Arvind Ltd. — Earnings Release 2023

Jan 25, 2023

25[th] January, 2023

To,

BSE Limited

Listing Dept. / Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai ‐ 400 001.

Security Code: 500101 Security ID: ARVIND

To,

National Stock Exchange of India Limited

Listing Dept., Exchange Plaza, 5[th] Floor, Plot No. C/1, G. Block, Bandra‐Kurla Complex, Bandra (E), Mumbai ‐ 400 051.

Symbol: ARVIND

Dear Sir/Madam,

Sub: Press / Media Release ‐ Consolidated and Standalone Unaudited Financial Results for quarter ended 31[st] December, 2022

Ref.: Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a copy of the press release being issued by the Company in respect of unaudited financial results for the quarter ended 31[st] December, 2022.

You are requested to bring this to the notice of all concerned.

Thanking you

Yours faithfully, For Arvind Limited

RAMNIK Digitally signed by RAMNIK VASHRAMBHAI VASHRAMBH BHIMANI Date: 2023.01.25 AI BHIMANI 12:19:27 +05'30'

R.V. Bhimani Company Secretary

Encl.: As above

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PRESS RELEASE

Arvind Limited delivers Q3 FY23 results

Ahmedabad, 25[th] January 2023: Arvind Limited has declared its financial results for the third quarter FY 2023.

• Q3 FY23 revenues stood at ₹1980 crores, EBITDA ₹186 crores and PAT ₹75 crores

• AMD continues to grow as planned – 9M revenue up 23%, EBITDA margin improved to near 14%

Performance Highlights

Amidst a difficult demand environment, Arvind Limited delivered good set of results for the quarter ending 31[st] December 2022. Revenues from continuing operations stood at ₹1980 crores, EBITDA at ₹186 crores. Profit after Tax from continuing business and before exceptional item was ₹75 crores. Accounting for one-time items, PAT was reported at ₹84 crores.

Overall textile revenues were lower by 19% as volumes were lower especially in Denim segment. Also, the price realisations started to trend down since Q2 reflecting the recent softness in raw material prices.

Advanced Materials clocked 26% growth for the quarter taking the 9-month growth to 23%. AMD EBITDA margins improved to 13.8% in Q3.

Arvind continued to deliver on its stated objective of reducing its long-term debt. During this quarter, LT debt saw a net reduction of ₹135 crores taking the outstanding to ₹739 crores as of 31[st] December 2022. Overall net debt stood at ₹1504 crores aided by improved working capital turns.

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:

Samir Agrawal

samir.agrawal@arvind.in

Mobile: 9962995606