Arvind Fashions Limited is an Indian company engaged in the business of marketing branded apparel under various national and international brands. The company primarily operates in apparel, beauty products, and footwear space. Some top brands under Arvind Fashions Limited include US Polo Assn, Flying Machine, Arrow, Calvin Klein, Tommy Hilfiger, Unlimited, and Sephora. The company was incorporated on 5 January 2016, and its market capitalisation, as of 11 October 2022, is Rs 4,365 crore. The company has its headquarters in Ahmedabad, Gujarat, and warehouses in Bengaluru, New Delhi, Mumbai, and Kolkata.
The company is listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) under the codes ARVINDFASN and 542484, respectively.
Arvind Fashions Limited has good expertise in scaling up brands through the multi-channel distribution of their products. The company aspires to become India’s leading lifestyle company in the post-pandemic era. In 2020, it floated two rights for the issue of equity shares to raise working capital. It also expanded its business domain from retail distribution to online services. The company has two wholly-owned subsidiaries—Arvind Lifestyle Brands Ltd. and Arvind Beauty Brands Pvt. Ltd.
In June 2022, retail investors and other domestic investors had a stake of 44.67% in the company, promoters had a stake of 36.88%, a 10.82% stake was invested in mutual funds, and a 7.63% stake belonged to the Foreign Institutional Investors (FIIs). The top four mutual funds in which the company has invested are ICICI Prudential Small Cap Fund Direct Growth, ICICI Prudential Mid-cap Fund Direct Growth, ICICI Prudential Long-term Equity Fund, and Franklin India Flexi-cap Fund Direct Growth.
The management team of the company includes Mr Shailesh Chaturvedi (Managing Director and CEO), Mr Kulin Lalbhai (Director), Mr Amitabh Suri (CEO of US Polo), Mr Punit Lalbhai (Non-Executive Director), Mrs Nithya Easwaran (Non-Executive Director), Mr Nilesh Shah (Independent Director), and Mr Vallabh Bhanshali (Independent Director), among others.
On 12 October 2022, Arvind Fashions Limited's share price closed at Rs 312.80 at the NSE and Rs 312.10 at the BSE. This share has given a 6-month return of 9.26%, and its 52-week high and 52-week low prices are Rs 352.00 and Rs 217.90, respectively. As of 12 October 2022, the PB ratio of this company stood at 5.806.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: firstname.lastname@example.org. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose