ARVIND continues to outperform on all key parameters; (1) strong 9% SSSG in retail channel (~50% revenue share) which is one of the best in the apparel sector (after Trent’s at 10%), (2) healthy trajectory of EBITDA margin improvement in emerging brands (to 6% vs 3% in 2QFY23) with revenue growth outperformance at 19% YoY (vs 5% growth in Power Brands – 80% revenue share).