Arvind, one of India’s largest integrated textile manufacture has, posted a 14 per cent increase in its net profit to Rs 110 crores in the quarter ending March 2016 as against Rs 97 crores in the same quarter a year ago. The brand’s business continued to remain strong with 30 per cent CAGR in Q4.
Arvind ended the fiscal 2015-16 with revenues of Rs 8,431.45 crores up 7.89 per cent and net profits of Rs 362.70 crores, up 6.33 per cent. Operating profits of the company were up 13.13 per cent at Rs 230.28 crore for the quarter ending March 2016 against Rs 203.55 crore the previous year. The operating profit margins for the quarter were recorded at 9.97 per cent, down 0.05 per cent against 9.97 per cent a year ago. Operating profits for the year were at Rs 809.20 crores, up 1.08 per cent. Consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) is up by 14 per cent at Rs 297 crores, compared to Rs 260 crores in the corresponding quarter of the previous year.
The company will soon be launching NNNow.com, a shopping platform for Indian customers which will link the offline and online retail shopping experience.