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Arvind Fashions Results: Latest Quarterly Results & Analysis

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Arvind Fashions Ltd. 03 Nov 2025 14:04 PM
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Q2FY26 Quarterly Result Announced for Arvind Fashions Ltd.

Apparels & Accessories company Arvind Fashions announced Q2FY26 results

  • Revenues witnessed a strong trend led by direct channels resulting in overall growth of 11% to Rs 1,418 crore compared to Rs 1,273 crore in Q2FY25.
  • Focus on direct-channels resulted in delivering 8.3% LTL and 50% growth in online B2C channel.
  • Gross margins expanded by 210 bps to 52.5%, aided by richer channel mix & lower consumer discounting.
  • EBITDA grew 18.2% to Rs 200 crore compared to Rs 170 crore in Q2FY25. EBITDA margin improved by 80 bps to 14.1%.
  • PAT increase to Rs 38 crore compared to Rs 30 crore in Q2FY25.
  • Inventory turns continue to be stable and NWC days remained at 60 days.

Amisha Jain, MD & CEO said: “In Q2FY26, we sustained ourstrong growth trajectory with an 11.3% increase in revenue. The recent GST reforms are expected to further boost consumer confidence and spending. As we move forward, we remain focused on investing in our marquee brands and strengthening consumer connections through our direct channel strategy, while accelerating retail expansion, driving premiumisation and scaling adjacent categories – further, strengthening our portfolio and creating long – term value for our shareholders.”

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Apparels & Accessories company Arvind Fashions announced Q1FY26 results

  • Revenues witnessed a strong trend across channels resulting in overall growth of 16% to Rs 1,107 crore compared to Rs 955 crore in Q1FY25
  • Focus on direct-channels resulted in delivering 8.1% LTL and 30% growth in online B2C channel
  • Gross margins expanded by 60 bps to 55.9%, aided by lower consumer discounting
  • EBITDA grew 20.3% to Rs 148 crore compared to Rs 123 crore in Q1FY25. EBITDA margin improved by 50 bps to 13.4%, despite 140 bps higher advertising spends YoY
  • PAT witnessed multi-fold increase to Rs 13 crore compared to Rs 1 crore in Q1FY25

Shailesh Chaturvedi, MD & CEO said “Q1FY26 witnessed a bright start to this 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”

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Apparels & Accessories company Arvind Fashions announced Q3FY25 results

  • Revenues grew by ~7% to Rs 1,203 crore compared to Rs 1,125 crore in Q3FY24. Robust growth was witnessed across retail & online B2C channel, while wholesale channel stayed flat
  • Retail LTL was strong at 11%, led by investments in upgrading customer experience and differentiated celebrity capsule collections
  • Highest ever quarterly EBITDA at Rs 174 crore compared to Rs 150 crore in Q3FY24. EBITDA margins improved by more than 110 bps YoY to 14.5% through better channel mix, lower discounting & continued cost optimization efforts. EBITDA grew by 16% on YoY basis
  • Profit before tax (PBT) witnessed strong growth of 55% to Rs. 69 crore compared to Rs 44 crore in Q3FY24
  • PAT (from continuing operations) grew by 71% to Rs 28 crore compared to Rs 16 crore in Q3FY24
  • Gross working capital (GWC) days largely remained stable at 143 days

Shailesh Chaturvedi, MD & CEO said “AFL delivered yet another quarter of differentiated results despite tepid demand scenario across the industry. Retail LTL of 11% is a clear reflection of our conscious investments in upgrading customer experience and celebrity collab collection, helping deliver 7% revenue growth. Favourable channel mix & lower discounting coupled with cost efficiencies resulted in the highest ever quarterly EBITDA and 71% growth in PAT. Our decisive focus on scaling existing brands is helping us gain market share. Moving forward, we will continue to stay committed to profitable growth & generate higher ROCE.”

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Apparels & Accessories company Arvind Fashions announced Q2FY25 results

  • Revenues grew by 8.5% to Rs 1,273 crore compared to Rs 1,174 crore in Q2FY24. Strong growth was witnessed across retail & online channels, while wholesale channel growth was tepid.
  • Retail LTL of 4.6%, despite muted market environment.
  • Highest ever quarterly EBITDA at Rs 170 crore compared to Rs 143 crore in Q2FY24. EBITDA growth was at 18.5% YoY. EBITDA margin improved by more than 110 bps YoY to 13.3%, aided by cost efficiencies.
  • Profit before tax (PBT) witnessed growth of 27.9% to Rs 67 crore compared to Rs 52 crore in Q2FY24.
  • Profit after tax (PAT) grew by 36.6% to Rs 30 crore compared to Rs 22 crore in Q2FY24.
  • Gross working capital (GWC) days remained stable with inventory days lower by 4 days.

