Arvind has aims to achieve double digit growth in third and fourth quarters this fiscal. The company aims to clear at least Rs 100 crore of its debt in the third quarter, says a CNBC TV18 report. Arvind saw some sequential recovery in second quarters as its revenues t declined by 33 per cent while its profit margins declined to 9.3 per cent. The company also witnessed significant reduction in its debt during the quarter.
Arvind is a textile manufacturer and the flagship company of the Lalbhai Group. Headquartered in Naroda, Ahmedabad it has units at Santej. The company manufactures cotton shirting, denim, knits and bottom weight fabrics. It has also recently ventured into technical textiles when it started Advanced Materials Division in 2011. It is India's largest denim manufacturer.
