This is the verbatim transcript of Arvind Limited management call with analysts.
"There is a promising future for apparel and denim is the biggest driver of fashion trends in India. While the Indian economy is growing at about 7 per cent, denim is growing at 12 per cent to 14 per cent," Chief Executive Officer of the Denims, Arvind Limited, Amir Akhtar said.
Sharekhan is bullish on Arvind Limited has recommended buy rating on the stock with a target price of Rs 500 in its research report dated May 09, 2018.
Arvind Brands Ltd sold 2,50,000 shares of Atul at Rs 1,894.88 and Arvind Limited sold 4,50,000 shares at Rs 1,925.
Arvind expects to double its revenues by 2020 to become a USD 1 billion (around Rs 6,700 crore) company.
Discount-based models deployed by several etailers aren't sustainable in the medium term. Over time business models will strive to compete on consumer experience rather than discounts, says Kulin S Lalbhai, Executive Director of Arvind Limited.