ARVINDFASN

March 10 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• ARVIND FASHIONS LTD - TO EXPAND CLUB A STORES ACROSS INDIA

Source text: ID:nBSE8nmQMS

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Feb 5 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• ARVIND FASHIONS Q3 CONSOL PAT 280 MILLION RUPEES

• ARVIND FASHIONS Q3 CONSOL REVENUE 12.03 BILLION RUPEES

Further company coverage: ARVF.NS

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** Shares of Shoppers Stop SHOP.NS rise as much as 8.7% to 674.2 rupees, highest since Nov. 5, currently up 8.1%

** The department store chain said Q3 consol net profit up ~41% Y/Y, snapping two consecutive qtrly losses

** Rev from ops up 11%, aided by strong demand for premium category

** Nearly 230,000 shares change hands, 1.5x its 30-day avg

** Nine analysts covering the stock, on avg, have a "hold" rating vs "buy" rating on rivals Tata Group-owned Trent TREN.NS and Arvind Fashions ARVF.NS, while Aditya Birla Fashion and Retail ADIA.NS rated "sell"- LSEG data

** SHOP up 10% so far this month; it fell ~24% in Q3

($1 = 86.5590 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Arvind Fashions ARVF.NS rise 3.7% to 522.60 rupees, set for their best day since early Sept

** Equirus Securities starts with "long" rating and Street-high PT of 753 rupees

** Brokerage likes ARVF's margin expansion in last few years since it exited loss-making brands

** Says profitability should improve materially as benefits of last three years' corrective actions bear fruit

** Expects ~178 bps rise in operating margin and 33% profit CAGR over next 3 years

** Says with return metrics expected to improve, stock's current 10.5x EV/EBITDA makes it "attractive"

** Analysts' avg rating on ARVF rate is equivalent of "strong buy" - LSEG data

(Reporting by Nandan Mandayam in Bengaluru)

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Oct 28 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• ARVIND FASHIONS Q2 CONSOL PAT 300 MILLION RUPEES

• ARVIND FASHIONS Q2 CONSOL REVENUES 12.73 BILLION RUPEES

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** Shares of Arvind Fashions ARVF.NS climb as much as 2.7% to 548 rupees, last up 1.2%

** Brokerage Anand Rathi keeps "Buy" rating, ups TP to 689 rupees from 632 rupees earlier; at 29% premium on last close

** TP at Street high among five brokerages covering the stock, per LSEG data

** Anand Rathi analysts say co's focus on premiumisation across brands is key for growth prospects

** Says co's 21.6% y/y sales growth in FY24 was led by premiumisation, citing ARVF's FY24 annual report

** Sees higher retail channel mix, reduced gross working capital as key upsides

** Analysts avg rating on stock is "Buy", median PT is 585 rupees

** Over 1.9 mln shares traded, 2.5x the 30-day avg

** Including session's gains, stock up ~22% YTD

(Reporting by Manvi Pant in Bengaluru)

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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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Aug 1 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• ARVIND FASHIONS Q1 CONSOL NET PROFIT 13.2 MILLION RUPEES

• ARVIND FASHIONS Q1 CONSOL REVENUE FROM OPERATIONS 9.55 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of department-store chain Shoppers Stop SHOP.NS are down nearly 4% to 788 rupees

** SHOP posted a loss of 227.2 mln rupees ($2.72 mln) in Q1, its first in nine quarters

** Rev growth slowed down to 7.6% from 13.3% in the Jan-Mar period

** Stock set to post fourth straight session of losses; it dropped nearly 4% in last three sessions

** SHOP avg rating is "hold" compared to "buy" for Trent TREN.NS and "strong buy" for Arvind Fashions ARVF.NS - LSEG data

** SHOP's 14% YTD rise is lesser than ARVF's 20% rise and TREN's 71.5% gain

($1 = 83.6300 Indian rupees)

(Reporting by Nishit Navin)

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May 21 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• MARCH-QUARTER CONSOL NET PROFIT 243.2 MILLION RUPEES VERSUS 109.1 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.94 BILLION RUPEES VERSUS 10.55 BILLION RUPEES

• OVERALL MARKET ENVIRONMENT CONTINUED TO STAY SUBDUED

• DELAYED WEATHER IMPACTING SEASONALITY & CONSUMER BUYING PATTERN

Source text for Eikon: ID:nNSEbhdTZm

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BENGALURU, April 29 (Reuters) - India's Shoppers Stop on Monday reported nearly a 53% rise in fourth-quarter profit, helped by demand in its beauty segment as well as luxury products.

