Arvind Ltd. share price target and research reports

22 Mar 2019

363.15

2.67%

Arvind Fashions Ltd

Buy: Arvind Ltd.

ICICI Securities Limited

Power brands: Cash Cow for Arvind Fashions AFL's brand portfolio consists of a balanced mix, with power brands (brands that have crossed | 200 crore in revenues) and emerging brands. Power brands of AFL include Arrow, Tommy Hilfiger, US Polo Association (USPA), and Flying Machine. USPA has turned out to be one of the most profitable brand for AFL, with turnover of over | 1000 crore. Predominantly in casual menswear category, over the years, USPA has successfully leveraged its brand in newer product categories. On profitability front, the entire EBITDA...

05 Dec 2018

363.15

2.67%

Arvind

Buy: Arvind Ltd.

Target

Kotak Securities

Arvind has demerged its branded apparel & retail business and engineering business into separate companies Arvind Fashions Ltd (AFL) and Anup Engineering Ltd (AEL), respectively. This would create three separately listed companies focusing on different businesses which will increase focus on individual businesses. The company management is positive on the long term fundamental of all the entities. As per company PPT, AFL and AEL are expected to be listed on exchanges tentatively in early February 2019. Post demerger, Arvind will be present in two main businesses; textiles ~87%...

Number of FII/FPI investors decreased from 179 to 171 in Dec 2025 qtr

05 Nov 2018

363.15

2.67%

Arvind Ltd

Buy: Arvind Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NCLT has approved the demerger of Arvind Fashions and Anup Engineering from Arvind Ltd. The company has reported financials for its continuing business only. However, for the purpose of comparison, the company has provided the consolidated summary Revenues from the textile division (excluding advanced materials) grew 6.4% YoY to | 1488 crore mainly driven by 15%, 14% growth in the garmenting, woven division, respectively. The denim business...

03 Nov 2018

363.15

2.67%

Arvind Ltd Q2FY19 results Comment

Results Update: Arvind Ltd.

HDFC Securities

Arvind Ltd Q2FY19 results Comment Revenue decreased by 0.92% to Rs. 1792.91 Cr in Q2FY19 when compared to the previous quarter. On the other hand, it rose by 13.07% when compared with Q2FY18

01 Nov 2018

363.15

2.67%

Weak consumer demand impacts growth;

Neutral: Arvind Ltd.

Target

Motilal Oswal

10 Oct 2018

363.15

2.67%

Arvind

Buy: Arvind Ltd.

Kotak Securities

We recently met the management of Arvind Ltd. The company is positive on all major businesses textiles, Apparels and engineering business. The company expects to complete demerger of branded apparel business and engineering business in the near future. The company has maintained FY19...

10 Aug 2018

363.15

2.67%

EARNINGS UPDATE-ARVIND LTD-1QFY19

Buy: Arvind Ltd.

Target

Chola Wealth Direct

Sector: Textile /Mid-Cap | Earnings Update 1QFY19 Background: Arvind Ltd is the flagship company of the Lalbhai Group, established in 1931. Arvind's business is broadly classified into Textiles, Brand & Retail and others. Textiles, Brand & retail and others which accounts for 55%, 39% and 6% of the revenue respectively. In India, Arvind sells international brands such as Arrow, US Polo Associate, Tommy Hilfiger (JV brand), Calvin Klein (JV brand), IZOD, Elle, TCP, Cherokee, GANT, Hanes, GAP, Wonderbra, Ed Hardy, Geoffrey Beene, Nautica etc. Company has a strong distribution network of 1,336 stores with a retail space of ~2.19mn sq.ft. (Brands: 1,201 stores with ~1.07mn sq.ft retail space & Unlimited: 99 stores...

07 Aug 2018

363.15

2.67%

Arvind Ltd Q1FY19 results Comment

Results Update: Arvind Ltd.

HDFC Securities

Revenue decreased by 7.56% to Rs. 2860.96 Cr in Q1FY19 when compared to the previous quarter. Arvind Ltd Q1FY19 results Comment

07 Aug 2018

363.15

2.67%

Arvind Ltd

Buy: Arvind Ltd.

Target

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...

06 Aug 2018

363.15

2.67%

Beat on all fronts; On track with margin expansion in Brands & Retail

Neutral: Arvind Ltd.

Target

Motilal Oswal

6 August 2018 Revenue increased 10% YoY to INR28.6b (est. of INR26b) in 1QFY19, led by Brands & Retail business (up 14% YoY to INR10.1b; INR890m unadjusted stated higher due to Ind-AS adjustment + one-time impact from agreement changes). Textiles business too grew by 2% YoY to INR15.6b. EBITDA grew 18% YoY to INR2.5b (est. of INR2.3b), with the margin expanding 50bp YoY to 8.6% (est. Adj. PAT increased 19% YoY to INR0.