ARVIND

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

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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

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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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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

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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

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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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May 6 (Reuters) - Arvind Ltd ARVN.NS:

• ARVIND LTD - WITH INVENTORY CORRECTION BEHIND, AND FRESH ORDER BOOKING, DEMAND OUTLOOK IS POSITIVE FOR FY25

• ARVIND LTD - STEPPING UP CAPITAL EXPENDITURE TO 4 BILLION RUPEES - 4.5 BILLION RUPEES FOR NEW PROJECTS

Source text for Eikon: ID:nBSEPkQzP

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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)

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** 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)

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** 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) - 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)

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Oct 31 (Reuters) - Arvind Ltd ARVN.NS:

• SEPT-QUARTER CONSOL NET PROFIT 800.1 MILLION RUPEES VERSUS PROFIT 1.25 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 19.22 BILLION RUPEES VERSUS 21.7 BILLION RUPEES

Further company coverage: ARVN.NS

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** 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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** 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) - Arvind Ltd ARVN.NS:

• SMALL INCREASE IN EBIDTA MARGIN EXPECTED ON BACK OF VOLUME GROWTH IN Q2

Source text for Eikon: ID:nNSE90DPSS

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** 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)

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May 18 (Reuters) - India's textile manufacturer Arvind Ltd ARVN.NS reported a 14% drop in quarterly revenue on Thursday hurt by weak demand in its key textile segment.

Consolidated revenue from operations fell to 18.81 billion rupees ($230.01 million) for the quarter ended March 31, from 21.97 billion rupees a year earlier.

Given the uncertain economic environment, Arvind expects its overall revenue growth to be muted in the medium term, it said in a statement.

The Ahmedabad-based company's net profit rose 17% to 970 million rupees, aided by a sharp drop in expenses.

Total expenses were down 13% in the quarter, with the cost of materials consumed falling 29% to 8.92 billion rupees.

The company's profit in its mainstay textiles division dropped 43%, while that in its advanced materials segment - that includes composites, industrials and human safety materials -increased 47%.

The textile segment's denim revenue shrunk 46% as price realisation fell in tandem with cotton prices, while its garment revenue fell 25% with exports customers postponing purchases.

Arvind has also planned an investment program of around 6 billion rupees over the next two years to grow its advanced materials and garments businesses, the company said in the statement.

It reduced its net debt by 3.56 billion rupees to 13.27 billion rupees by the end of the last financial year. The company also approved an issue of non-convertible debentures worth up to 2 billion rupees.

It also declared a dividend of 5.75 rupees per share for the last financial year.

Shares of the company fell 2% after the results before reversing course to end the day 3.5% higher.

($1 = 81.7800 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; editing by Eileen Soreng)

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

• ARVIND LTD - TO CONSIDER ISSUE OF NON- CONVERTIBLE DEBENTURES UPTO 2 BILLION RUPEES

Source text for Eikon: ID:nBSEc7sbZp

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