Arvind Fashions share price falls 3% post Q1 earnings

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26 Aug, 2025 12:21

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Arvind Fashions share price fell 2.62 percent to close at Rs 165.35 on July 10. The company had a day earlier reported a consolidated net loss for the quarter ended March 2020.

Arvind Fashions reported a consolidated net loss of Rs 208.12 crore for the quarter ended March 2020, impacted by COVID-19 outbreak and subsequent disruptions in the market.

The company reported a net profit of Rs 21.30 crore in January-March quarter a year ago, AFL said in a regulatory filing to the BSE.

Revenue from operations fell 39.22 percent to Rs 710.46 crore during the quarter under review as against Rs 1,168.96 crore in the corresponding quarter a year ago.

Besides, the company said Flipkart Group has invested Rs 260 crore to pick a minority stake in its subsidiary Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions recently-formed subsidiary, which will own the Flying Machine brand.

The transaction is subject to customary conditions precedent. Metta Capital Advisors acted as the financial advisors to AFL for this transaction.