Arvind Posts Record Q2 Performance as Revenue Jumps 23% to Rs 2,919 Crore
Textile conglomerate Arvind Ltd has delivered a record-setting operational performance for the second quarter ended September 30, driven by significant momentum in its technical textiles and steady domestic demand. The company posted robust double-digit expansion across key financial metrics, bolstered by operational scale and strong contributions from both core textile and advanced materials segments.
Key Financial Highlights
Arvind's consolidated performance for the second quarter reflected all-round operational gains:
- Consolidated Revenue: Reached a record Rs 2,919 crore, up 23% compared to Rs 2,371 crore recorded in the corresponding period of the previous year.
- Consolidated EBITDA: Rose 27% year-on-year to Rs 331 crore.
- Net Profit (PAT): Grew 16% year-on-year to Rs 123 crore.
Segmental Performance Breakdown
The growth trajectory was underpinned by stellar demand in the technical textiles portfolio alongside resilient numbers in traditional fabric operations.
Advanced Material Business (AMB): The AMB division emerged as a primary growth driver during the quarter: * Division revenue surged 81% year-on-year to Rs 805 crore. * EBITDA from the segment jumped 97% to Rs 119 crore. * Within this segment, AMB India revenue climbed 23% to Rs 550 crore, delivering an EBITDA of Rs 78 crore. * Acquired entity Dalco-GFT added Rs 256 crore to total revenue and Rs 41 crore to EBITDA, operating at a 16% EBITDA margin.
Textiles and Garmenting: * The core textile division posted revenue of Rs 1,999 crore, an increase of 11% year-on-year, generating an EBITDA of Rs 190 crore. * The garmenting business recorded revenue of Rs 577 crore, aided by a 9% volume growth.
Outlook and Q3 Expectations
Looking ahead to the third quarter, Arvind expects continued momentum in high-margin segments. The company indicated that its AMB India business is projected to maintain approximately 18% revenue and EBITDA growth, with operating margins stabilizing in the range of 14% to 15%.
To support long-term capacity requirements and technological upgrades across its business verticals, the company expects its overall capital expenditure program to exceed Rs 500 crore for the full financial year.
