ARVIND
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Arvind Ltd Recommends Final Dividend Of 4.50 Rupees Per Share For Fy2026
May 15 (Reuters) - Arvind Ltd ARVN.NS:
RECOMMENDS FINAL DIVIDEND OF 4.50 RUPEES PER SHARE FOR FY2026
Source text: ID:nBSE4GXvZq
Further company coverage: ARVN.NS
May 15 (Reuters) - Arvind Ltd ARVN.NS:
RECOMMENDS FINAL DIVIDEND OF 4.50 RUPEES PER SHARE FOR FY2026
Source text: ID:nBSE4GXvZq
Further company coverage: ARVN.NS
India's Arvind hits over 1-year high after buying majority stake in US firm
** Indian textile manufacturer Arvind ARVN.NS rises as much as 9.4% to its highest since January 2025 at 426.60 rupees
** Co's unit acquires nearly 61% stake in Dalco-GFT, a U.S.-based manufacturer of needle-punched non-woven specialty fabrics
** More than 1.4 million shares exchange hands as of 10:37 a.m. IST vs 30-day avg of 332,308 shares
** YTD, ARVN shares up 32.5%
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
** Indian textile manufacturer Arvind ARVN.NS rises as much as 9.4% to its highest since January 2025 at 426.60 rupees
** Co's unit acquires nearly 61% stake in Dalco-GFT, a U.S.-based manufacturer of needle-punched non-woven specialty fabrics
** More than 1.4 million shares exchange hands as of 10:37 a.m. IST vs 30-day avg of 332,308 shares
** YTD, ARVN shares up 32.5%
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
Arvind Says Arvind Advanced Materials Enters USA Through Acquisition Of Dalco-GFT
May 6 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND LTD - ARVIND ADVANCED MATERIALS ENTERS USA THROUGH ACQUISITION OF DALCO-GFT
Source text: ID:nnAZN4SUK5S
Further company coverage: ARVN.NS
May 6 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND LTD - ARVIND ADVANCED MATERIALS ENTERS USA THROUGH ACQUISITION OF DALCO-GFT
Source text: ID:nnAZN4SUK5S
Further company coverage: ARVN.NS
Arvind Ltd Incorporates Subsidiary Arvind Atelier In Sharjah, U.A.E.
April 22 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND LTD - INCORPORATES SUBSIDIARY ARVIND ATELIER (FZC) IN SHARJAH, U.A.E.
Source text: ID:nBSE8Y3VG5
Further company coverage: ARVN.NS
April 22 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND LTD - INCORPORATES SUBSIDIARY ARVIND ATELIER (FZC) IN SHARJAH, U.A.E.
Source text: ID:nBSE8Y3VG5
Further company coverage: ARVN.NS
Indian textile stocks rise as government restores benefits for exporters
** Indian textile stocks rise between 1.5% and 3% on Tuesday
** India on Monday withdrew a 50% restriction on benefits from a program that supports exporters called the Remission of Duties and Taxes on Export Products
** Program reimburses exporters for taxes, duties and levies at central, state, and local levels that are not refunded under any other government program but are incurred during the manufacture and distribution of export products
** The move is positive for home textile and technical textile companies which avail benefits under the RoDTEP scheme, providing immediate relief amid challenging macro conditions, analysts at ICICI Securities say
** Welspun Living WLSP.NS leads the pack with a 3% gain, Alok Industries ALOK.NS is up 2.3% and Arvind ARVN.NS advances 1.5%
** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS up about 2% and 3% respectively
**YTD, WLSP down 13%, ALOK down 22%, ICNT down ~19%, ARVN up ~11% and GOKL down 21%
(Reporting by Komal Salecha in Bengaluru)
** Indian textile stocks rise between 1.5% and 3% on Tuesday
** India on Monday withdrew a 50% restriction on benefits from a program that supports exporters called the Remission of Duties and Taxes on Export Products
** Program reimburses exporters for taxes, duties and levies at central, state, and local levels that are not refunded under any other government program but are incurred during the manufacture and distribution of export products
** The move is positive for home textile and technical textile companies which avail benefits under the RoDTEP scheme, providing immediate relief amid challenging macro conditions, analysts at ICICI Securities say
** Welspun Living WLSP.NS leads the pack with a 3% gain, Alok Industries ALOK.NS is up 2.3% and Arvind ARVN.NS advances 1.5%
** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS up about 2% and 3% respectively
**YTD, WLSP down 13%, ALOK down 22%, ICNT down ~19%, ARVN up ~11% and GOKL down 21%
(Reporting by Komal Salecha in Bengaluru)
Indian textile stocks fall on risk of new US tariffs
**Indian textile stocks fall as much as 2.3% on Thursday
**Decline comes after U.S. President Donald Trump's administration launches new trade investigation into excess industrial capacity in 16 major trading partners, including India
**The "Section 301" unfair trade practices investigation could lead to new tariffs imposed against the countries
**Indian textile exporters have significant exposure to the U.S., making them vulnerable to trade restrictions
**Welspun Living leads losses with 2.3% drop, trailed by a 2% decline each in Alok Industries ALOK.NS and Arvind ARVN.NS
** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS down about 1% each; benchmark Nifty 50 .NSEI falls 0.53%
**YTD, WLSP down 11.3%, ALOK down 18.9%, ICNT down 14.2%, ARVN up 3.5% and GOKL down 18.8%
(Reporting by Mridula Kumar in Bengaluru)
**Indian textile stocks fall as much as 2.3% on Thursday
**Decline comes after U.S. President Donald Trump's administration launches new trade investigation into excess industrial capacity in 16 major trading partners, including India
**The "Section 301" unfair trade practices investigation could lead to new tariffs imposed against the countries
**Indian textile exporters have significant exposure to the U.S., making them vulnerable to trade restrictions
**Welspun Living leads losses with 2.3% drop, trailed by a 2% decline each in Alok Industries ALOK.NS and Arvind ARVN.NS
** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS down about 1% each; benchmark Nifty 50 .NSEI falls 0.53%
**YTD, WLSP down 11.3%, ALOK down 18.9%, ICNT down 14.2%, ARVN up 3.5% and GOKL down 18.8%
(Reporting by Mridula Kumar in Bengaluru)
India's textile stocks drop as government reduces benefits for exporters
** Indian textile stocks fall as much as 6%
** The government has halved benefits under the RoDTEP scheme for exporters in textiles and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect
** Alok Industries ALOK.NS loses 1.83%, Trident TRIE.NS down 2.26%, Gokaldas Exports GOKL.NS drops 4.5% and Arvind Ltd ARVN.NS slips about 6%
** Amid weak global demand and U.S. tariffs, the move raises competitiveness concerns, brokerage ICICI Securities says
** Adds these uncertainties will weigh on textile stocks in the near term
** Exporters might have to take the burden of 1%-2% cost increase on profitability - ICICI Securities
** YTD, ALOK down ~10%, TRIE sheds ~3%, GOKL loses 4% and ARVN up ~12%
(Reporting by Komal Salecha in Bengaluru)
** Indian textile stocks fall as much as 6%
** The government has halved benefits under the RoDTEP scheme for exporters in textiles and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect
** Alok Industries ALOK.NS loses 1.83%, Trident TRIE.NS down 2.26%, Gokaldas Exports GOKL.NS drops 4.5% and Arvind Ltd ARVN.NS slips about 6%
** Amid weak global demand and U.S. tariffs, the move raises competitiveness concerns, brokerage ICICI Securities says
** Adds these uncertainties will weigh on textile stocks in the near term
** Exporters might have to take the burden of 1%-2% cost increase on profitability - ICICI Securities
** YTD, ALOK down ~10%, TRIE sheds ~3%, GOKL loses 4% and ARVN up ~12%
(Reporting by Komal Salecha in Bengaluru)
Indian textile stocks shine after US top court rejects Trump tariffs
** Shares of Indian textile stocks rise as much as 7%
** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%
** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%
** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement
** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%
(Reporting by Komal Salecha in Bengaluru)
** Shares of Indian textile stocks rise as much as 7%
** U.S. Supreme Court on Friday struck down import levies imposed by President Donald Trump, prompting him to raise a temporary tariff to 15%
** Alok Industries ALOK.NS up 1.3%, Trident TRIE.NS gains as much as 7%, Gokaldas Exports GOKL.NS climbs as much as 2% and Arvind Ltd ARVN.NS rises 3%
** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India government statement
** YTD ALOK down 5.4%, TRIE up 0.37%, GOKL gained 6% and ARVN up 18%
(Reporting by Komal Salecha in Bengaluru)
Indian textile stocks fall after US exempts some Bangladesh apparel from tariffs
** Indian textile stocks fall between 2.8% and 7%
** Stocks fall after Bangladesh, U.S. sign trade deal that exempts some textile and apparel exports from tariffs if they use American cotton or man-made fibres
** Garment producer Gokaldas Exports GOKL.NS down 7%
** Home textiles producer Welspun Living WLSP.NS down 6%, Arvind ARVN.NS falls 5.2%, while Vardhman textiles VART.NS drops 4.7%
** Trident TRIE.NS, Indo Count Industries ICNT.NS down about 3% each; KPR Mill KPRM.NS sheds 2.8%
** "Investors appear to be reacting to some of the tariff exemptions given to Bangladesh. However, details remain scant and we may not see a material impact for India's large textile players," says Prerna Jhunjhunwala, VP - Lead - Textiles and Retail Sector at Elara Capital
** As of Monday, textile stocks rose between 10% and 45% from February 2, when India-U.S. trade deal was announced
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
** Indian textile stocks fall between 2.8% and 7%
** Stocks fall after Bangladesh, U.S. sign trade deal that exempts some textile and apparel exports from tariffs if they use American cotton or man-made fibres
** Garment producer Gokaldas Exports GOKL.NS down 7%
** Home textiles producer Welspun Living WLSP.NS down 6%, Arvind ARVN.NS falls 5.2%, while Vardhman textiles VART.NS drops 4.7%
** Trident TRIE.NS, Indo Count Industries ICNT.NS down about 3% each; KPR Mill KPRM.NS sheds 2.8%
** "Investors appear to be reacting to some of the tariff exemptions given to Bangladesh. However, details remain scant and we may not see a material impact for India's large textile players," says Prerna Jhunjhunwala, VP - Lead - Textiles and Retail Sector at Elara Capital
** As of Monday, textile stocks rose between 10% and 45% from February 2, when India-U.S. trade deal was announced
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Indian textile stocks rise after interim framework for US-India trade deal
