Arvind advanced materials drive record quarter

Arvind Limited has reported record quarterly revenue and EBITDA, led by an 81% year-on-year rise in Advanced Material Business (AMB) revenue to ₹805 crore (approximately $91m).

Consolidated revenue for the quarter ended 30th September rose 23% to ₹2,919 crore (approximately $330m), while EBITDA increased 27% to ₹331 crore (approximately $37m). Profit after tax grew 16% to ₹123 crore (approximately $14m).

AMB EBITDA rose 97% to ₹119 crore (approximately $13m), at a 15% margin. The company said protective gear and high-performance segments showed “robust traction”.

Textile revenue rose 11% to ₹1,999 crore (approximately $226m), but input costs cut segment margins by about 75 basis points. Denim fabric volumes rose 19% to more than 18 million metres.

Arvind also noted that it had commissioned phase one of a greenfield garment facility in Varanasi and opened a denim design and marketing hub in Amsterdam.

Care Ratings upgraded Arvind’s long-term rating from AA- to AA and maintained a stable outlook.