The early start of end-of-season sales and events like Valentine's Day drove heightened sales volumes, while high-income urban consumers favoured luxury makeup and fragrances for social and professional engagements, further boosting top-line growth.

The Mumbai-based chain reported a profit before exceptional item and tax of 300.7 million rupees ($3.60 million) for the three months ended March 31, compared with 197.1 million rupees a year earlier.

It also recorded an exceptional item of 15.9 million rupees in the quarter.

Shoppers Stop, which sells products of brands like Swarovski, Versace, Michael Kors and Bobbi Brown, said its revenue from operations rose 13.3% to 10.46 billion rupees.

Peer Tata Group-owned Trent TREN.NS reported a five-fold jump in quarterly profit, while Arvind Fashions ARVF.NS and Aditya Birla Fashion and Retail ADIA.NS are yet to report results.

Shares of Shoppers Stop closed 0.6% higher ahead of the results. They rose 9.3% during the March quarter.

($1 = 83.4614 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

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BENGALURU, Feb 13 (Reuters) - India's Arvind Fashions ARVF.NS, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter.

The company's shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks.

Arvind Fashions' consolidated revenue rose about 5% to 11.25 billion rupees ($135.5 million) in the October-December quarter. That was less than the 7% growth in the previous quarter and a 17% jump in the year-ago holiday quarter.

"Demand trends continue to remain soft," the company said in a statement and said it expects an improvement by the first quarter, which starts in April.

Retailers have grappled with subdued demand for over a year as inflation-weary consumers cut back on spending.

However, Arvind Fashions' profit from continuing operations rose 14% to 301.2 million rupees in the third quarter. That excluded a one-time gain of 348.2 million rupees from the sale of its unit, Arvind Beauty Brands.

The Bengaluru-based company said its premium brands such as Calvin Klein and Tommy Hilfiger pulled in customers, while its kids wear product sales jumped 15%.

Its rival Shoppers Stop SHOP.NS has reported a third consecutive fall in quarterly profit, although Tata Group-owned Trent's TREN.NS profit surged on strong festive-season sales.

Shares of Arvind Fashions fell as much as 9% after the results before recovering to trade down about 3%.

They have gained about 44% over the past 12 months, more than Shoppers Stop's 9% increase but well below Trent's 190% surge.

($1 = 83.0069 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sherry Jacob-Phillips and Savio D'Souza)

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BENGALURU, Feb 7 (Reuters) - Indian retailer and hypermarket operator Trent TREN.NS reported a more-than-two-fold jump in third-quarter profit on Wednesday, driven by robust demand during the festive period.

The Tata Group-owned company reported a consolidated net profit of 3.71 billion rupees (about $45 million) for the three months ended Dec. 31, from 1.55 billion rupees a year earlier.

Shares of the company rose 10% after the results.

A surge in apparel purchases during the festive period boosted Trent's revenues, which rose nearly 51% to 34.67 billion rupees, outpacing the about 42% rise in its total expenses.

The festive period in India typically spans from October to late November.

Trent opened five Westside and 50 Zudio stores during the quarter, boosting the store counts under these brands to 227 and 460, respectively.

Its peers Arvind Fashions ARVF.NS and Aditya Birla Fashion Retail ADIA.NS will report next week.

($1 = 82.9450 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Mrigank Dhaniwala)

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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]))

** 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)

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BENGALURU, Nov 7 (Reuters) - Indian retailer and hypermarket operator Trent TREN.NS on Tuesday reported a nearly three-fold surge in the second-quarter profit because of strong demand, sending its shares to a record high.

The Tata Group-owned company's consolidated net profit rose to 2.35 billion rupees ($28.23 million) in the quarter ending Sep. 30, despite a 46% rise in total expenses.

Shares of Trent rose as much as 8.7% to a record high of 2,427.1 rupees after the results.

The September quarter witnessed a surge in demand ahead of the festive season, and sales were also boosted by purchases for weddings.

The gross margin profile of Trent's Westside and Zudio stores continued to grow during the quarter, the company said in an exchange filing.