** Shares of Indian textile stocks rise between 0.5% to 3.6%
** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%
** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%
** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement
** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of Indian textile stocks rise between 0.5% to 3.6%
** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%
** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%
** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement
** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Indian textile stocks zoom on India-US trade deal
** Shares of Indian textile stocks jump between 8.5% and 20%
** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers
** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%
** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each
** Trident TRIE.NS, Arvind ARVN.NS surge 13% each
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Indian textile stocks jump between 8.5% and 20%
** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers
** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%
** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each
** Trident TRIE.NS, Arvind ARVN.NS surge 13% each
(Reporting by Kashish Tandon in Bengaluru)
Arvind Ltd Dec-Quarter Consol Net Profit 975.9 Million Rupees
Jan 30 (Reuters) - Arvind Ltd ARVN.NS:
DEC-QUARTER CONSOL NET PROFIT 975.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 23.73 BILLION RUPEES
Source text: ID:nBSE83GKT1
Further company coverage: ARVN.NS
Jan 30 (Reuters) - Arvind Ltd ARVN.NS:
DEC-QUARTER CONSOL NET PROFIT 975.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 23.73 BILLION RUPEES
Source text: ID:nBSE83GKT1
Further company coverage: ARVN.NS
EU trade deal set to aid India's textile players; shares rise
** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them
** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 6%, 4.5% and 4%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 2%-2.5%
** Gokaldas Exports GOKL.NS down 2.5%
** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital
** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says
** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports
** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage
** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028
(Reporting by Vivek Kumar M)
** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them
** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 6%, 4.5% and 4%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 2%-2.5%
** Gokaldas Exports GOKL.NS down 2.5%
** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital
** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says
** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports
** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage
** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028
(Reporting by Vivek Kumar M)
Indian textile stocks drop as Trump's tariff threats linger
** Shares of Indian textile firms fall between 2% and 5%
** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%
** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%
** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively
** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO
** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say
** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors
** In 2025, GOKL shed the most among the pack, down ~35%
(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)
** Shares of Indian textile firms fall between 2% and 5%
** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%
** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%
** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively
** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO
** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say
** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors
** In 2025, GOKL shed the most among the pack, down ~35%
(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)
Indian textile stocks gain on report India, US near deal to cut tariffs on Indian imports
** Indian textile firms gain between 2% and 9%
** India and US are nearing a trade agreement to reduce tariffs on Indian imports, India's Mint reports
** India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comment
** Gokaldas Exports GOKL.NS leads gains among pack with 9.3% jump, trailed by Vardhman Textiles' VART.NS 7.8% climb
** Welspun Living WLSP.NS, KPR Mill KPRM.NS and Indo Count's ICNT.NS up ~5% each
** Arvind ARVN.NS, Trident TRIE.NS up ~4%,
** YTD, GOKL leads losses among pack with 23.1% drop
(Reporting by Kashish Tandon in Bengaluru)
** Indian textile firms gain between 2% and 9%
** India and US are nearing a trade agreement to reduce tariffs on Indian imports, India's Mint reports
** India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comment
** Gokaldas Exports GOKL.NS leads gains among pack with 9.3% jump, trailed by Vardhman Textiles' VART.NS 7.8% climb
** Welspun Living WLSP.NS, KPR Mill KPRM.NS and Indo Count's ICNT.NS up ~5% each
** Arvind ARVN.NS, Trident TRIE.NS up ~4%,
** YTD, GOKL leads losses among pack with 23.1% drop
(Reporting by Kashish Tandon in Bengaluru)
India's higher tax on clothing threatens setback for global fashion brands
India overhauls consumer tax, making daily goods cheaper
Pricey SUVs will also get cheap; garment makers face high taxes
India is big market for clothes priced above $29
Taxes will slow growth, one Indian CEO warns
By Aditya Kalra
NEW DELHI, Sept 4 (Reuters) - India's overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global fashion brands such as Zara, Levi Strauss LEVI.N and Lacoste have been spooked by higher levies on all apparel priced at more than $29.
