Indian firm Arvind's revenue at $218.6 mn in Q1 FY25

Indian textile manufacturer Arvind Limited has reported an overall revenue of ₹18.31 billion (approximately $218.6 million) in the first quarter of fiscal 2025 (Q1 FY25), registering a decline of 1 per cent. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹1.5 billion, reflecting a 17 per cent decrease compared to the previous year.

The EBITDA margin dropped by 1.5 per cent to 8.2 per cent. Profit after tax for the quarter aligned with the revenue, amounting to ₹390 million.

The textile division contributed significantly to the revenue, generating ₹13.5 billion with an EBITDA of ₹990 million, which translates to an EBITDA margin of 7.4 per cent. The garmenting segment saw a robust volume growth of 25 per cent year-on-year, with a total of 9.3 million pieces produced, the company said in a press release.

The advanced materials division reported revenue of ₹3.29 billion in Q1 FY25, achieving an EBITDA margin of 13.9 per cent.

Looking ahead, Arvind has provided guidance for the rest of FY25. In garmenting, the company expects to maintain its positive momentum, targeting a volume of nearly 10 million pieces per quarter and sustaining nearly 25 per cent growth. The advanced materials division is projected to recover its losses in the second and third quarters and return to a 20 per cent growth trajectory.

Fibre2Fashion News Desk (DP)