ARVIND’s continues to outperform on all key parameters; (1) strong 4% SSSG (vs -3% in ABFRL’s Lifestyle Brands) in retail channel (51% revenue share) which is 2nd best in apparel sector (after Trent’s at 12%), (2) healthy trajectory of EBITDA margin improvement in emerging brands (to 11% vs 6% in FY23) with strong revenue growth 15% YoY (vs 4% growth in Power Brands – 80% revenue share).