ARVIND

** Indian textile stocks down between 1% and 3%

** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade

** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%

** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.

** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Arvind ARVN.NS fall 1.7% to 325 rupees

** On Tuesday, stock was up about 5% on strong quarterly earnings

** Antique, among top 2 analysts on ARVN for rating accuracy, per LSEG data, maintains "buy" rating but cuts TP to 453 rupees from 470 rupees

** Brokerage says tariff uncertainty in the U.S. remains a concern, given market's large share in co's revenue

** It cuts FY26/27 earnings estimates on margin contraction

** ARVN rated "strong buy" by 7 analysts on average; median TP is 451 rupees – data compiled by LSEG

** Stock down 20.6% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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** Indian textile manufacturer Arvind ARVN.NS rises as much as 5.2% to 352.95 rupees after its first-quarter results

** Co reports a 35.4% rise in consolidated net profit y/y and a 9.6% jump in revenue

** Says it saw healthy volume growth in its core fabric and garments business despite shifting sourcing strategies due to U.S. tariffs

** Adds second half of fiscal 2026 likely to see improved performance after first-quarter saw some tariff-related margin pressure due to higher input costs and discounts

** YTD, ARVN shares down 16.7%

(Reporting by Ananta Agarwal in Bengaluru)

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July 17 (Reuters) - Arvind Ltd ARVN.NS:

• BUYS EQUITY SHARES OF ARVIND FASHIONS WORTH 91.5 MILLION RUPEES

Source text: ID:nBSE17MX4w

Further company coverage: ARVN.NS

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May 15 (Reuters) - Indian textile manufacturer Arvind ARVN.NS warned on Thursday that margins in the current fiscal year may come under pressure as it might partly absorb the impact of U.S. tariff policy.

Its shares fell nearly 5% after the comments, despite a 52% year-on-year increase in its fourth-quarter profit after tax to 1.51 billion rupees ($17.64 million).

Arvind, which refrained from providing a forecast for the fiscal year that began in April due to "prevailing uncertainty", said it will pause all non-critical and discretionary capital expenditure until there is clarity on tariffs.

The firm will take measures to reduce costs and increase volumes to mitigate the margin pressure and plans to issue a forecast "at a later stage" in the fiscal year.

Top U.S. retailers have been haggling with suppliers over how the costs that tariffs are set to impose might be distributed, Reuters has reported.

India still remains in a comparatively favorable position due to the heftier tariffs that could hit bigger U.S. garment suppliers such as Bangladesh, Vietnam and China, from July.

"As an immediate fallout, we are witnessing higher demand for garments and fabrics, with positive signals from key U.S. customers indicating increased business," Arvind said.

Exports made up nearly 40% of the company's annual revenue in fiscal year 2024, according to its annual report.

Part of the volume benefit could come after the UK-India free trade agreement, Arvind said. UK currently makes up less than 2% of the company's business.

"The latest UK free trade pact... opens up a new key geography for the company," it said.

($1 = 85.5800 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of India's textile makers rise after Britain and India sign major trade agreement

** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles

** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively

** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said

** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run

** ICNT jumps 6.5% and WLSP gains 7.3%

** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market

(Reporting by Vijay Malkar)

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** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%

** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%

** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)

** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"

** "For India, the advantage is a potential bilateral trade agreement with the U.S."

** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)

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Jan 28 (Reuters) - Indian clothing retailer Arvind Ltd ARVN.NS reported a 13% rise in its third-quarter profit on Tuesday, boosted by strong demand for textiles during the festive season.

The company, which retails international brands including Tommy Hilfiger, Arrow, and Calvin Klein, posted a consolidated net profit of 1.03 billion rupees ($11.90 million) in the quarter ended Dec. 31, up from 917 million rupees a year earlier.

The festive season, running from September to January, traditionally contributes significantly to retailers' annual sales as consumer spending surges during the period.

Textile manufacturers capitalized on the steady demand by offering discounts to attract buyers, despite the headwinds from persistent inflation.

Arvind reported a near 11% growth in revenue from operations, driven by an 11% increase in revenue from its core textile segment, which accounts for 74% of its total sales.

The textile segment saw strong volume growth during the quarter, aided by new customer acquisitions, while margins remained stable across segments, Arvind said in its investor presentation.

Total expenses grew 10% during the reported quarter as prices of cotton, its key raw material, remained elevated.

