Arvind Fashions Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 03:47 am
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Arvind Fashions Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 11,250.5 million compared to INR 10,727.8 million a year ago. Revenue was INR 11,319.6 million compared to INR 10,883.6 million a year ago. Net income was INR 510.8 million compared to INR 80.9 million a year ago. Basic earnings per share from continuing operations was INR 1.22 compared to INR 0.93 a year ago. Diluted earnings per share from continuing operations was INR 1.22 compared to INR 0.93 a year ago. Basic earnings per share was INR 3.84 compared to INR 0.61 a year ago. Diluted earnings per share was INR 3.83 compared to INR 0.61 a year ago.
For the nine months, sales was INR 31,652.7 million compared to INR 30,142.9 million a year ago. Revenue was INR 31,860.2 million compared to INR 30,510 million a year ago. Net income was INR 563.1 million compared to INR 258 million a year ago. Basic earnings per share from continuing operations was INR 1.9 compared to INR 3.35 a year ago. Diluted earnings per share from continuing operations was INR 1.9 compared to INR 3.35 a year ago. Basic earnings per share was INR 4.24 compared to INR 1.94 a year ago. Diluted earnings per share was INR 4.23 compared to INR 1.94 a year ago.
Arvind Fashions Limited is an India-based casual and denim company. The Company is in the business of marketing and distribution of branded apparels and accessories. The Company has a portfolio of fashion brands catering to consumers across sub-categories and price points. It has an unmatched portfolio of renowned brands, both international and indigenous, such as U.S. Polo Assn., Arrow, Tommy Hilfiger, Calvin Klein and Flying Machine. The Company operates in all lifestyle categories and consumer segments. It operates through two geographical segments: In India, and the Rest of the world. It offers menswear, womenswear and kids wear. It offers retail, distribution, departmental stores, and online services. Tommy Hilfiger provides menâs, womenâs and childrenâs sportswear, denim, accessories and footwear. Flying Machine is a homegrown denim brand. Its subsidiaries include Arvind Lifestyle Brands Limited, PVH Arvind Fashion Private Limited and others.