Shailesh Chaturvedi, MD & CEO, Arvind Fashions, said: “In muted market conditions, AFL delivered 9.2% revenue growth and 18.8% EBITDA growth in H1FY25. This reflects strength of our brands and high quality execution by the AFL team on brand promises, with further investment into strengthening of growth levers | am particularly pleased with collab collections with Orry for Flying Machine and His Highness Pacho of Jaipur Royal Family for U.S. Polo Assn. Looking ahead, we will continue to stay committed to profitable growth, thereby delivering improved ROCE.”

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Apparels & Accessories company Arvind Fashions announced Q1FY25 results:

Financial Highlights: 

  • Revenues grew by 10% to Rs 955 crore compared to Rs 867 crore in Q1FY24. Sales growth witnessed significant uptick compared to FY24 levels. Growth in Q1 was led by wholesale channel along with healthy 1.5% LTL in retail channel, despite tough market conditions
  • Gross margins stood at 55.2%, an improvement of 80 bps Y-o-Y, led by focus on full price sell-thru and product cost efficiencies
  • EBITDA grew 19% to Rs 123 crore compared to Rs 103 crore in Q1FY24. EBITDA margin improved by 100 bps Y-o-Y to 12.9%
  • Profit before tax (from the continuing business) grew by more than 67% to Rs 24 crore compared to Rs 14 crore in Q1 FY24
  • Gross working capital (GWC) days remained stable with inventory days lower by 3 days

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said “AFL’s strong Q1 results reflect an all-round financial performance under tough market conditions. Sharp execution and operational rigour has led to more than 10% revenue growth coupled with 100 bps EBITDA margin improvement delivering significant improvement in bottom-line and efficient working capital management. As demand environment improves, with our investment behind all the growth levers including expansion of retail sq. ft., we remain excited about AFL’s journey ahead”

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Apparels & Accessories company Arvind Fashions announced Q4FY24 results:

  • Revenues grew by 4% to Rs 1,094 crore compared to Rs 1,055 crore in Q4FY23 and 2-year revenue CAGR of 15%. Growth in Q4 was aided by healthy 4% LTL
  • 17% growth in EBITDA to Rs 148 crore compared to Rs 127 crore in Q4FY23. EBITDA margin improved by 150 bps to 13.5%, despite investment in advertising being higher by ~100 bps YoY
  • PAT (from the continuing business) stood at Rs 25 crore, growth of 72% YoY. Reported PAT grew 123% to Rs 24 crore compared to Rs 11 crore in Q4FY23
  • Focus on retail excellence helped debtor days being lower by 2 days coupled with tighter control over inventory resulting in gross working capital (GWC) remaining stable
  • ROCE for FY24 improved to 16% , higher by more than 400 bps YoY
  • Board of Directors of the Company recommended a final dividend of Rs 1.25/- (Rupees One Rupee and Twenty Five Paise only) per equity share of Rs 4/- each, for the financial year ended 31st March, 2024, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting (‘AGM’)

Commenting on the performance of the company, 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”

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Apparels & Accessories company Arvind Fashions announced Q3FY24 results:

  • Revenues grew by 5% to Rs 1,125 crore compared to Rs 1,073 crore in Q3FY23, with a 2-year revenue CAGR of 12%. The growth was primarily driven by the retail and MBO channels.
  • Gross margin expanded by 480 basis points (bps) YoY to 53.3%, attributed to retail LTL growth of 2% with sharper execution in the retail channel and lower discounting.
  • Revenue growth, coupled with gross margin expansion, resulted in an 18% growth in EBITDA to Rs 150 crore compared to Rs 127 crore in Q3FY23.
  • EBITDA margin improved by approximately 150 bps, despite higher investment in advertising, which increased by 130 bps YoY.
  • Profit After Tax (PAT) from the continuing business (excluding exceptional items) stood at Rs 22 crore, reflecting a YoY growth of 83%. Reported PAT grew by over 6 times to Rs 51 crore compared to Rs 8 crore in Q3FY23.
  • Control over inventory and lower debtors led to a reduction in gross working capital by 5 days.