The premium wear segment accounts for about 18% of an apparel industry worth $70 billion, says Datum Intelligence, spurred by a growing number of nouveau riche and brand-conscious youngsters in India.
The biggest tax reform in eight years by Prime Minister Narendra Modi's government cuts levies to 5% on garments costing less than 2,500 rupees ($29), but items priced above that figure now face a higher levy of 18%.
That will pile pressure on the likes of PVH Corp PVH.N, Marks and Spencer MKS.L, Gap Inc GPS.N, Under Armour UAA.N, Nike NKE.N, H&M HMb.ST and Japan's Uniqlo 9983.T.
Fashion companies worry about the impact of higher taxes on sales, since aspirational young people consider such purchases as a lifestyle upgrade, but remain sensitive to price, said two Indian garment executives dealing in foreign brands.
"Retail works on wafer-thin margins, and overheads like rents are extremely high," said the chief executive of a foreign garment brand operating in India, who sought anonymity for fear of government reprisal. "Growth that we were expecting earlier won't come now."
The official added, "This is not a luxury. The 2,500-rupee price point is basic now."
The higher taxes are also a double whammy for domestic garment makers whose thriving U.S. exports business is also reeling from President Donald Trump's tariffs of 50%.
India's reform has not only drastically cut consumption levies on daily essentials and consumer electronics, but dealt a surprise win on Wednesday for pricey SUVs, reducing their tax rate to a flat 40%, versus up to 50% earlier.
Carmaker Mercedes-Benz has been reporting record sales in recent months, as consumption surges.
The higher rate on apparel could spell the "death knell for the industry", the Clothing Manufacturers Association of India has said, as items costing more than 2,500 rupees are "consumed in large numbers by the common man and middle class".
Most of the 875 new arrivals listed on Superdry India's website, for example, are subject to the new 18% tax, with many jackets on offer priced upwards of $170 and shirts at $60.
On the Lacoste India website, men's T-shirts can cost as much as $99, with not one priced below $29, the new threshold for the higher tax, set to take effect on September 22.
TARIFF TO WEDDINGS
In press statements, the Association has flagged worries about the impact of the higher tax adding to the fallout from Trump's tariff salvo.
India's Arvind Fashions ARVF.NS for example, holds domestic franchisee rights for Tommy Hilfiger and Calvin Klein retail, but its affiliate, Arvind Ltd ARVN.NS, makes foreign brands for export to destinations including the United States, which has a share of roughly 30%.
The Arvind Group did not respond to a request for comment.
In India, foreign premium brands have been luring affluent youngsters by adding retail outlets and e-commerce offerings. Lululemon Athletica LULU.O plans to enter the market in 2026.
The tax hikes will also apply to apparel from luxury goods makers Louis Vuitton LVMH.PA, Dior DIOR.PA and Versace.
Some customers may opt for cheaper more tax-efficient purchases while travelling abroad, but the hike to 18% from an earlier slab of 12% will have limited impact on India's rich, said one luxury industry executive.
Another area of expenditure set for a hit will be clothes bought for weddings. Lavish marriage celebrations are big business, and urban families can easily spend thousands of dollars on items from traditional sarees to men's jackets.
"Putting these clothes in the 18% slab will result in parents compelled to make inferior clothing for their favourite child on their favourite day," the clothing association said.
(Reporting by Aditya Kalra; Additional reporting by Dhwani Pandya and Praveen Paramasivam; Editing by Clarence Fernandez)
((Email: aditya.kalra@tr.com; X: @adityakalra;))
India overhauls consumer tax, making daily goods cheaper
Pricey SUVs will also get cheap; garment makers face high taxes
India is big market for clothes priced above $29
Taxes will slow growth, one Indian CEO warns
By Aditya Kalra
NEW DELHI, Sept 4 (Reuters) - India's overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global fashion brands such as Zara, Levi Strauss LEVI.N and Lacoste have been spooked by higher levies on all apparel priced at more than $29.
The premium wear segment accounts for about 18% of an apparel industry worth $70 billion, says Datum Intelligence, spurred by a growing number of nouveau riche and brand-conscious youngsters in India.
