Arvind Ltd. — Earnings Release 2022

May 18, 2022

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PRESS RELEASE

Arvind Limited delivers strong results for Q4 and full year FY22

Ahmedabad, 18[th] May 2022: Arvind Limited has declared its financial results for the fourth quarter and full year FY 2022.

• FY22 revenues up 58% to ₹8034 crores; Textiles up 65% and AMD revenues up 51%

• Full year FY22 EBITDA ₹788 crores, PBT ₹390 crores and PAT ₹238 crores (compared to ₹463 cr, ₹5 cr and ₹-17 cr respectively in FY2021)

• Long Term debt reduced by ₹415 crores during the year

Performance Highlights

Arvind Limited ended FY22 on a strong note in terms of Q4 performance, which was similar to Q3 as guided earlier. For Q4, Arvind posted revenues of ₹2204 crores and EBITDA of ₹235 crores, helping close the year at ₹8034 crores revenues and ₹788 crores EBITDA. Fabric and garment volumes remained strong across both domestic as well as export markets.

Margins continued to be under pressure as cotton prices continued to soar, and other input costs also remained high. While price increases helped offset the cost increases, margin numbers looked lower compared to previous periods.

Advanced Materials crossed ₹1000 crore mark during the year, and delivered EBITDA margin of 13%.

Arvind Limited closed the financial year at a net debt of ₹1682 crores which was ₹268 crores lower than March 2021 levels. Long term debt reduced by ₹415 crores over this period.

About Arvind Limited

Arvind Limited is one of the largest textile companies in India with revenues exceeding USD 1.0 billion. The company is end-to-end supply chain partner to the world’s leading fashion brands, and its Advanced Materials Division makes a variety of Technical Textile products.

For more information, please contact:

Khantil Shah

khantil.shah@arvind.in

Mobile: 9920083282