Arvind Ltd.

NSE: ARVIND | BSE: 500101 | ISIN: INE034A01011 |Industry: Textiles
|Strong Performer, Under Radar

Arvind Ltd.    
07 Aug 2018
86.85
-3.39%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Consolidated revenues for the quarter grew 10.3% YoY to | 2860.96 crore (I-direct estimate: | 2927.5 crore). The growth was accelerated by 14% growth in brand & retail segment to | 1016.4 crore. Revenues from textile segment grew marginally by 2.3% YoY to | 1561.5 crore Despite a 350 bps decline in gross margins to 52.8%, EBITDA margins for the quarter improved 50 bps YoY to 8.6% (I-direct estimate: 9.3%). Lower other expenses (down 460 bps YoY) aided the margin...
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Arvind Ltd. has an average target of 391.40 from 6 brokers.
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