Arvind Limited, one of the largest integrated textile and branded apparel players, has recorded strong growth in the consolidate revenue by 34 per cent at Rs 1,879 crore for the quarter ended 31st March 2014, as against Rs 1,406 crore in the corresponding quarter of the previous year. Consolidated EBIDTA is up by 22 per cent at Rs 248 crore as against Rs 203 crore in the corresponding quarter of the previous year. Profit after tax (PAT) grew by 24 per cent to Rs 94 crore as compared to Rs 76 crore in the corresponding quarter for the last year.
For the financial year, the company reported 30 per cent growth in revenue and 36 per cent growth in operating profit (EBIDTA). Revenue for the year stood at Rs 6,862 crore as against Rs 5,293 crore for the previous year. Net PAT from ordinary activity grew by whooping 49 per cent at Rs 369 crore compared to Rs 248 crore in the previous financial year. At the operating level, consolidated EBIDTA for the year ended 31 March 2014, jumped by 36 per cent at Rs 934 crore as against Rs 687 crore for the previous year. The Board of Directors (BODs) have recommended dividend of 23.5 per cent for the year 2013-14 as against 16.5 per cent for the previous year.
Commenting on the results as well as outlook of the company, Jayesh Shah, Director & Chief Financial Officer, said: ?It is very heartening to note that the company is maintaining the strong growth momentum across all its business verticals. The robust revenue growth of 30 per cent is led by 37 per cent growth in brands and retail business and 21 per cent growth in textile business with operating profit margin expansions in both the businesses. Given the all-round improvement in the performances of all the business verticals and the growth momentum they have attained, we are hopeful to grow by 22-24 per cent during the year 2014-15.?