The advanced materials segment, through which Arvind makes fabrics and protective gear for construction work, grew 9%.

($1 = 86.5300 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Rashmi Aich)

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Dec 19 (Reuters) - Arvind Ltd ARVN.NS:

• INVESTS 249.9 MILLION RUPEES IN SUBSIDIARY ARVIND ADVANCED MATERIALS

Source text: ID:nNSE3tqNXn

Further company coverage: ARVN.NS

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Oct 28 (Reuters) - Indian clothing retailer Arvind ARVN.NS posted a 19% rise in second-quarter pre-tax profit on Monday, aided by strong textiles demand as customers splurged on clothes ahead of the festive season, sending its shares 5% higher.

The company, which sells international brands such as Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated profit before tax rose to 1.35 billion rupees ($16.1 million), from 1.14 billion rupees a year earlier.

Demand for textiles remained strong during the festive season, as wealthy domestic consumers spent more, analysts noted.

The company said volume growth in its mainstay textile segment was mainly due to new customer acquisition and better demand.

Arvind posted a near 14% rise in revenue from operations, while revenue from its core textile segment, which accounts for nearly 74% of total sales, grew 12%.

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9%.

Textile division has a buoyant order book, and is expected to do well in the second half of the financial year, Arvind said in its investor presentation, adding that AMD is expected to do well and touch a volume growth of 20%.

Its total expenses rose 13% to 20.66 billion rupees, which led earnings before interest, tax, depreciation and amortization (EBITDA) margin to contract to 10.1% from 10.7% a year ago.

The company reported an increase in deferred tax provision worth 293.5 million rupees during the quarter.

Last week, rival Shoppers Stop SHOP.NS reported a loss for a second straight quarter, as high inflation led customers to cut back on discretionary spending.

($1 = 84.0725 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Rashmi Aich)

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Sept 9 (Reuters) - Arvind Ltd ARVN.NS:

• ARVIND - MADE FURTHER INVESTMENT OF 480 MILLION RUPEES IN UNIT ARVIND TECHNICAL PRODUCTS

Source text for Eikon: ID:nBSE9YVtT3

Further company coverage: ARVN.NS

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** Shares of Indian textile companies and garment makers surge between 3-11%

** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%

** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%

** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers

** Bangladesh was the third-largest clothing exporter in the world last year

** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix

** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

July 29 (Reuters) - Arvind Ltd ARVN.NS:

• JUNE-QUARTER CONSOL NET PROFIT 393.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 18.31 BILLION RUPEES

Further company coverage: ARVN.NS

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** Shares of textile co Arvind ARVN.NS rise as much as 3.6% to 388.74 rupees

** Co says workers at one of its plants have called off a strike after Labour Court declared it illegal

** Adds, operations are getting back to normal

** Analysts' avg rating on the stock is "strong buy", median PT is 445.50 rupees

** Including session's gains, stock is up ~45% so far this year

(Reporting by Yagnoseni Das in Bengaluru)

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June 12 (Reuters) - Arvind Ltd ARVN.NS:

• UPDATE ON ILLEGAL STRIKE AT SANTEJ PLANT OF COMPANY

• STRIKE WAS DECLARED ILLEGAL BY LABOUR COURT VIDE AN ORDER DATED JUNE 6, 2024

• STRIKE HAS BEEN CALLED OFF BY WORKERS

• OPERATIONS OF CO AT SANTEJ PLANT WHICH WERE PARTIALLY IMPACTED DUE TO STRIKE ARE GETTING TO NORMALCY

• CO HAS ESTIMATED POTENTIAL LOSS OF REVENUE OF AROUND 1.8-2 BILLION RUPEES AND REDUCTION IN EBIDTA OF ABOUT 600-650 MILLION RUPEES

Source text for Eikon: ID:nBSE90T8hX

Further company coverage: ARVN.NS

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May 22 (Reuters) - Arvind Ltd ARVN.NS:

• ARVIND LTD - OPERATIONS OF PLANT SITUATED IN GUJARAT PARTIALLY AFFECTED IN VIEW OF STRIKE BY WORKERS DEMANDING HIGHER WAGES ETC

Source text for Eikon: ID:nBSE2NJGqk

Further company coverage: ARVN.NS

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** Shares of clothing retailer Arvind ARVN.NS rise 10% to a record high of 366.5 rupees

** Co reported a rise in Q4 consol net profit on stable textile demand, rev from ops grew 10%

** Brokerage Nuvama ups PT on stock by 7% to 375 rupees, retains "Buy" rating

** We bake in 18% compound annual growth rate for overall sales over next two years on strong demand outlook - Nuvama

** Antique Stock Broking ups PT to 455 rupees from 358 earlier, maintains "Buy"

** Sees growth in co's advanced materials and garments segments as demand is showing signs of recovery

** At least three brokerages hiked PTs post results, analysts' avg rating is "Buy", median PT is 435 rupees

** Including session's gains, stock is up 32% so far this year

(Reporting by Manvi Pant in Bengaluru)

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BENGALURU, May 6 (Reuters) - Indian clothing retailer Arvind Ltd ARVN.NS posted a 2.1% rise in fourth-quarter profit as demand for its textiles remained steady.

The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit rose to 990.3 million rupees ($11.9 million) from 970 million rupees a year earlier.

Indian retailers are overcoming sluggish demand and restrained consumer spending by rapidly offering products at discounts to sway consumers.

However, they continue to see slower volume growth amid increasing competition.

Arvind posted a 10.3% rise in revenue from operations, while revenue from its core textile segment, which accounts for nearly 72% of total sales, grew 5%.

The company said it saw a recovery in denim sales during the quarter, while garments and woven products sales grew.

The advanced materials segment, through which Arvind makes fabrics and protective gear for construction work, grew about 21%.

"With inventory correction behind and fresh order booking and onboarding of new customers, demand outlook is positive for the financial year 2025," the company said in its investor presentation.

The retailer added that it plans to raise its capital expenditure to 4-4.50 billion rupees for new projects.

Additionally, it approved a dividend of 4.75 rupees per share, including a one-time special dividend.

Rival Shoppers Stop SHOP.NS reported a 53% rise in fourth-quarter profit, helped by demand in its beauty segment as well as luxury products.

Tata Group-owned Trent TREN.NS posted a five-fold jump in quarterly profit as it opened more of its lower-priced Zudio brand of stores.

($1 = 83.4675 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)

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BENGALURU, Jan 30 (Reuters) - Indian retailer Arvind Ltd ARVN.NS posted on Tuesday a revenue drop for the fifth consecutive quarter, dampened by lacklustre prices of woven products and lower demand for denim.

The Bengaluru-based company, which has a portfolio of owned and licenced international brands such as Tommy Hilfiger and Calvin Klein, said its consolidated revenue from operations fell 4.6% to 18.8 billion rupees during the December quarter.

Revenue from the company's textile segment, which accounts for nearly 75% of total sales, dropped 8%.

A slump in prices of cotton, a key raw material, prompted the retailer to reduce product rates from year-ago levels.

There was also a seasonal downtrend in volumes, the company said, attributing to weak demand in the denim category.

Arvind sells denim products of brands such as U.S. Polo Association, Arrow and Flying Machine.

Retailers, grappling with subdued demand throughout the fiscal year as inflation-weary consumers cut back on spending, have faced challenges in maintaining steady financial performances. Arvind has seen its revenue fall between 11% and 21% in the last four quarters.

The company's total expenses fell 6.4% during the reported quarter, which aided it to accrue a 9% rise in its consolidated net profit.

The company forecast better volume growth across segments and healthy margins in the March quarter.

The advanced materials segment, through which Arvind makes fabrics and protective gears for construction works, is expected to face an impact on its exports from the restricted Red Sea freight movement.

Shares, which hit a record high earlier in the day, reversed course to trade as much as 2.6% lower.

Rival Shoppers Stop SHOP.NS reported a third consecutive fall in quarterly profit earlier this month, as consumers spent less on clothes and cosmetics. Tata Group-owned Trent TREN.NS is due to report results next week.

($1 = 83.1225 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sherry Jacob-Phillips)

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** Branded retailer Arvind Fashions ARVF.NS deserves higher valuation, given portfolio of marquee brands, lean balance sheet, and ample room for margin expansion- Nuvama

** Brokerage calls stock a "long-term" recommendation

** Initiates with "buy" and street high TP 660 rupees

** TP represents 39% premium to current price; Median TP at 544 rupees; Stock up 0.8% at 475 rupees on Thursday

** Nuvama sees revenue/EBITDA CAGR of 12%/22% (ex-Sephora) over FY23–26 and EBITDA/PAT CAGR of 22%/91%

** Says U.S. Polo Assn, Tommy Hilfiger, Calvin Klein generating healthy operating cash flows

** ARVF gained 19% in 2023 and is already up 16% so far this month

** ARVF is rated "strong buy" along with peer Go Fashion GOFA.NS - LSEG data

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Arvind ARVN.NS rise as much as 9.69% to a record high of 252.90 rupees apiece

** Brokerage Avendus Spark initiates coverage of the textiles maker with a "buy" and a target price of 352 rupees, an implied upside of 52.4%

** Cash flow allocation, operational structure have improved since ARVN underwent transformations in textile businesses in 2018 - Spark

** Estimates revenue compound average growth rate (CAGR) of 13% from fiscal 2024 to 2026 led by advanced materials and garments segments

** Sees diversion of cash flow from core textile business to margin-lucrative advanced materials business as a potential driver of improved capital efficiency

** Including session's gains, ARVN shares up 175% in 2023 so far - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Brokerage Antique Stock Broking starts coverage of India's Arvind Fashions ARVF.NS with a "buy" rating and TP of 565 rupees

** Says co, which retails brands like Arrow and Calvin Klein (CK), has "very strong portfolio" of brands in fast-growing casual wear category

** Focus over the next 2-3 years on scaling up existing brands and not new additions, ARVF well placed to revive Arrow, CK, Tommy Hilfiger and Flying Machine brands - note

** Adds optimism on the back of strong casual apparel market, CK's potential to turn into a power brand, corrective actions for improving supply chain and working capital

** Mean recommendation of 5 analysts is equivalent to "strong buy"; median TP is 505 rupees - LSEG data

** Stock last up 1.4%, taking YTD gains to over 26%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

BENGALURU, Nov 7 (Reuters) - India's Arvind Fashions ARVF.NS reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins.

The Bengaluru-based company's consolidated net profit rose to 216.6 million rupees ($2.60 million) for the quarter ended Sept. 30 from 182.2 million rupees a year earlier, sending its shares up as much as 8%.

While consumer demand continued to remain soft, Arvind Fashions' strong performance in the multi-brand outlet channel and tighter control over inventories resulted in higher profit, the company said.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved by about 50 basis points from a year ago, it added.

Fashion retailers have seen a shift in demand due to a delayed festive season, which for 2023, began late October.

Usually, the festive season aids companies clock higher annual sales as customers spend on clothes, accessories and footwear.

Arvind Fashions, which has a portfolio of owned and licenced international brands such as Arrow and Calvin Klein, said its consolidated revenue from operations rose 7% to 12.67 billion rupees in the September quarter.

Revenue from so-called power brands like US Polo and Tommy Hilfiger, which accounts for more than 80% of the total, rose 5%.

The company's emerging brands segment clocked a 19% jump in revenue while the footwear segment posted revenue growth of about 20%.

Last week, Arvind Fashions exited its Sephora India business as the company sold its beauty brands division to billionaire Mukesh Ambani's retail unit Reliance Retail.

Rival Shoppers Stop SHOP.NS last month reported a drop in the second-quarter profit.

Tata Group-owned Trent TREN.NS, that operates retail chain Westside, reported a near three-fold surge in profit on Tuesday.

($1 = 83.2600 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru; Editing by Mrigank Dhaniwala)

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** Arvind Fashions ARVF.NS jumps 11.5% in heavy volume on deal to sell its beauty brands

** Stock posts its biggest intraday pct climb since Sept 27

** Apparel retailer to sell its beauty brands division to Reliance Retail for about $26 mln

** ARVF was already up 2.4% before the news

** Reliance Industries RELI.NS has barely budged from its 0.3% gain before the news

** ARVF last up 7.3%, which flips stock to YTD gains of ~1%

** Stock set for its busiest trading day since Dec 2022

($1 = 83.2500 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

BENGALURU, Oct 31 (Reuters) - Indian textiles and leather goods maker Arvind ARVN.NS on Tuesday reported a 36% fall in second-quarter profit, hurt by slow demand pickup in fabrics amidst inflationary pressure.

The company's consolidated net profit fell to 800.1 million rupees ($9.6 million) for the quarter ended Sept. 30 from 1.25 billion rupees a year ago.

Textile companies have hit a rough patch due to low cotton arrivals, higher import duty and energy costs, and an inventory pile-up, analysts said.

Also, demand in the U.S. and European markets has yet to rebound.