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said, “Strong financial performance in this quarter reflects the focus on profitable growth with 150 bps improvement in EBITDA, a growth of 18% over Q3 last year. The leadership of our key brandsis getting strengthened with our conscious investment in marketing along with product innovation which has yielded differentiated results and market share gain”

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Apparels & accessories company Arvind Fashions announced Q1FY24 results:

  • Revenues grew by 4% to Rs 957 crore compared to Rs 920 crore in Q1FY23 despite a challenging demand environment. Growth was largely led by department stores and retail channels posting 4% LTL along with the addition of 45 EBOs during the quarter.
  • Gross margins expansion of 340 bps YoY to 52.8%, due to healthy full-price sell-thru’s
  • Power brand's EBITDA margin significantly improved to 12.4%, higher by 130 bps vs. Q1FY23
  • Emerging brands registered a strong growth of 15% aiding higher EBITDA margin by 490 bps YoY
  • Adjacent categories continued their growth momentum with footwear and kids wear businesses growing by 30% and 12% respectively
  • 24% growth in EBITDA to Rs 116 crore compared to Rs 94 crore in Q1FY23. EBITDA margins higher by 190 bps through operating leverage and gross margin improvement
  • Continued sharper focus on inventory & debtors resulted in lower gross working capital by 15 days

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said, “Our differentiated offering through exciting brands portfolio continues to show good traction despite soft market scenario. We continue to remain sharply focused on improving profitability through superior retail execution along with cost optimization. We are confident that our decisive focus on scaling up existing brands will help deliver substantial value to all our customers and stakeholders.”

 

 

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Apparels & Accessories company Arvind Fashions announced Q4FY23 results;

  • Revenues grew by 24% to Rs 1,140 crore compared to Rs 917 crore in Q4FY22. This was aided by sharp rigour on retail operations leading to robust retail LTL of 17% and robust growth in other offline channels.
  • Power brands revenues registered growth of 26% leading to strong improvement in its EBITDA margins by 120 bps
  • U.S. Polo Assn. continued its domination in casual lifestyle category with significant momentum in its journey towards 2,000 crore NSV
  • Investment in brand adjacencies yielding strong results; footwear and kids wear businesses grew by 50% and ~25% respectively
  • 47% growth in EBITDA to Rs 138 crore compared to Rs 94 crore in Q4FY22. EBITDA margins improved by 190 bps through lower discounting, higher sell-thru’s, and operating leverage
  • Tighter inventory management resulted in greater than 4x turns, aiding lower gross working capital by 22 days
  • ROCE (Q4 annualized) at ~14%
  • Board of Directors of the Company recommended a dividend of Re 1/- (Rupees One only) per equity share of Rs 4/- each for the financial year ended 31st March, 2023, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting (‘AGM’)

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said, “Our differentiated brand proposition across multiple categories and channels continued to attract robust consumer demand, resulting in Company crossing milestone of 4,000 crore NSV and an improved financial performance across all metrics during FY23. We continue to expand our reach across the country and remain excited about the future potential to capture significant growth opportunities that lie ahead along with sharper focus on improving profitability further and generate higher return on capital employed (ROCE).”

 

 

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Arvind Fashions announced Q3FY23 results:

  • Q3FY23:
    • Recorded best-ever sales in Q3
    • Revenues grew by 17% to Rs 1,179 crore compared to Rs 1,008 crore in Q3FY22. This was aided by industry-leading retail LTL of 12% and over 40% growth in the department stores channel.
    • Power brands revenues registered growth of 18% leading to strong improvement in its EBITDA margins by ~140 bps
    • U.S Polo Assn. continued leadership dominance in casual wear with its NSV crossing 1,500 crores at the end of Jan ’23
    • Brand adjacencies becoming significant growth drivers for the company. Footwear and kids wear businesses registered 45% growth YoY
    • Industry-leading full price sell-through for AW’22 drove gross margin expansion of 160 bps (YoY)
    • EBITDA margin higher by 110 bps, led by improvement in gross margins and operating leverage. EBITDA increased to Rs 136 crores (vs Rs 106 crores in Q3 FY22); growth of 29%
    • Sustained ROCE (annualized) at ~15% in Q3FY23

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO, said, “Our Q3 results reflect further infusion of energy into our business with strong portfolio of brands, delivering healthy results with 17% growth in NSV and nearly 30% growth in EBITDA. With sharp focus on execution and customer experience, business delivered 12% retail like-to-like sales growth and record sell through. Our aim continues to be on improving profitability further and deliver a higher ROCE from our business.”

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