Trade

Arvind Fashions posts Growth in Q3

Arvind posts net profit of Rs 53.34 crore for March quarter

 

India’s Arvind Fashions, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter.

Arvind Fashions’ consolidated revenue rose about 5% to 11.25 billion rupees ($135.5 million) in the October-December quarter. That was less than the 7% growth in the previous quarter and a 17% jump in the year-ago holiday quarter.

However, Arvind Fashions’ profit from continuing operations rose 14% to 301.2 million rupees in the third quarter. That excluded a one-time gain of 348.2 million rupees from the sale of its unit, Arvind Beauty Brands.

The Bengaluru-based company said its premium brands such as Calvin Klein and Tommy Hilfiger pulled in customers, while its kids wear product sales jumped 15%.

 

 

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