Arvind expects Rs10,000cr business from its textiles in next 5 yrs

YarnsandFibers News Bureau 2018-03-20 16:00:00 – New Delhi

Arvind Limited is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters is in Naroda, Ahmedabad, expects Rs 10,000 crore business from its textiles business in the next four to five years. The company intends to invest Rs 1,500 crore in the textiles business to expand capacity of its existing units as well as set up new facilities, according to a top company official.

Aamir Akhtar, Arvind CEO Lifestyle Fabrics – Denim said that the overall textiles business for them is around Rs 6,000 crore and they would take it to Rs 10,000 crore over the next 4 to 5 years. The company is exploring newer areas such as athleisure, where it is sensing a significant opportunity.

The company expects to continue its CAGR growth of 16 percent and above in the coming years. Arvind is in the process of demerging its branded apparel and engineering businesses.

It has plans to list its branded apparel business, Arvind Fashions, into a separate entity. Arvind Ltd is in denim, knits & wovens and voiles textiles segments.Denim contributes a large chunk at present, the company is also going for verticalisation.

Rather than just manufacturing fabric, a large part of it would be converted into garments as well. The significant customer base would have one stop supplier for them and give them entire thing end to end.

Besides design, Arvind would co-create and supply them the finished product after manufacturing.

Arvind showcased its exclusive denim collection here named ‘GRAVITY’ along with Invista, one of the world’s largest integrated producers of fibres at its annual event called Arvind FESTIVE 2018.

FESTIVE 2018 also witnessed the launch of futuristic denim technology brands like E-Indigo, Boomerang 360, Boomerang Bounce, Chrome Cord and Hybrid Chinos.

Leading brands such as GAP, Levi Strauss & Co, H&M and Patagonia are its key customers.

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