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Arvind Ltd Incorporates New Step-Down Subsidiary in UAE for Fibre Glass Manufacturing
Arvind Limited's step-down subsidiary, Arvind PD Composites Private Limited, has incorporated a new entity in the UAE named Arvind PD International FZ-LLC. The new company has an authorized capital of AED 150,000 and will focus on the manufacturing and processing of fibre glass and related industrial products. This move marks an international expansion for Arvind's technical textiles and composites business. While the entity is newly incorporated and yet to start operations, it aligns with the company's strategy to grow its specialized materials portfolio.
Key Highlights
Incorporation of Arvind PD International FZ-LLC in the UAE as a step-down subsidiary.
Authorized capital of AED 150,000 divided into 150 shares of AED 1,000 each.
The entity will engage in manufacturing and processing of Fibre Glass and industrial products.
The document specifies a 51% shareholding/control acquired in the new entity.
The subsidiary is newly formed and has not yet commenced commercial operations.
💼 Action for Investors
Investors should view this as a positive step toward diversifying the company's geographic presence in the high-margin composites segment. Monitor future quarterly updates for capital expenditure plans and revenue contributions from this UAE unit.
Arvind Fashions Q3 FY26 Revenue Up 14.5% to ₹1,377 Cr; Adjusted PAT Surges 65%
Arvind Fashions reported a strong Q3 FY26 with revenue growing 14.5% YoY to ₹1,377 crore, driven by robust performance in direct-to-consumer channels. The company's EBITDA (excluding other income) rose 18% to ₹195 crore, reflecting a 40 bps margin expansion. While reported PAT was impacted by a ₹29 crore provision for the Code on Wages, the adjusted PAT grew significantly by 65.2% YoY. The company continues its aggressive expansion with 43 new EBOs added during the quarter, maintaining a healthy inventory turn of 3.7x.
Key Highlights
Revenue grew 14.5% YoY to ₹1,377 crore, supported by 8.2% Like-to-Like (LTL) retail growth.
Online B2C business witnessed a massive 50% YoY growth, significantly increasing its share in the channel mix.
EBITDA margins expanded by 40 bps to 14.2% (₹195 Cr) due to sourcing gains and operating leverage.
Adjusted PAT (before Code on Wages impact) grew 65.2% YoY, although reported PAT was ₹26 crore after the regulatory provision.
Added 43 gross EBOs in Q3, bringing the total store count to 1,022 with a focus on the asset-light FOFO model.
💼 Action for Investors
Investors should focus on the strong operational momentum and margin improvement as signs of successful premiumization and direct-channel focus. The one-time wage impact is a non-recurring regulatory hit, making the underlying business growth the primary driver for long-term valuation.
Arvind Fashions Q3 FY26: Revenue up 14.5% to ₹1,377 Cr, Adjusted PAT Jumps 65%
Arvind Fashions reported a strong Q3 FY26 with revenue growing 14.5% YoY to ₹1,377 crore, driven by robust performance in direct-to-consumer channels. EBITDA saw an 18% increase to ₹195 crore, with margins expanding by 40 bps to 14.2% due to a better channel mix and cost improvements. While reported PAT fell slightly by 7% to ₹26 crore due to the Code on Wages impact, adjusted PAT from continuing operations surged 65.2% to ₹44 crore. The company achieved a healthy 8.2% retail LTL growth and a significant 50% growth in its online B2C segment.
Key Highlights
Revenue grew 14.5% YoY to ₹1,377 Cr, supported by 8.2% retail LTL growth.
EBITDA increased by 18% YoY to ₹195 Cr with margins improving to 14.2%.
Adjusted PAT (excluding Code on Wages impact) grew 65.2% YoY to ₹44 Cr.
Online B2C channel delivered massive ~50% growth during the quarter.
Gross margins expanded by 50 bps to 55.4% through channel mix optimization.
💼 Action for Investors
Investors should focus on the strong operational growth and margin expansion, looking past the one-time accounting impact of the Code on Wages. The company's strategy of premiumization and direct-to-consumer expansion continues to drive value.
Arvind Fashions Q3 FY26 Revenue Grows 25% YoY to ₹1,377 Cr; PBT Rises to ₹82.5 Cr
Arvind Fashions reported a strong operational performance for Q3 FY26, with revenue from operations increasing by 24.8% YoY to ₹1,376.58 crore. Profit Before Tax (PBT) from continuing operations grew by 20.4% to ₹82.54 crore, reflecting healthy margins. However, Net Profit for the quarter declined to ₹36.38 crore from ₹47.65 crore in the previous year, primarily due to a deferred tax charge of ₹6.19 crore as the company transitioned to a new tax regime under Section 115BAA. For the nine-month period, the company maintained growth with a consolidated net profit of ₹118.12 crore.
Key Highlights
Revenue from operations increased 24.8% YoY to ₹1,376.58 crore in Q3 FY26.
Profit Before Tax (PBT) from continuing operations rose to ₹82.54 crore versus ₹68.57 crore in Q3 FY25.
9M FY26 consolidated net profit stood at ₹118.12 crore, up from ₹106.58 crore YoY.
Transitioned to a lower tax regime (Section 115BAA), resulting in a net deferred tax impact in the current quarter.
Discontinued operations (Aeropostale and Ed Hardy) had a minimal net loss impact of ₹0.27 crore during the quarter.
💼 Action for Investors
Investors should look past the technical decline in Net Profit caused by tax adjustments and focus on the robust 25% top-line growth and improving PBT. The company's strategy to exit non-core brands while scaling its primary portfolio appears to be yielding operational efficiency.