ARVIND

** Indian textile stocks fall as much as 6%

** The government has halved benefits under the RoDTEP scheme for exporters in textiles and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect

** Alok Industries ALOK.NS loses 1.83%, Trident TRIE.NS down 2.26%, Gokaldas Exports GOKL.NS drops 4.5% and Arvind Ltd ARVN.NS slips about 6%

** Amid weak global demand and U.S. tariffs, the move raises competitiveness concerns, brokerage ICICI Securities says

** Adds these uncertainties will weigh on textile stocks in the near term

** Exporters might have to take the burden of 1%-2% cost increase on profitability - ICICI Securities

** YTD, ALOK down ~10%, TRIE sheds ~3%, GOKL loses 4% and ARVN up ~12%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian textile stocks rise as much as 7%

** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%

** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement

** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%

(Reporting by Komal Salecha in Bengaluru)

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** Indian textile stocks fall between 2.8% and 7%

** Stocks fall after Bangladesh, U.S. sign trade deal that exempts some textile and apparel exports from tariffs if they use American cotton or man-made fibres

** Garment producer Gokaldas Exports GOKL.NS down 7%

** Home textiles producer Welspun Living WLSP.NS down 6%, Arvind ARVN.NS falls 5.2%, while Vardhman textiles VART.NS drops 4.7%

** Trident TRIE.NS, Indo Count Industries ICNT.NS down about 3% each; KPR Mill KPRM.NS sheds 2.8%

** "Investors appear to be reacting to some of the tariff exemptions given to Bangladesh. However, details remain scant and we may not see a material impact for India's large textile players," says Prerna Jhunjhunwala, VP - Lead - Textiles and Retail Sector at Elara Capital

** As of Monday, textile stocks rose between 10% and 45% from February 2, when India-U.S. trade deal was announced

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian textile stocks rise between 0.5% to 3.6%

** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%

** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement

** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of Indian textile stocks jump between 8.5% and 20%

** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers

** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%

** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each

** Trident TRIE.NS, Arvind ARVN.NS surge 13% each

(Reporting by Kashish Tandon in Bengaluru)

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Jan 30 (Reuters) - Arvind Ltd ARVN.NS:

• DEC-QUARTER CONSOL NET PROFIT 975.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 23.73 BILLION RUPEES

Source text: ID:nBSE83GKT1

Further company coverage: ARVN.NS

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Updates

** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them

** India-EU trade deal to cut tariffs on textiles to zero

** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 3.7%, 2.7% and 7.1%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 1.1%-2%

** Gokaldas Exports GOKL.NS down 3.7%

** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital

** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says

** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports

** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage

** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028

(Reporting by Vivek Kumar M and Nandan Mandayam)

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** Shares of Indian textile firms fall between 2% and 5%

** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%

** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%

** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively

** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO

** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say

** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors

** In 2025, GOKL shed the most among the pack, down ~35%

(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)

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** Indian textile firms gain between 2% and 9%

** India and US are nearing a trade agreement to reduce tariffs on Indian imports, India's Mint reports

** India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comment

** Gokaldas Exports GOKL.NS leads gains among pack with 9.3% jump, trailed by Vardhman Textiles' VART.NS 7.8% climb

** Welspun Living WLSP.NS, KPR Mill KPRM.NS and Indo Count's ICNT.NS up ~5% each

** Arvind ARVN.NS, Trident TRIE.NS up ~4%,

** YTD, GOKL leads losses among pack with 23.1% drop

(Reporting by Kashish Tandon in Bengaluru)

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By Aditya Kalra

NEW DELHI, Sept 4 (Reuters) - India's overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global fashion brands such as Zara, Levi Strauss LEVI.N and Lacoste have been spooked by higher levies on all apparel priced at more than $29.

The premium wear segment accounts for about 18% of an apparel industry worth $70 billion, says Datum Intelligence, spurred by a growing number of nouveau riche and brand-conscious youngsters in India.

The biggest tax reform in eight years by Prime Minister Narendra Modi's government cuts levies to 5% on garments costing less than 2,500 rupees ($29), but items priced above that figure now face a higher levy of 18%.

That will pile pressure on the likes of PVH Corp PVH.N, Marks and Spencer MKS.L, Gap Inc GPS.N, Under Armour UAA.N, Nike NKE.N, H&M HMb.ST and Japan's Uniqlo 9983.T.

Fashion companies worry about the impact of higher taxes on sales, since aspirational young people consider such purchases as a lifestyle upgrade, but remain sensitive to price, said two Indian garment executives dealing in foreign brands.

"Retail works on wafer-thin margins, and overheads like rents are extremely high," said the chief executive of a foreign garment brand operating in India, who sought anonymity for fear of government reprisal. "Growth that we were expecting earlier won't come now."

The official added, "This is not a luxury. The 2,500-rupee price point is basic now."

The higher taxes are also a double whammy for domestic garment makers whose thriving U.S. exports business is also reeling from President Donald Trump's tariffs of 50%.

