Thanks to growth in sales volumes, Arvind Ltd. has posted 58 per cent growth in its consolidated revenue for the financial year 2021-22. The company’s revenue stood at Rs. 8,034 crore in the last fiscal.
Its revenue from textile grew 65 per cent whereas that from advanced materials went up by 51 per cent during the last fiscal year. Revenue from textiles was Rs. 1,824.11 crore compared to Rs. 1,331.16 crore in the year-ago period.
The textile giant also reported 64.22 per cent rise in consolidated net profit at Rs. 87.60 crore for the fourth quarter ended March 2022.
The garment volumes in the quarter were at an all-time high and fabric volumes remained healthy. The company’s revenue from garments was Rs. 467 crore in Q4, FY22 – 30 per cent more compared to the same quarter of last fiscal.
In a statement, the company said that fabric and garment volumes remained strong across both domestic and export markets.
It also added that the margins continued to be under pressure as cotton prices continued to soar, and other input costs also remained high. While price increases helped offset the cost increases, margin numbers looked lower compared to previous periods.
In its near-term outlook, the company mentioned that export demand is expected to stay uncertain as inflation, rising interest rates and geo-political disturbances reduce demand visibility.
At the same time, pressure on input costs is likely to remain strong at least until November when new crop arrival may soften cotton prices moderately.
Arvind Limited is one of the largest textile companies in India with revenues exceeding US $ 1 billion. The company is end-to-end supply chain partner to the world’s leading fashion brands, and its advanced materials division makes a variety of technical textile products.







