Arvind, one of Indiaâ€™s leading integrated textile players and also one of the largest denim manufacturers in the world with exposure to both textile and apparels segments. The company plans to focus on its garment business to increase its margin. Arvind is looking to increase the share of fabric sold as garments from 6% now to 20% in the next few years.
Further with the expected growth in the Indian retail space, due to rising incomes, urbanisation, attitudinal shifts, etc., will be the main trigger for expansion. Arvind should be able to benefit from the growth in the retail sector. Since its garments segment holds several well-known foreign-licensed brands such as Arrow, Tommy Hilfiger, US Polo, Flying Machine, Calvin Klein, Nautica and Izod.
Moreover, with China losing its competitive edge in textiles due to increasing labour costs and this should help Indian textile companies such as Arvind.
India is the worldâ€™s second-largest raw cotton producer and textile exporter, next only to China. The government initiatives, such as Make in India and enhanced Technology Upgradation Fund Scheme, will also benefit the sector.
Arvind with the required financial muscle for future investments and acquisitions is another reason why the retail counter is ready for a rerating. Arvind is already planning two garments units in Ethiopia and this should add an additional annual revenue of around Rs 1,000 crore.
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