Arvind Fashions posts Q4 net profit of Rs 11 crore
Arvind Fashions Limited (AFL) witnessed a 27 percent rise in net profit for the fourth quarter at Rs 29 crore ($3.5 million), as against Rs 22 crore in the same period last year.
The company’s revenue for the quarter rose by 24 percent to Rs 1,140 crore, as against Rs 917 crore in the corresponding period of the previous fiscal year.
Commenting on the results, Shailesh Chaturvedi, managing director CEO of AFL in a statement said, “Our differentiated brand proposition across multiple categories and channels continued to attract robust consumer demand, resulting in company crossing milestone of Rs 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,” he added.
AFL is one of India’s leading players in the fashion segment with a portfolio of owned and licenced international brands including U.S. Polo Association, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger, and beauty brand Sephora.
Copyright © 2023 FashionNetwork.com All rights reserved.