Arvind to double revenues and margin in brands and retail business over next 3 years

YarnsandFibers News Bureau 2015-06-28 10:00:00 – Mumbai

Arvind Limited, a textile manufacturer and the flagship company of the Arvind Group is looking ahead to double revenues and margins in the brands and retail business over the next three years, , thus quadrupling its Ebitda for the segment. This expectation is driven by growth in denim (4%), woven (10%) and garments (35%).

Arvind Lifestyle Brands Ltd a group associated with textile business in India and a subsidiary of Arvind Ltd, that produces denim fabrics and supplies them to a large number of fashion brand s across the world is hoping to get 10-12 percent growth in the FY 16 in the textile business.

Arvind has brought various international brands to India. It brought Arrow to India in 1993. It has licensing relationships with Arrow, Gant, Nautica, US Polo Association, Ed Hardy, Elle, Hanes, Cherokee, Mossimo and Geoffrey Beene. Arvind has a portfolio of 12 of its own brands.

Arvind is also looking ahead to come up with six more GAP stores by the end of FY16 and 15 stores by the end of FY17. The Children’s Place launch is likely by Q3 FY16. Arvind will also launch its e-commerce portal by November 2015 with its entire brand portfolio as well as private labels.

Apart from this the Arvind management is eyeing exclusive international brand tie-ups for e-commerce.

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