Arvind Ltd Q4 net profit jumps 64 percent at Rs 88 crore
Leading textile manufacturer Arvind Ltd reported 64 percent rise in consolidated net profit at Rs 87 crore ($11.4 crore) for the fourth quarter ended March 2022, as against Rs 53 crore it reported in the year-ago period.
The company’s revenue for the quarter was Rs 2,203 crore, as against Rs 1,654 crore in the corresponding period of the previous fiscal year.
Arvind’s expenses for the quarter stood at Rs 2,081 crore as against Rs 1,566 crore a year ago.
For the fiscal year ended March 2022, consolidated net profit was at Rs 241 crore while its revenue for the year was Rs 8,033 crore.
Commenting on the results, Arvind in its earnings statement said, “Its fabric and garment volumes remained strong across both domestic as well as export markets. The garment volumes in the quarter were at an all-time high and fabric volumes remained healthy.”
''Margins continued to be under pressure as cotton prices continued to soar, and other input costs also remained high. While price increases helped offset the cost increases, margin numbers looked lower compared to previous periods,'' it added.
Arvind Ltd is one of the largest textile companies in India. The company is also the end-to-end supply chain partner to some of the world’s leading fashion brands.
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