The biggest tax reform in eight years by Prime Minister Narendra Modi's government cuts levies to 5% on garments costing less than 2,500 rupees ($29), but items priced above that figure now face a higher levy of 18%.
That will pile pressure on the likes of PVH Corp PVH.N, Marks and Spencer MKS.L, Gap Inc GPS.N, Under Armour UAA.N, Nike NKE.N, H&M HMb.ST and Japan's Uniqlo 9983.T.
Fashion companies worry about the impact of higher taxes on sales, since aspirational young people consider such purchases as a lifestyle upgrade, but remain sensitive to price, said two Indian garment executives dealing in foreign brands.
"Retail works on wafer-thin margins, and overheads like rents are extremely high," said the chief executive of a foreign garment brand operating in India, who sought anonymity for fear of government reprisal. "Growth that we were expecting earlier won't come now."
The official added, "This is not a luxury. The 2,500-rupee price point is basic now."
The higher taxes are also a double whammy for domestic garment makers whose thriving U.S. exports business is also reeling from President Donald Trump's tariffs of 50%.
India's reform has not only drastically cut consumption levies on daily essentials and consumer electronics, but dealt a surprise win on Wednesday for pricey SUVs, reducing their tax rate to a flat 40%, versus up to 50% earlier.
Carmaker Mercedes-Benz has been reporting record sales in recent months, as consumption surges.
The higher rate on apparel could spell the "death knell for the industry", the Clothing Manufacturers Association of India has said, as items costing more than 2,500 rupees are "consumed in large numbers by the common man and middle class".
Most of the 875 new arrivals listed on Superdry India's website, for example, are subject to the new 18% tax, with many jackets on offer priced upwards of $170 and shirts at $60.
On the Lacoste India website, men's T-shirts can cost as much as $99, with not one priced below $29, the new threshold for the higher tax, set to take effect on September 22.
TARIFF TO WEDDINGS
In press statements, the Association has flagged worries about the impact of the higher tax adding to the fallout from Trump's tariff salvo.
India's Arvind Fashions ARVF.NS for example, holds domestic franchisee rights for Tommy Hilfiger and Calvin Klein retail, but its affiliate, Arvind Ltd ARVN.NS, makes foreign brands for export to destinations including the United States, which has a share of roughly 30%.
The Arvind Group did not respond to a request for comment.
In India, foreign premium brands have been luring affluent youngsters by adding retail outlets and e-commerce offerings. Lululemon Athletica LULU.O plans to enter the market in 2026.
The tax hikes will also apply to apparel from luxury goods makers Louis Vuitton LVMH.PA, Dior DIOR.PA and Versace.
Some customers may opt for cheaper more tax-efficient purchases while travelling abroad, but the hike to 18% from an earlier slab of 12% will have limited impact on India's rich, said one luxury industry executive.
Another area of expenditure set for a hit will be clothes bought for weddings. Lavish marriage celebrations are big business, and urban families can easily spend thousands of dollars on items from traditional sarees to men's jackets.
"Putting these clothes in the 18% slab will result in parents compelled to make inferior clothing for their favourite child on their favourite day," the clothing association said.
(Reporting by Aditya Kalra; Additional reporting by Dhwani Pandya and Praveen Paramasivam; Editing by Clarence Fernandez)
((Email: aditya.kalra@tr.com; X: @adityakalra;))
India's textile stocks drop after Trump doubles tariff on Indian imports
** Indian textile stocks down between 1% and 3%
** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade
** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%
** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.
** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
(Reporting by Kashish Tandon in Bengaluru)
** Indian textile stocks down between 1% and 3%
** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade
** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%
** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.
** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
(Reporting by Kashish Tandon in Bengaluru)
India's Arvind falls as top analyst cuts target price on tariff uncertainty
** Shares of Arvind ARVN.NS fall 1.7% to 325 rupees
** On Tuesday, stock was up about 5% on strong quarterly earnings
** Antique, among top 2 analysts on ARVN for rating accuracy, per LSEG data, maintains "buy" rating but cuts TP to 453 rupees from 470 rupees
** Brokerage says tariff uncertainty in the U.S. remains a concern, given market's large share in co's revenue
** It cuts FY26/27 earnings estimates on margin contraction
** ARVN rated "strong buy" by 7 analysts on average; median TP is 451 rupees – data compiled by LSEG
** Stock down 20.6% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Arvind ARVN.NS fall 1.7% to 325 rupees
** On Tuesday, stock was up about 5% on strong quarterly earnings
** Antique, among top 2 analysts on ARVN for rating accuracy, per LSEG data, maintains "buy" rating but cuts TP to 453 rupees from 470 rupees
** Brokerage says tariff uncertainty in the U.S. remains a concern, given market's large share in co's revenue
** It cuts FY26/27 earnings estimates on margin contraction
** ARVN rated "strong buy" by 7 analysts on average; median TP is 451 rupees – data compiled by LSEG
** Stock down 20.6% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
Indian textile manufacturer Arvind posts profit jump as brands move away from China
July 29 (Reuters) - Textile manufacturer Arvind ARVN.NS reported a 35% rise in first-quarter profit on Tuesday as global brands move to increase their sourcing from India instead of China.
