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Indian retailer Arvind Fashions' Q4 profit jumps on boost in sales Arvind Fashions Ltd, which houses brands like US Polo and Calvin Klein in India, reported a 31.8% rise in fourth-quarter profit on Tuesday, boosted by growth in sales. The Bengaluru-based company's consolidated net profit from continuing operations rose to 294.9 million rupees ($3.57 million) for the three months ended March 31, from 223.8 million rupees a year earlier. Most apparel and footwear companies are reporting profit this quarter as high-end customers are back to pre-pandem...
Indian retailer Arvind Fashions' Q4 profit jumps on boost in sales
Indian retailer Arvind Fashions' Q4 profit jumps on boost in sales
Source: Reuters
30/05/2023 4:43:30 PM
Buy Arvind Fashions Ltd For Target Rs. 567 - Anand Rathi Shares and Stock Brokers Focusing on execution; maintaining a Buy On completing its business reset in FY20-FY21, Arvind Fashions saw an upswing in the last four quarters; we expect the pace to accelerate. While growing 12-15% in the next 3-4 years it expects a double-digit EBITDA margin (pre-Ind AS) in 18 months. Revenue growth would be driven equally by like-to-like growth and store expansion, margin expansion by efficiencies as brands gain scale and on the Arrow turnaround. Management says it will focus on scali...
Buy Arvind Fashions Ltd For Target Rs. 567 - Anand Rathi Shares and Stock Brokers
Buy Arvind Fashions Ltd For Target Rs. 567 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd.
23/12/2022 2:24:43 PM
Arvind Fashions Ltd : Profitable revenue growth; maintaining a Buy - Anand Rathi Share and Stock Brokers Profitable revenue growth; maintaining a Buy Driven by strong, 70% y/y, retail channel growth and its MBO channel doubling its revenue, Arvind Fashions’ Q2 FY23 revenue grew ~46% y/y. With higher productivity, lower discounts and operating leverage, the EBITDA margin expanded ~290bps y/y to 9.8%. The company is on track to its profitable-growth target, working-capital optimisation, delevered B/S and rising cash-flows. Ahead, management expects revenue to grow 12-15% (Rs40bn revenue i...
Arvind Fashions Ltd : Profitable revenue growth; maintaining a Buy - Anand Rathi Share and Stock Brokers
Arvind Fashions Ltd : Profitable revenue growth; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
18/11/2022 12:47:49 PM
Diwali 2022 : Technical picks By Anand Rathi Share and Stock Brokers BUY ARVIND FASHIONS LTD Scrip : ARVINDFASN; Sentiment: BULLISH; Entry : 310-290; Stop Loss: 230; Target :1 400; Target 2 : 440 *In the calendar year of 2021; ARVINDFASN rallied more than 150% in a matter of just 3 months (From 135 it went above 360 mark). Then after it corrected 61.8% of the entire move and has been consolidating. *At this juncture; it is again on the verge of fresh breakout and that indicates a continuation of the pr...
Diwali 2022 : Technical picks By Anand Rathi Share and Stock Brokers
Diwali 2022 : Technical picks By Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
18/10/2022 4:34:37 PM
Diwali Muhurat Pick 2022 : Buy Arvind Ltd and Venus Remedies Ltd - Sushil Financial Buy Arvind Ltd Diversified revenue stream and one of the largest demin manufacturer in India. Arvind Ltd is one largest denim manufacturer in India with a diversified revenue stream. The company has a presence in Denim manufacturing (~25% of total revenue in FY22), Woven division (~28% of total revenue), Garments segment (~19% of total revenue), Advanced Materials (~13% of total revenue), and other related segments. The company has a presence in domestic as well as export division. It h...
Diwali Muhurat Pick 2022 : Buy Arvind Ltd and Venus Remedies Ltd - Sushil Financial
Diwali Muhurat Pick 2022 : Buy Arvind Ltd and Venus Remedies Ltd - Sushil Financial
Source: Sushil Finance Ltd
12/10/2022 4:55:09 PM
Update Arvind Fashions Ltd By Motilal Oswal Cleanup phase over; focus on profitable growth Doing the right things Arvind Fashion has seen a tumultuous phase since its listing around three years ago at ~INR460 and is now down 40%. The last two years have been particularly challenging due to COVID. This has triggered four rounds of equity raise, including the Flipkart backing, which has reduced its leverage. The business has become much leaner, in addition to the company’s decision to cast aside the long tail of loss-making b...
Update Arvind Fashions Ltd By Motilal Oswal
Update Arvind Fashions Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/01/2022 11:37:44 AM
Add Arvind Fashions Ltd For Target Rs.230 - ICICI Securities A step in the right direction Arvind Fashions (ARVINDFA) announced that Arvind Lifestyle Brands Limited (ALBL), a wholly owned subsidiary of ARVINDFA, has signed a definitive agreement for the strategic sale of assets of its Unlimited retail business to V-Mart Retail Ltd. for an all cash consideration of Rs1.5bn. Unlimited operates a chain of 74 value fashion retail stores across South and West India and as a part of the transaction, it will sell the assets of these 74 retail stores along ...
Add Arvind Fashions Ltd For Target Rs.230 - ICICI Securities
Add Arvind Fashions Ltd For Target Rs.230 - ICICI Securities
Source: ICICI Securities
26/08/2021 11:48:42 AM
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities  TECHNICAL OBSERVATIONS Pennant Pattern Breakout on the daily chart Stock has been finding support on its 10 days EMA Price Breakout is seen along with the rising volumes In the month ended July 2021, Stock broke out from multi month consolidation pattern with jump in volumes Indicator and Oscillator setup has been holding bullish on weekly charts Short term m...
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities
Source: HDFC Securities Ltd
3/08/2021 12:04:45 PM
Buy Arvind Fashions Ltd For Target Rs.132 - ICICI Securities ‘Unlimited’ still remains a drag Key takeaways from Arvind Fashions’ (ARVINDFA) Q4FY21 result: 1) overall sales grew 14% YoY – in line with our estimates; 2) ‘power brands’ achieved sales growth of 17% YoY with ~7.5% pre-Ind-AS116 EBITDA margins; 3) specialty retail and emerging brands incurred pre-Ind-AS116 EBITDA loss of ~Rs180mn; 4) company passed an enabling resolution to raise up to Rs4bn though it has no immediate plan to implement it; and 5) net d...
Buy Arvind Fashions Ltd For Target Rs.132 - ICICI Securities
Buy Arvind Fashions Ltd For Target Rs.132 - ICICI Securities
Source: ICICI Securities Ltd
6/07/2021 11:01:19 AM