Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

India: Arvind Q2 net sales up

For the second quarter Arvind’s net sales were Rs 1815.98 crores as compared to Rs 1609.10 crores during the period ended September 30, 2017. Net profit was Rs 75.08 crores as against Rs 64.51 crores for the period ended September 30, 2017. EPS was Rs 2.80 as compared to Rs 2.40 for the period ended September 30, 2017.

For the six month period net sales were Rs 3640.02 crores as compared to Rs 3300.01 crores during the six month period ended September 30, 2017. Net profit was Rs 139.39 crores as against Rs 121.26 crores for the six month period ended September 30, 2017. EPS was Rs 5.37 as compared to Rs 4.69 for the six month period ended September 30, 2017.

Arvind wants to double the revenue from its textile business over the next four or five years. The company is also looking at developing garment clusters in Jharkhand, Andhra Pradesh and Gujarat. Each of these clusters will employ 4000 to 8000 workers. These clusters will be like a global supply chain. Arvind already has a cluster operational in Ethiopia in Africa, which the company uses to reach out to American and European markets. Arvind is also planning to foray into performance and functional clothing (active wear) and synthetics.

 

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo