Driving on development in garmenting and material divisions, Ahmedabad-based Arvind Ltd, a number one textile and attire firm, reported a 13 per cent development in revenue after tax (PAT) for the third quarter of monetary yr 2024-25. That is the best PAT for the corporate within the final 10 quarters.
Whereas the income grew to ₹103 crore for the quarter ending December 31, 2024, the corporate stated the expansion in gross sales throughout the pageant season, noticed revenues rise by 11 % to ₹2,089 crore for a similar interval. Vacation and marriage ceremony season unfold throughout November-December months helped the corporate clock increased revenues.
“Whereas the corporate recovered absolutely from challenges confronted in quarter one and two and made vital progress on its development journey, it nonetheless confronted muted development on the superior supplies division (AMD), whereas different business-like garmenting registered a 21 per cent quantity development. Quantity beneficial properties had been reported throughout all segments, together with material, garmenting, and AMD, supported by steady uncooked materials prices and a beneficial product combine,” the corporate said in a launch.
Woven material
Woven material, which is operating at 100-plus utilisation, achieved a quantity of 35 million metres, a development of seven per cent on a year-on-year foundation. That is the best quantity up to now three years, the corporate added.
Regardless of a weak season for Denim merchandise, Denim material quantity registered a development of 19 per cent on a y-o-y foundation, whereas the garmenting division achieved a full garment quantity of 9.3 million items which is a development of 21 per cent on a y-o-y foundation. Arvind stated that its capex programmes for FY25 had been in full steam and is anticipated to the touch ₹400-₹450 crore.
