Arvind Fashions reports impressive 123% rise in Q4 net profit
Arvind Fashions Ltd (AFL) reported a stellar fourth quarter, with net profit rising 123 per cent to Rs 24 crore compared to Rs 11 crore last year. Revenue also climbed 4 per cent to Rs 1,094 crore.
Despite a subdued market, AFL's focus on retail efficiency led to a healthy 4 per cent growth in Like-for-Like (LTL) sales and a 120 basis point improvement in full-year EBITDA margin.
Arvind Fashions CEO Shailesh Chaturvedi attributed the company's success to strong execution in FY24, which improved all key financial metrics. He expects continued growth by expanding brands through innovative retail formats and growing the store network to further improve margins.
For the full year, AFL's net profit reached Rs 56 crore on revenue of Rs 4,259 crore. The company boasts a leading fashion brand portfolio, including U.S. Polo Assn., Arrow, Tommy Hilfiger, Calvin Klein, and Flying Machine.
