Arvind reports 35% profit rise as global brands shift from China

Indian textile giant Arvind posted a strong 35% jump in first-quarter profit, benefiting from global brands moving sourcing away from China.

For the three months ending June 30, Arvind reported a consolidated net profit of 532.4 million Indian rupees ($6.13 million). Revenue rose 10% to 20.06 billion rupees, driven by a 14% increase in its core textiles business, making up about two-thirds of total sales.