Most Indian businesses grappled with lower footfalls during the September quarter as rising inflation pushed consumers to tighten their belts.

Retail inflation in India eased compared with the year ago period but continued to stay above the Reserve Bank of India's tolerance zone of 2% to 6%, with the only respite occurring in September, when the price gauge dropped to a three-month low of 5%.

Still, Trent's consolidated revenue from operations rose 52.7% to 29.82 billion rupees in the September quarter.

The company, which also owns and operates the Star Bazaar hypermarket chain in partnership with UK's Tesco, witnessed improved footfalls.

Its peer Arvind Fashions ARVF.NS reported a 19% rise in second-quarter profit on Tuesday.

Aditya Birla Fashion and Retail ADIA.NS will report its results later this week.

($1 = 83.2340 Indian rupees)

(Reporting by Ashna Teresa Britto 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]))

** Shares of Arvind Fashions ARVF.NS rise as much as 5% to 377.3 rupees, highest level since Nov 2

** Brokerage Systematix Institutional Equities initiates stock with "buy" rating; TP of 515 rupees

** Sustained product innovation, increased marketing spends helped ARVF premiumise key brands - Systematix

** Expect ARVF to retain leadership in cash generation and EBITDA/PAT growth, despite co's focus on profitable revenue growth raising fears of growth slowing in near term

** Flags prolonged slowdown in demand, enhanced competition,

failure to scale up focus brands as key risks

** More than 493,000 shares change hands by 11:12 a.m. IST, 1.6x the 30-day avg

** Stock up 8.6% YTD

(Reporting by Anisha Ajith in Bengaluru)

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Aug 10 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• JUNE-QUARTER CONSOL NET LOSS 164.3 MILLION RUPEES VERSUS LOSS 5.1 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.57 BILLION RUPEES VERSUS 9.2 BILLION RUPEES

• DEMAND ENVIRONMENT REMAINS SOFT

• EXPECT TRENDS TO IMPROVE GRADUALLY BY FESTIVAL SEASON

Source text for Eikon: ID:nBSE5C0Wb7

Further company coverage: ARVF.NS

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May 30 (Reuters) - Arvind Fashions Ltd ARVF.NS:

• MARCH-QUARTER CONSOL NET PROFIT 109.2 MILLION RUPEES VERSUS PROFIT 7.8 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.4 BILLION RUPEES VERSUS 9.17 BILLION RUPEES

• DIVIDEND 1 RUPEE PER SHARE

Source text for Eikon: ID:nBSE65mKSZ

Further company coverage: ARVF.NS

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By Praveen Paramasivam

CHENNAI, April 27 (Reuters) - India's Shoppers Stop Ltd SHOP.NS on Thursday said it expects its revenue to grow in double-digits this fiscal year, as the department store chain aims to bring in more brands and add two dozen stores.

The retailer seeks to open between 10 and 12 department stores and a similar number of beauty stores in the year ending March 2024, after launching a combined 23 stores last fiscal, Chief Executive Venu Nair told Reuters.

It ended the previous fiscal year with 270 locations.

Shoppers Stop, which is spread across 52 cities, is focusing on opening department stores in new locations, mainly in non-metro cities, Nair said.

Several apparel and footwear chains including Metro Brands Ltd METB.NS and Arvind Fashions Ltd ARVF.NS, which sells Calvin Klein in India, are also doubling down on smaller cities to tap the growing middle class.

With brands scrambling for workers to charge their expansion, Nair said labour availability is "an area which needs to be kept an eye on," with Shoppers Stop employing 40-100 workers at each of its department stores and 8-10 workers at all of its beauty outlets.

The company is also sharpening its focus on its beauty business, acquiring the exclusive distribution for 15 brands last year to cash in on the growing demand for skincare and makeup products from consumers returning to their post-pandemic lifestyles.

Shoppers Stop last month signed a distribution deal with Japan's Shiseido Co Ltd 4911.T to launch its Nars Cosmetics in India.

However, Nair said sales in February and March were "muted," partly due to high inflation, although he said Shoppers Stop has recorded some improvements in the second-half of April.

He also added there could be some price cuts as apparel and textile raw material prices have come down in recent months.

Shoppers Stop on Wednesday swung to a quarterly profit, benefitting from demand for beauty products and higher margin private-label clothing.

(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

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