Integrated textile and branded apparel player Arvind Limited has posted a revenue growth of 26 percent to Rs 1,774 crore and Net Profit After Tax (From Ordinary Activities) growth of 36 percent to Rs 102 crore for the quarter ended December 31, 2013, as against revenue of Rs 1,405 crore and Net Profit After Tax of Rs 75 crore for the same quarter last year.
Commenting on the results, Jayesh Shah, Director and Chief Financial Officer, Arvind, said: "We are happy to note that we continue to register the all-round volume growth as well as price gains across all business segments. The revenue of textiles segment has grown by 24 percent led by growth of 20 percent in Denim, 21 percent in Wovens fabrics and 35 percent in garments manufacturing. Our brands and retail business registered a strong growth. We expect that the current growth momentum shall continue for the near future.”
At the operating level, consolidated EBIDTA for the quarter stood at Rs 254 crore as against EBIDTA of Rs 191 crore for the same quarter last year, registering a growth of 33 percent.
