January 27, 2017 / 16:46 IST
Arvind’s consolidated revenues in Q3FY17 grew 14.8% YoY (flattish QoQ) to Rs 2335.5 crore (I-direct estimate: Rs 2326.3 crore). Growth was fuelled by 24% YoY growth in its brand & retail segment, which was at Rs 764.5 crore. Additionally, standalone textile business contributed to growth with revenues of Rs 1402.2 crore (up 7.9% YoY).
Outlook
Arvind possesses key ingredients that enable it to capture the high growth trajectory in the burgeoning Indian apparel retail segment. Brands of ALBL are uniquely positioned as the apt mix across the apparel value/gender chain. In addition to the enhanced retail footprint, positive EBITDA for the current year indicates operating leverage playing in favour of the company. We believe that as revenues from these brands scale up, RoCEs would drastically improve. With visibility on profitable earnings, Arvind continues to stay our preferred pick in the textile sector.
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