Arvind, which counts Western brands such as Gap and H&M among its clients, posted a consolidated net profit of 532.4 million Indian rupees ($6.13 million) for the three months ended June 30.
U.S. brands have been diversifying their supply chains beyond China, due in part to geopolitical tensions, while political turmoil in Bangladesh has also prompted global brands to be open to sourcing more from India.
Arvind reported a 10% growth in revenue from operations to 20.06 billion rupees, driven by a 14% increase in revenue from its core textiles business, which accounts for roughly two-thirds of its total sales.
The apparel maker said its strong order book signals increased global interest in India as a sourcing destination.
However, Arvind flagged a knock to its margins for the first half of fiscal 2026 — even as it forecast margins to expand in the second half — due to higher input costs, discounts, and air freight tied to U.S. tariff-led disruptions.
A 10% baseline import levy imposed by the United States remains in effect, even as President Donald Trump has paused steeper country-specific tariffs on Indian goods, weighing on margins at textile exporters.
($1 = 86.8710 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai and Ananta Agarwal in Bengaluru; Editing by Harikrishnan Nair)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
July 29 (Reuters) - Textile manufacturer Arvind ARVN.NS reported a 35% rise in first-quarter profit on Tuesday as global brands move to increase their sourcing from India instead of China.
Arvind, which counts Western brands such as Gap and H&M among its clients, posted a consolidated net profit of 532.4 million Indian rupees ($6.13 million) for the three months ended June 30.
U.S. brands have been diversifying their supply chains beyond China, due in part to geopolitical tensions, while political turmoil in Bangladesh has also prompted global brands to be open to sourcing more from India.
Arvind reported a 10% growth in revenue from operations to 20.06 billion rupees, driven by a 14% increase in revenue from its core textiles business, which accounts for roughly two-thirds of its total sales.
The apparel maker said its strong order book signals increased global interest in India as a sourcing destination.
However, Arvind flagged a knock to its margins for the first half of fiscal 2026 — even as it forecast margins to expand in the second half — due to higher input costs, discounts, and air freight tied to U.S. tariff-led disruptions.
A 10% baseline import levy imposed by the United States remains in effect, even as President Donald Trump has paused steeper country-specific tariffs on Indian goods, weighing on margins at textile exporters.
($1 = 86.8710 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai and Ananta Agarwal in Bengaluru; Editing by Harikrishnan Nair)
((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))
Elpro International Buys Equity Shares Of Arvind Fashions Worth 91.5 Mln Rupees
July 17 (Reuters) - Arvind Ltd ARVN.NS:
BUYS EQUITY SHARES OF ARVIND FASHIONS WORTH 91.5 MILLION RUPEES
Source text: ID:nBSE17MX4w
Further company coverage: ARVN.NS
July 17 (Reuters) - Arvind Ltd ARVN.NS:
BUYS EQUITY SHARES OF ARVIND FASHIONS WORTH 91.5 MILLION RUPEES
Source text: ID:nBSE17MX4w
Further company coverage: ARVN.NS
Arvind March-Qtr Consol Net Profit 1.51 Bln Rupees
May 15 (Reuters) - Arvind Ltd ARVN.NS:
MARCH-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 22.21 BILLION RUPEES
DIVIDEND 3.75 RUPEES PER SHARE
Further company coverage: ARVN.NS
May 15 (Reuters) - Arvind Ltd ARVN.NS:
MARCH-QUARTER CONSOL NET PROFIT 1.51 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 22.21 BILLION RUPEES
DIVIDEND 3.75 RUPEES PER SHARE
Further company coverage: ARVN.NS
India's textile makers gain after free trade agreement between Britain and India
** Shares of India's textile makers rise after Britain and India sign major trade agreement
** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles
** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively
** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said
** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run
** ICNT jumps 6.5% and WLSP gains 7.3%
** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market
(Reporting by Vijay Malkar)
** Shares of India's textile makers rise after Britain and India sign major trade agreement
** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles
** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively
** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said
** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run
** ICNT jumps 6.5% and WLSP gains 7.3%
** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market
(Reporting by Vijay Malkar)
India's textile stocks rise on higher US tariffs on Asian peers
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
India's Arvind Q3 profit jumps on strong festive demand for textiles
Jan 28 (Reuters) - Indian clothing retailer Arvind Ltd ARVN.NS reported a 13% rise in its third-quarter profit on Tuesday, boosted by strong demand for textiles during the festive season.
