Mumbai: Textile and apparel player Arvind Ltd on Thursday posted a 27 per cent increase in consolidated profit after tax at Rs 74 crore for the quarter ended June 30.
The company's PAT stood at Rs 58 crore in the first quarter of preceding fiscal year, it said in a statement issued here.
Arvind's revenue also grew 18 per cent to Rs 2,104 crore in the quarter under review as against Rs 1,787 crore in the corresponding quarter of the previous fiscal year.
"Our textiles business, which recorded 14 per cent revenue growth, continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 26 per cent growth in Q1."
"Our established power brands consolidated their market positions. We are also excited about India's first true Omni Channel experience - NNNow.com which we launched during Q1. NNNow.com redefines shopping for Indian consumers by linking online and offline retail shopping experience," Arvind director and CFO Jayesh Shah said.
The company's PAT stood at Rs 58 crore in the first quarter of preceding fiscal year, it said in a statement issued here.
Arvind's revenue also grew 18 per cent to Rs 2,104 crore in the quarter under review as against Rs 1,787 crore in the corresponding quarter of the previous fiscal year.
"Our textiles business, which recorded 14 per cent revenue growth, continues to deliver a strong performance as we continue to pursue a calibrated growth strategy. The brands business continues to demonstrate strong growth with 26 per cent growth in Q1."
"Our established power brands consolidated their market positions. We are also excited about India's first true Omni Channel experience - NNNow.com which we launched during Q1. NNNow.com redefines shopping for Indian consumers by linking online and offline retail shopping experience," Arvind director and CFO Jayesh Shah said.
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