Arvind Fashions plans to resume full operations at the earliest as market reopens post lockdown. The company staged fast recovery from the ongoing pandemic with sharpened product portfolio, entrenched distribution network along with capability build-up in analytics for demand planning and fulfillment, as well as omni-channel retail.
For the quarter ended March 2020, Arvind Fashions reported a consolidated net loss of Rs 208.12 crore. Its revenues from operations fell by 39.22 per cent to Rs 710.46 crore as against Rs 1,168.96 crore in the corresponding quarter a year ago. The company's total expenses declined by 22.98 per cent to Rs 895.58 crore as against Rs 1,162.89 crore in the fourth quarter of 2018-19.
For fiscal year 2019-20, the company reported a net loss of Rs 399.36 crore. Its revenue from operations in FY20 declined 16.74 per cent to Rs 3,866.30 crore as compared with Rs 4,643.86 crore in 2018-19. Arvind Fashions is India’s leading player in casual and denim segment and hosts a strong portfolio of fashion brands both international and indigenous which includes - US Polo Assn., Arrow, GAP, Tommy Hilfiger, Calvin Klein, Flying Machine and Sephora. It has a network of 1,290 stores and presence across India.