Arvind, textile manufacturer and flagship company of the Lalbhai Group, has reported a 1.5 percent growth in second quarter consolidated profit at Rs 71.7 crore on yearly basis. Revenue supported bottomline but weak margin limited growth.
Revenue increased 19.1 percent year-on-year to Rs 2,331 crore in July-September quarter with branded apparels business showing a 33 percent growth at Rs 752 crore. EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 2 percent to Rs 232.3 crore but margin contracted 160 basis points to 10 percent on yearly basis.
