06 February 2025, Mumbai
Arvind Fashions’ (AFL) registered a 58 per cent rise in Q3, FY25 net profit to Rs 48 crore as against Rs 30 crore in the corresponding quarter a year ago.
Revenues of the retailer of global brands such as Arrow, Calvin Klien and Tommy Hilfiger rose by 7 per cent to Rs 1,203 crore, as against Rs 1,125 crore in the corresponding quarter of the previous financial year.
Shailesh Chaturvedi, Managing Director & CEO, AFL says, a retail LTL of 11 per cent despite tepid demand scenario across the industry, reflects the conscious investments made by the company in upgrading customer experience and launch of its celebrity collab collection
The company delivered highest ever EBITDA and PAT growth of 71 per cent due to favorable channel mix and lower discounting coupled with cost efficiencies. The company continues to gain market share with its focus on scaling existing brands. It aims to target higher ROCE, in future, adds Chaturvedi.
The company also plans to open 150 new stores in FY25 through Franchise Owned Franchise Operated (FOFO) route. In Q3, it opened 35 EBOs to take its total store count to 947.
