Arvind Ltd. share price target

9% growth in textile: During Q4FY2018, Arvind Limited (Arvind) reported 21.3% y-o-y revenue growth to Rs. 2,990 crore. Revenue from the textile segment grew by 9.3% y-o-y to Rs. 1,596.4 crore mainly led by 13% volume growth in the garment segment and 14% revenue growth in the woven segment. Fabric volume also improved from 56 million metres to 60 million...

~12% in last 30 trading days (16% correction from its recent high) and is providing decent opportunity for investors to enter the stock. The company has planned to demerge its branded & retail (B&R;) business (~Rs. 2,900 crore revenue with OPM of 5% in FY2017) and engineering business (Rs. 179 crore revenue with OPM of 30% in FY2017) in to separate entities to unlock...

Q3FY18 revenue grew 16% YoY to Rs 27 bn on strong 24% YoY growth in Brands & Retail division, supported by 9% YoY growth in textiles segment. However, EBITDA margin declined 90 bps to 9% due to (1) reduction in duty drawbacks and other export incentives and (2) adverse currency movements.

Arvind Ltd Q3FY18 results comment Revenue grew by 2.94% to Rs. 2705.75 Cr in Q3FY18 when compared to the previous quarter. Also, it rose by 15.86% when compared with Q3FY17

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter grew 16% YoY to | 2705.8 crore (I-direct estimate: | 2584.1 crore). Growth was accelerated by higher growth in the brand & retail segment, which grew 24% YoY (mainly due to...

Arvind Ltd Q2FY18 results comment Revenue grew by 6.2% to Rs. 2628.46 Cr in Q2FY18 when compared to the previous quarter. Also, it grew by 12.75% when compared with Q2FY17.

Revenue of ~Rs 100 bn each from Brands & Retail division (~23% CAGR) and Textiles (~10% CAGR) by FY22. Arvind today announced demerger of it Brands & Retail and Engineering divisions into separate companies

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter grew 13% YoY to | 2628.5 crore (I-direct estimate: | 2444 crore). The growth was accelerated by higher growth in brand & retail segment grew by 20% YoY (adjusted for Tommy Hilfiger & Calvin Klein) to | 1032.4 crore as compared to | 899 crore in Q2FY17 and | 773 crore in Q1FY18. The revenue growth in textile business, majorly driven by garments business (up 19% YoY) was completely tapered by subdued performance in major business like...

Arvind reported healthy revenue growth of 17.6% YoY on consolidated basis in Q1FY18 led by strong growth in brands business. EBITDA margin however came in weaker than expected (370bps YoY to 8.4%) knocked down by higher cotton prices coupled with rupee appreciation and...

Despite GST-led disruption which led to wholesalers de-stocking, EBITDA margin in Brands & Retail division (32% of revenue) improved 60 bps YoY. This was offset by strong INR and adverse raw material prices which resulted in 370 bps decline in EBITDA margin of the textile division (64% of revenue).