• Q1 earnings grow 27% to INR740m
  • Sales up 18% to INR2.01bn (US$30.09m)

Indian textile and apparel business Arvind Limited has posted higher earnings and sales in its first-quarter thanks to double-digit growth in its textiles division. 

Revenues were up 18% in the three months to the end of June, reaching INR2.01bn (US$30.09m), against sales of INR1.79bn in the year ago period. 

Profit after tax before exceptional items grew 27% in the quarter to reach INR740m from INR580m in the comparable period last year. Consolidated EBITDA stood at INR241m, an increase of 16% on the prior year. 

"Our textiles business, which recorded 14% revenue growth continues to deliver a strong performance as we continue to pursue a calibrated growth strategy," said CFO Jayesh Sha.

"The brands business continues to demonstrate strong growth with 26% growth in the first quarter. Our established power brands consolidated their market positions. We are also excited about India's first true omni-channel experience – NNNow.com – which we launched during the first quarter. It redefines shopping for Indian consumers by linking the online and offline retail shopping experience."

Last month, Arvind became the first Indian-headquartered member of the Zero Discharge of Hazardous Chemicals (ZDHC) programme.

Arvind and TÜV Rheinland join ZDHC pledge