Arvind Ltd. share price target

Revenues in line with estimates: Arvind's (ARVND) reported revenues of INR21b (est. of INR21.3b) for 1QFY17 grew 17.8% YoY, led by strong 26% YoY growth in the brands & retail (B&R;) business to INR5.5b (LTL growth of 4.3%) and 14% YoY growth in the textiles business. EBITDA margins for 1QFY17 stood flat YoY at 11.5% (est. of 12.5%) due to business mix change in favor of branded apparels, but margins in both the segments expanded. Adjusted PAT stood at INR735m (est. of INR788m), as against INR572m in 1QFY16. Ind-AS key adjustments: With respect to goods sold on Sale or Return (SoR)...

Arvind Ltd, (AL) is the largest textile company in India and is a part of the Lalbhai group. AL was the pioneer in the denim space in India and entered the export market for Denims in 1987-88. Currently it is the leader in the denim manufacturing space and supplies to customers like GAP, Lee, Wrangler, Levi's etc. Apart from denim, AL has also emerged as a leading manufacturer in the woven space (with customers like Madura Garments, Marks & Spencers etc.) and is now enhancing its presence in the garmenting segment (which has customers like GAP, Tommy Hilfiger, Calvin Klein etc). Apart from the textile space, AL has also developed a highly successful brand and retail business and boasts...

ICICI Securities Ltd | Retail Equity Research Arvind's Q4FY16 results were better than our expectations on all fronts. Consolidated revenues grew 13.7% YoY to | 2319 crore...

Arvind Ltd is the largest cotton textiles manufacturer and exporter in India. They are the leading player in the branded garments in the domestic market. The company's principal business consists of manufacturing and marketing of Denim Fabric, Shirting Fabric, Shrits, Knitted Fabric and Garments.

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 69%, 28% and 3% 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, Cherokee, GANT, Hanes, Billabong, Wonderbra, Ed Hardy, Geoffrey Beene, Nautica etc. Company has a strong distribution network of 998 stores with a retail space of ~1.6mn sq.ft. (Brands: 903 stores with ~0.87mn sq.ft retail space & MegaMart: 95 stores...

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 69%, 28% and 3% 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, Cherokee, GANT, Hanes, Billabong, Wonderbra, Ed Hardy, Geoffrey Beene, Nautica etc. Company has a strong distribution network of 998 stores with a retail space of ~1.6mn sq.ft. (Brands: 903 stores with ~0.87mn sq.ft retail space & MegaMart: 95 stores...

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 69%, 28% and 3% 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, Cherokee, GANT, Hanes, Billabong, Wonderbra, Ed Hardy, Geoffrey Beene, Nautica etc. Company has a strong distribution network of 983 stores with a retail space of ~1.59mn sq.ft. (Brands: 858 stores with ~0.82mn sq.ft retail space & MegaMart: 125 stores...