Certificate Under Regulations 7(3) Of SEBI (LODR) Regulations, 2015.
Compliance Certificate certifying that all activities in relation to both physical and electronic share transfer facilities are maintained by our RTA, Link Intime India Pvt. Ltd. for the period 01.10.2016 to 31.03.2017 Arvind Limited expects growth recovery after low-key Q3
Revenue growth for Arvind's textile business in the most recent quarter was fuelled by the garments and woven segments - garments in particular grew by 38% YoY in its most recent quarter. The company took a beating overall in its Q3FY17, owing, management said, due to demonetization hitting cash availability in trade channels, particularly denim. An increase in cotton prices (up 20% YoY) coupled with higher employee expenses also hit the company's consolidated EBITDA margins, which fell to 10.1% versus the expected 11% for Q3. The fundamentals, Arvind says, are strong. The firm has matured its local production for its core brands, and focused on local sourcing to bring down costs. The company also has a wide distribution footprint across multiple channels, making it a preferred partner for international brands entering the Indian market. A youthful demographic (median age in India will be just 29 in 2020), rising urbanization and access to info on trends is is increasing loyalty towards branded merchandise, according to the firm. As a result, it expects its apparel market to grow in double digits till 2020. Arvind has stayed away from full vertical integration due to margin challenges in the spinning and weaving segments - the margins here are extremely low, and the company expects to continue relying on external suppliers. Instead Arvind has focused on textile processing, to lower costs overall. The management says it expects to open 150 new retail stores every year. The company is continuing its focus on specialty brands like Sephora and GAP, which it is counting on for margin growth in FY18. Share price for the firm has been trending up, on expectations of growth recovery with year-end results. Intimation Of Schedule Of Investors/Analysts Meetings Under SEBI (LODR) Regulations, 2015.
Schedule of Investors/Analysts Meetings at Singapore, Hongkong & Taipei on various dates. Mr. Ankur Arora will be attending the meets as mentioned in the letter for discussing the business strategy of the Company. Revision in Ratings
Arvind Ltd has informed BSE that Credit Analysis & Research Ltd. (CARE) has revised its rating for Arvind Limited as under:1. For Long-Term Bank facilities: Revised From CARE AA- (Double A Minus) to CARE AA (Double A);2. For Short-Term Bank facilities: Reaffirmed CARE A1+ (A One Plus). Intimation of Schedule of Investors/Analysts Meetings
Arvind Ltd has informed BSE regarding "Intimation of Schedule of Investors/Analysts Meetings". Arvind standalone Q3 net down 19%
Arvind Ltd on Wednesday posted standalone net profit of Rs 71.65 crore for the quarter ended December 2016 as against Rs 88.61 crore in the same quarter last year, showing a drop of over 19 per cent... Outcome of Board Meeting
Arvind Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 25, 2017, upon recommendation of the Audit Committee, approved the draft Scheme of amalgamation / merger of its 100% Subsidiaries, Arvind Brands & Retail Limited ("ABRL") and Arvind Garments Park Private Limited ("AGPPL") and Dholka Textile Park Private Limited ("DTPPL") with Arvind Limited ("Arvind").... Announces Q3 results (Standalone & Consolidated), Limited Review Report (Standalone & Consolidated) & Results Press Release for the Quarter ended December 31, 2016
Arvind Ltd has announced the following results for the quarter ended December 31, 2016 The Unaudited Standalone results for the Quarter ended December 31, 2016:The Company has posted a net profit of Rs. 716.50 million for the quarter ended December 31, 2016 as compared to Rs. 886.10 million for the quarter ended December 31, 2015. Total Income has increased from Rs. 13545.20 million for the quarter ended December 31, 2015 to Rs. 14806.60... Schedule of post results with investors / analysts
Arvind Ltd has informed BSE regarding "Schedule of post results with investors / analysts". Q3 results on Jan 25, 2017
Arvind Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 25, 2017, inter alia, to approve and take on record the unaudited standalone and consolidated Financial Results of the Company for the quarter and nine months ended on December 31, 2016 (Q3).