Arvind Mills
Consolidated EBITDA margin improved to 11.4% from 11% a year earlier. The segment reported revenue of Rs 805 crore, up 81% year-on-year, while EBITDA surged 97% to Rs 119 crore. Its EBITDA margin stood at 15%.
As the quarter progressed, India benefited from a more favourable trade position and stronger festive order inflows,” the company said. The textile maker continued to face pressure from higher raw material costs, which curtailed margin growth in its textile business. “The first half was impacted by West Asia-led volatility in energy, freight and input costs, while demand in key western markets remained cautious. The Advanced Materials Business (AMB) remained a key growth driver. The company cited demand from industrial capital expenditure, infrastructure, mobility and speciality applications as key growth drivers.
The company also established a denim design and marketing hub in Amsterdam to strengthen its international presence and customer engagement. Care Ratings upgraded Arvind’s credit rating by one notch, from AA- to AA, with a stable outlook. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad