Arvind Ltd. — Earnings Release 2022

Jan 27, 2022

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PRESS RELEASE

Arvind Limited delivers strong results for Q3 FY22; ROCE tops 15%

Ahmedabad, 27[th] January 2022: Arvind Limited has declared its financial results for the third quarter of FY 2022.

• Revenues up 50% at ₹ 2276 crores; Textiles revenues up 57% & AMD up 42%+

• Q3 EBITDA at ₹237 crores (up 46%), PBT at ₹142 crores and PAT at ₹93 crores – all time high numbers

• Overall ROCE stood at 15.5%

• Debt reduction of ₹157 crores during the quarter as planned

Performance Highlights

Volumes grew across all Textile segments as post-Covid demand stayed strong in both export and domestic markets. Cotton prices rose sharply, and other input costs continued to stay high, but were mostly offset by improved price realization and higher efficiencies.

Advanced Materials, delivered a robust quarter, and revenues stood at INR 267 crores. EBITDA for AMD for the quarter was 13%.

We expect Q4 to deliver strong results similar to the 3[rd] quarter.

About Arvind Limited

Arvind Limited is one of the largest textile companies in India with revenues of USD 1.0 billion. The company is end-to-end supply chain partner to the world’s leading fashion brands.

For more information, please contact:

Khantil Shah

khantil.shah@arvind.in

Mobile: 9920083282