Textile stocks like Arvind are in focus after Reserve Bank of India (RBI) discontinued issuance of Letters of Undertaking (LoU) and Letters of Comfort for trade credit. As well, Arvind SmartSpaces, the realty arm of fashion and apparel firm Arvind, is looking to cross the Rs 1,000-crore revenue mark in the next four years. In an interview with CNBC-TV18, Kulin Lalbhai, Executive Director of Arvind spoke about the latest happenings in his company and sector.
Despite a tough market scenario Arvind Lifestyle Brands which houses brands like Gap, Sephora and US Polo Association expects to hit revenues of Rs 5,000 crore by 2020.
We have already announced the demerger, it has been approved by the board. It would take 7-8 months for the three businesses to list, Kulin Lalbhai, Executive Director of Arvind said.
Demerger helps the specific companies to align their own objectives and also help them raise resources independently, said Sanjay Lalbhai, CMD, Arvind.
ICRA report says that the apparel and fabric industry's profitability is under pressure amid several headwinds. In an interview to CNBC-TV18, Kulin Lalbhai, Executive Director of Arvind spoke about the latest happenings in his company and sector as well as gives a check of the ground realities.
In an interview with CNBC-TV18's Priya Sheth, J Suresh, CEO and MD of Arvind Brands discussed the plans going forward.
Confident about brand & retail (B&R) business; December sales have surprised us, says Sanjay Lalbhai, CMD of Arvind.
Renuka Ramnath of Multiples Equity said that the deal with Arvind is a very interesting mix of brick to luxury and the company has a unique combination of owned, licensed and specialty brands.
All the retail formats (Aeropostale, Sephora, GAP etc) are going as per plans. At the store level, profitability is good, like-to-like growth is healthy too, said Sanjay Lalbhai, CMD, Arvind.
A fire has broken out at a voiles unit of Arvind Ltd, Chairman and Managing Director Sanjay Lalbhai told CNBC-TV18.
The company has added eight stores for brands like GAP and Sephora and one for Aerospatale in the current year, which will become profitable in next financial year.
Arvind Textiles has tied up with cosmetics and beauty retailer Sephora to run their operations in India.
More and more companies are feeling the need to have a significant online presence. Case in point are Arvind Limited and Archies. Experts discuss what is luring businesses to this platform.
See no margin impact on arvind from this new venture in the first year, executive director Kulin S Lalbhai said.
Garment manufacturer Arvind has revised its FY14 revenue guidance from 20 percent to 24 percent. The company is expecting the H1FY14 sales growth at 29.3 percent.
Speaking to CNBC-TV18, Sanjay Lalbhai, chairman and managing director, Arvind, says the challenging situations in Bangladesh in the form of labour unrest, wage increases, compliance, etc too poses a great oppturtunity to Indian textile companies.
Sanjay S Lalbhai, CMD, Arvind said that duty drawback seems adequate, but it needs some improvement in order to replace the DEPB scheme. "In businesses like denim, the DEPB rates were better as compared to duty drawback's prices. Following may the latter may lead to revenue losses," he adds.
Kamal Singhal, CEO (Real Estate Division) from Arvind, in an interview with CNBC-TV18’s Reema Tendulkar and Gautam Broker, spoke about the JV between the companies and how does the company sees itself progressing going forward.
Sanjay Lalbhai, CMD, Arvind, in an interview with CNBC-TV18, spoke about the turnover target from Megamart operations, their funding plans, guidance, price hike and the road ahead.