India's reform has not only drastically cut consumption levies on daily essentials and consumer electronics, but dealt a surprise win on Wednesday for pricey SUVs, reducing their tax rate to a flat 40%, versus up to 50% earlier.

Carmaker Mercedes-Benz has been reporting record sales in recent months, as consumption surges.

The higher rate on apparel could spell the "death knell for the industry", the Clothing Manufacturers Association of India has said, as items costing more than 2,500 rupees are "consumed in large numbers by the common man and middle class".

Most of the 875 new arrivals listed on Superdry India's website, for example, are subject to the new 18% tax, with many jackets on offer priced upwards of $170 and shirts at $60.

On the Lacoste India website, men's T-shirts can cost as much as $99, with not one priced below $29, the new threshold for the higher tax, set to take effect on September 22.

TARIFF TO WEDDINGS

In press statements, the Association has flagged worries about the impact of the higher tax adding to the fallout from Trump's tariff salvo.

India's Arvind Fashions ARVF.NS for example, holds domestic franchisee rights for Tommy Hilfiger and Calvin Klein retail, but its affiliate, Arvind Ltd ARVN.NS, makes foreign brands for export to destinations including the United States, which has a share of roughly 30%.

The Arvind Group did not respond to a request for comment.

In India, foreign premium brands have been luring affluent youngsters by adding retail outlets and e-commerce offerings. Lululemon Athletica LULU.O plans to enter the market in 2026.

The tax hikes will also apply to apparel from luxury goods makers Louis Vuitton LVMH.PA, Dior DIOR.PA and Versace.

Some customers may opt for cheaper more tax-efficient purchases while travelling abroad, but the hike to 18% from an earlier slab of 12% will have limited impact on India's rich, said one luxury industry executive.

Another area of expenditure set for a hit will be clothes bought for weddings. Lavish marriage celebrations are big business, and urban families can easily spend thousands of dollars on items from traditional sarees to men's jackets.

"Putting these clothes in the 18% slab will result in parents compelled to make inferior clothing for their favourite child on their favourite day," the clothing association said.

(Reporting by Aditya Kalra; Additional reporting by Dhwani Pandya and Praveen Paramasivam; Editing by Clarence Fernandez)

((Email: [email protected]; X: @adityakalra;))

** 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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July 29 (Reuters) - Textile manufacturer Arvind ARVN.NS reported a 35% rise in first-quarter profit on Tuesday as global brands move to increase their sourcing from India instead of China.

Arvind, which counts Western brands such as Gap and H&M among its clients, posted a consolidated net profit of 532.4 million Indian rupees ($6.13 million) for the three months ended June 30.

U.S. brands have been diversifying their supply chains beyond China, due in part to geopolitical tensions, while political turmoil in Bangladesh has also prompted global brands to be open to sourcing more from India.

Arvind reported a 10% growth in revenue from operations to 20.06 billion rupees, driven by a 14% increase in revenue from its core textiles business, which accounts for roughly two-thirds of its total sales.

The apparel maker said its strong order book signals increased global interest in India as a sourcing destination.

However, Arvind flagged a knock to its margins for the first half of fiscal 2026 — even as it forecast margins to expand in the second half — due to higher input costs, discounts, and air freight tied to U.S. tariff-led disruptions.

A 10% baseline import levy imposed by the United States remains in effect, even as President Donald Trump has paused steeper country-specific tariffs on Indian goods, weighing on margins at textile exporters.

($1 = 86.8710 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai and Ananta Agarwal in Bengaluru; Editing by Harikrishnan Nair)

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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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** Shares of clothing retailer Arvind ARVN.NS sink 4.8% to 380.35 rupees after Q4 report; was flat earlier

** Stock on track for worst session in over 2 months

** Co's posts higher Q4 profit, rev but warns of margin pressure due to U.S. tariffs

** Says, "It is premature to provide FY26 guidance as the business environment remains hard to predict"

** Also halts non-critical, discretionary spend until it get clarity on tariffs front

** ARVN down 7.3% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** 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) - Arvind Ltd ARVN.NS:

• ARVIND LTD - CAPEX PROGRAMS FOR FY25 EXPECTED TO TOUCH 4-4.5 BILLION RUPEES

Source text: ID:nNSE4ZLNb7

Further company coverage: ARVN.NS

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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)

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** Shares of Arvind Ltd ARVN.NS down 2.7% at 375.80 rupees

** Textile manufacturer's Q1 consol profit falls 40%, as strikes hurt sales

** Over 2 mln shares traded, 2.8x 30-day avg volume

** Seven analysts tracking ARVN rate it "strong buy" on avg; median PT is 458 rupees - LSEG data

** Stock trims YTD gains to 48%

(Reporting by Nandan Mandayam in Bengaluru)

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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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Jan 30 (Reuters) - Arvind Ltd ARVN.NS:

• ARVIND DEC-QUARTER CONSOL NET PROFIT 917 MILLION RUPEES VERSUS PROFIT 841.2 MILLION RUPEES

• ARVIND DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 18.88 BILLION RUPEES VERSUS 19.8 BILLION RUPEES

Further company coverage: ARVN.NS

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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)

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