite market environment staying subdued. Our continued focus on retail excellence resulted in healthy 4% LTL growth leading to 120 bps improvement in EBITDA margin for the full year.

Moving forward, we expect growth to witness strong uptick while continuing to stay decisively focused on scaling our existing brands through innovative retail formats and by accelerating our store network expansion leading to further improve margins & ROCE”.

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.

Previous News
  Arvind Fashions reports consolidated net profit of Rs 18.22 crore in the September 2022 quarter
 ( Results - Announcements 14-Nov-22   17:31 )
  Arvind Fashions allots 7,000 equity shares under ESOS
 ( Corporate News - 10-Dec-24   14:17 )
  Arvind Fashions grants 85,000 stock options under ESOS
 ( Corporate News - 05-Jan-23   16:50 )
  Arvind Fashions allots 35,000 equity shares under ESOS
 ( Corporate News - 20-Sep-22   11:42 )
  Arvind Fashions AGM scheduled
 ( Corporate News - 30-Jul-21   12:30 )
  Arvind Fashions to conduct EGM
 ( Corporate News - 25-Aug-21   20:11 )
  Arvind Fashions announces board meeting date
 ( Corporate News - 30-Jul-21   10:44 )
  Arvind Fashions reports consolidated net loss of Rs 68.00 crore in the December 2020 quarter
 ( Results - Announcements 03-Feb-21   16:54 )
  Board of Arvind Fashions approves change in CFO
 ( Corporate News - 05-Jan-23   15:03 )
  Arvind Fashions to announce Quarterly Result
 ( Corporate News - 04-Jul-20   14:47 )
  Arvind Fashions consolidated net profit rises 36.66% in the September 2024 quarter
 ( Results - Announcements 28-Oct-24   17:43 )
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