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Last Updated : Jan 24, 2017 05:05 PM IST | Source: CNBC-TV18

Arvind Q3 profit seen down 20%, brand & retail biz may grow 10%

Textile company Arvind's profit on consolidated basis is expected to fall 20 percent year-on-year to Rs 84 crore as its brand and retail business is likely to be hit by demonetisation.


Textile company Arvind's profit on consolidated basis is expected to fall 20 percent year-on-year to Rs 84 crore as its brand and retail business is likely to be hit by demonetisation.


Revenue may grow 8 percent year-on-year to Rs 2,334 crore and brand & retail business growth may be around 9-10 percent, according to average of estimates of analysts polled by CNBC-TV18.


The company has guided 20 percent growth in brand & retail for FY17.

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EBIDTA (earnings before interest, tax, depreciation and amortisation) is seen falling 14 percent to Rs 242 crore and margin may contract 300 basis points to 10 percent compared with year-ago period, impacted by higher cotton prices.


Analysts expect textile business to grow at 5-6 percent for the quarter.


Textile business (denim & fabric) contributed 60 percent to total revenue and the rest is by brands & retail business.

Power brands like US Polo, Arrow, Flying Machine and Tommy contribute 60 percent to brands & retail revenue.

First Published on Jan 24, 2017 03:30 pm
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