The company, which retails international brands including Tommy Hilfiger, Arrow, and Calvin Klein, posted a consolidated net profit of 1.03 billion rupees ($11.90 million) in the quarter ended Dec. 31, up from 917 million rupees a year earlier.
The festive season, running from September to January, traditionally contributes significantly to retailers' annual sales as consumer spending surges during the period.
Textile manufacturers capitalized on the steady demand by offering discounts to attract buyers, despite the headwinds from persistent inflation.
Arvind reported a near 11% growth in revenue from operations, driven by an 11% increase in revenue from its core textile segment, which accounts for 74% of its total sales.
The textile segment saw strong volume growth during the quarter, aided by new customer acquisitions, while margins remained stable across segments, Arvind said in its investor presentation.
Total expenses grew 10% during the reported quarter as prices of cotton, its key raw material, remained elevated.
The advanced materials segment, through which Arvind makes fabrics and protective gear for construction work, grew 9%.
($1 = 86.5300 Indian rupees)
(Reporting by Ashna Teresa Britto; Editing by Rashmi Aich)
Jan 28 (Reuters) - Indian clothing retailer Arvind Ltd ARVN.NS reported a 13% rise in its third-quarter profit on Tuesday, boosted by strong demand for textiles during the festive season.
The company, which retails international brands including Tommy Hilfiger, Arrow, and Calvin Klein, posted a consolidated net profit of 1.03 billion rupees ($11.90 million) in the quarter ended Dec. 31, up from 917 million rupees a year earlier.
The festive season, running from September to January, traditionally contributes significantly to retailers' annual sales as consumer spending surges during the period.
Textile manufacturers capitalized on the steady demand by offering discounts to attract buyers, despite the headwinds from persistent inflation.
Arvind reported a near 11% growth in revenue from operations, driven by an 11% increase in revenue from its core textile segment, which accounts for 74% of its total sales.
The textile segment saw strong volume growth during the quarter, aided by new customer acquisitions, while margins remained stable across segments, Arvind said in its investor presentation.
Total expenses grew 10% during the reported quarter as prices of cotton, its key raw material, remained elevated.
The advanced materials segment, through which Arvind makes fabrics and protective gear for construction work, grew 9%.
($1 = 86.5300 Indian rupees)
(Reporting by Ashna Teresa Britto; Editing by Rashmi Aich)
Arvind Ltd Invests 249.9 Million Rupees In Arvind Advanced Materials
Dec 19 (Reuters) - Arvind Ltd ARVN.NS:
INVESTS 249.9 MILLION RUPEES IN SUBSIDIARY ARVIND ADVANCED MATERIALS
Source text: ID:nNSE3tqNXn
Further company coverage: ARVN.NS
Dec 19 (Reuters) - Arvind Ltd ARVN.NS:
INVESTS 249.9 MILLION RUPEES IN SUBSIDIARY ARVIND ADVANCED MATERIALS
Source text: ID:nNSE3tqNXn
Further company coverage: ARVN.NS
India's Arvind eyes best day in over 3 yrs on higher Q2 profit
** Shares of Arvind ARVN.NS rise as much as 19.7% to 373.7 rupees, eye best one-day pct gain since Oct. 13, 2021
** Co posts a 19% rise in Q2 pre-tax profit, aided by higher textiles demand
** Rev from ops up 14%, aided by 12% rev growth in core textile segment, which accounts for ~74% of total sales
** More than 2.2 mln shares change hands, 5.7x 30-day avg
** Seven analysts covering the stock, on avg, have a "buy"; median PT is 459 rupees - LSEG data
** Stock up 41% so far this year
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
** Shares of Arvind ARVN.NS rise as much as 19.7% to 373.7 rupees, eye best one-day pct gain since Oct. 13, 2021
** Co posts a 19% rise in Q2 pre-tax profit, aided by higher textiles demand
** Rev from ops up 14%, aided by 12% rev growth in core textile segment, which accounts for ~74% of total sales
** More than 2.2 mln shares change hands, 5.7x 30-day avg
** Seven analysts covering the stock, on avg, have a "buy"; median PT is 459 rupees - LSEG data
** Stock up 41% so far this year
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
Arvind Made Further Investment Of 480 Million Rupees In Unit
Sept 9 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND - MADE FURTHER INVESTMENT OF 480 MILLION RUPEES IN UNIT ARVIND TECHNICAL PRODUCTS
Source text for Eikon: ID:nBSE9YVtT3
Further company coverage: ARVN.NS
Sept 9 (Reuters) - Arvind Ltd ARVN.NS:
ARVIND - MADE FURTHER INVESTMENT OF 480 MILLION RUPEES IN UNIT ARVIND TECHNICAL PRODUCTS
Source text for Eikon: ID:nBSE9YVtT3
Further company coverage: ARVN.NS
Indian garment makers surge on demand hopes amid Bangladesh unrest