Revenue at Arvind, which houses brands like Calvin Klein and Tommy Hilfiger, fell 11.4%, although expenses also declined 12% helped by lower raw material costs.

The company said revenues fell primarily on account of price deflation acting in tandem with lower input costs.

Arvind's profit in its core textiles division fell 17.3%, while that in its smaller segment, advanced materials, rose 13%.

The company saw low price realisations in its woven segment due to sluggish demand.

During the quarter, key export markets saw muted demand as customers continued to be cautious.

However, the company expects volume to pick up in the second half of the financial year that ends March 31.

Shares of Arvind rose 7.3% to 191.2 rupees after the results.

($1 = 83.2575 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Mrigank Dhaniwala)

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Oct 17 (Reuters) - Arvind Ltd ARVN.NS:

• NIGAM SHAH APPOINTED AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE7VJcYJ

Further company coverage: ARVN.NS

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** Shares of Arvind Fashions Ltd ARVF.NS fall as much as 6.9% to 312.2 rupees, biggest intraday pct. loss since Dec. 23

** Apparel retailer's June-qtr consolidated net loss widensto 164.3 mln rupees vs 5.1 mln rupees a year earlier, revenue from operations rises 4%

** Trading volume at ~594,100 shares as of 1:30 p.m. IST, 3.3x the 30-day avg

** Stock down nearly 9% so far this year

(Reporting by Biplob Kumar Das in Bengaluru)

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July 27 (Reuters) - Indian cloth manufacturer Arvind ARVN.NS reported a 33% slide in quarterly profit on Thursday, hurt by falling revenue in its key denim segment, even as expenses reduced.

The company, which houses brands such as Calvin Klein, Ed Hardy and Tommy Hilfiger, said its consolidated net profit fell to 658.7 million rupees ($8.04 million) for the quarter ended June 30 from 984.2 million rupees a year earlier.

The global textiles demand outlook for the current year remained soft, analysts had said.

Indian home textile and apparel exporters expect demand to remain muted in the first half of the financial year 2024 on account of excess inventory liquidation, JM Financial analysts had said in June.

The Ahmedabad-based company's consolidated revenue from operations dropped 21% to 18.53 billion rupees.

Total expenses were down 20.6% in the quarter, with the cost of materials consumed falling 30.2% to 8.44 billion rupees.

Arvind's profit in its mainstay textiles division dropped 28%, while that in its advanced materials segment - which includes composites, industrials and human safety materials -increased 22%.

The textile segment's denim revenue shrunk 39% as price realisations remained low, while that from the woven segment fell 16% as demand remained sluggish.

Arvind said demand across its key US, Europe and domestic markets remained soft and muted. It hoped the festival season in the early third quarter to bring improvement in the domestic market.

It expected denim and garment volumes to further rise, but woven volumes to remain steady in the near future.

Arvind had said in May that despite uncertainties in the near term, it expected improvements in the second half of the financial year.

The company said it is on track with its capex guidance of 6 billion rupees to augment capacities and work on sustainability initiatives.

The company is also in line with the plans of reducing long-term debt and reduced it by 19%, having closed the quarter at a net debt of 13 billion rupees.

Shares of the company fell 7.6% after the results.

($1 = 81.9400 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sohini Goswami)

(([email protected];))

** Shares of Arvind Fashions Ltd ARVF.NS jump up as much as 4.95% to 279 rupees, in highest intraday rise since March 16

** Co posts consolidated net profit of 109.2 mln rupees ($1.32 mln) vs 7.8 mln rupees yr ago; revenue up 24%

** Nearly 700,000 shares change hands by 2:30 PM IST, highest since Dec. 23, 2022

** Including session's moves, stock down ~21% so far this year

($1 = 82.7346 rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

May 18 (Reuters) - Arvind Ltd ARVN.NS:

• INDIA'S ARVIND MARCH-QUARTER CONSOL NET PROFIT 970 MILLION RUPEES VERSUS 828.9 MILLION RUPEES

• ARVIND MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 18.81 BILLION RUPEES VERSUS 21.97 BILLION RUPEES

• FINAL DIVIDEND 3.75 RUPEES PER SHARE

• ONE-TIME SPECIAL DIVIDEND 2 RUPEES PER SHARE

• APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES UPTO 2 BLN RUPEES VIA PRIVATE PLACEMENT BASIS

Source text for Eikon: [ID:]

Further company coverage: ARVN.NS

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