Arvind Ltd., one of India’s largest integrated textile and branded apparel players, has recorded strong growth in revenue of 34 per cent revenue at Rs. 1,879 crores for the quarter ended March 31, 2014, as against Rs. 1,406 crores in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 22 per cent at Rs. 248 crores (Rs. 203 crores). Profit after tax grew by 24 per cent to Rs. 94 crores (Rs. 76 crores).
For the financial year ended March 31, 2014, the company reported 30 per cent growth in revenue and 36 per cent growth in operating profit (EBIDTA). Revenue for the year stood at Rs. 6,862 crores (Rs. 5,293 crores). Net profit from ordinary activity grew by a whooping 49 per cent at Rs. 369 crores from Rs. 248 crores. At the operating level, consolidated EBIDTA for the year jumped by 36 per cent to Rs. 934 crores from Rs. 687 crores.
The Board of Directors has recommended a dividend of 23.5 per cent for the year as against 16.5 per cent for the previous year.
Commenting on the results as well as outlook of the company, Mr. Jayesh Shah, Director & Chief Financial Officer, said: “It is very heartening to note that the company is maintaining the strong growth momentum across all its business verticals. The robust revenue growth of 30% is led by 37% growth in Brands & Retail business and 21% growth in Textile business with operating profit margin expansion in both the businesses. Given the all-round improvement in the performance of all the business verticals and the growth momentum they have attained, we are hopeful of growing by 22-24% during the year 2014-15.”