** Shares of Indian textile companies and garment makers surge between 3-11%
** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%
** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%
** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers
** Bangladesh was the third-largest clothing exporter in the world last year
** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix
** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
** Shares of Indian textile companies and garment makers surge between 3-11%
** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%
** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%
** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers
** Bangladesh was the third-largest clothing exporter in the world last year
** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix
** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
India's Arvind declines as Q1 earnings marred by strikes
** Shares of Arvind Ltd ARVN.NS down 2.7% at 375.80 rupees
** Textile manufacturer's Q1 consol profit falls 40%, as strikes hurt sales
** Over 2 mln shares traded, 2.8x 30-day avg volume
** Seven analysts tracking ARVN rate it "strong buy" on avg; median PT is 458 rupees - LSEG data
** Stock trims YTD gains to 48%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
** Shares of Arvind Ltd ARVN.NS down 2.7% at 375.80 rupees
** Textile manufacturer's Q1 consol profit falls 40%, as strikes hurt sales
** Over 2 mln shares traded, 2.8x 30-day avg volume
** Seven analysts tracking ARVN rate it "strong buy" on avg; median PT is 458 rupees - LSEG data
** Stock trims YTD gains to 48%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Indian textiles firm Arvind rises after workers call off strike
** Shares of textile co Arvind ARVN.NS rise as much as 3.6% to 388.74 rupees
** Co says workers at one of its plants have called off a strike after Labour Court declared it illegal
** Adds, operations are getting back to normal
** Analysts' avg rating on the stock is "strong buy", median PT is 445.50 rupees
** Including session's gains, stock is up ~45% so far this year
(Reporting by Yagnoseni Das in Bengaluru)
** Shares of textile co Arvind ARVN.NS rise as much as 3.6% to 388.74 rupees
** Co says workers at one of its plants have called off a strike after Labour Court declared it illegal
** Adds, operations are getting back to normal
** Analysts' avg rating on the stock is "strong buy", median PT is 445.50 rupees
** Including session's gains, stock is up ~45% so far this year
(Reporting by Yagnoseni Das in Bengaluru)
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What does Arvind do?
Arvind Limited specializes in manufacturing high-end superfine fabrics for a wide range of industries including apparel, personal protection, industrial filtration, and more. They also have business divisions in textiles, brands, and retail.
Who are the competitors of Arvind?
Arvind major competitors are Vedant Fashions, Pearl Global Inds., Gokaldas Exports, PDS, Kitex Garments, Kewal Kiran Clothing, S.P. Apparels. Market Cap of Arvind is ₹12,792 Crs. While the median market cap of its peers are ₹4,204 Crs.
Is Arvind financially stable compared to its competitors?
Arvind seems to be less financially stable compared to its competitors. Altman Z score of Arvind is 3.74 and is ranked 7 out of its 8 competitors.
Does Arvind pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Arvind latest dividend payout ratio is 27.78% and 3yr average dividend payout ratio is 33.95%
How has Arvind allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress
How strong is Arvind balance sheet?
Balance sheet of Arvind is strong. But short term working capital might become an issue for this company.
Is the profitablity of Arvind improving?
Yes, profit is increasing. The profit of Arvind is ₹420 Crs for TTM, ₹353 Crs for Mar 2025 and ₹337 Crs for Mar 2024.
Is the debt of Arvind increasing or decreasing?
Yes, The net debt of Arvind is increasing. Latest net debt of Arvind is ₹1,277 Crs as of Mar-26. This is greater than Mar-25 when it was ₹1,143 Crs.
Is Arvind stock expensive?
Yes, Arvind is expensive. Latest PE of Arvind is 31.04, while 3 year average PE is 19.51. Also latest EV/EBITDA of Arvind is 14.07 while 3yr average is 9.19.
Has the share price of Arvind grown faster than its competition?
Arvind has given better returns compared to its competitors. Arvind has grown at ~47.61% over the last 4yrs while peers have grown at a median rate of 18.2%
Is the promoter bullish about Arvind?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Arvind is 39.53% and last quarter promoter holding is 39.53%.
Are mutual funds buying/selling Arvind?
The mutual fund holding of Arvind is increasing. The current mutual fund holding in Arvind is 19.62% while previous quarter holding is 18.94%.