Arvind Ltd. — Earnings Release 2024

Jan 30, 2024

30[th] January 2024

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 Release - Unaudited Financial Results for quarter and nine months ended 31[st] December 2023

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 and nine months ended on 31[st] December, 2023.

You are requested to take the same on records.

Thanking you

Yours faithfully, For Arvind Limited

RAMNIK Digitally signed by RAMNIK VASHRAMBHAI VASHRAMBHAI BHIMANI BHIMANI Date: 2024.01.30 11:48:03 +05'30' R.V. Bhimani Company Secretary

Encl.: As above

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PRESS RELEASE

Arvind delivers Strong Margins and PAT in Q3 FY24

Highlights (comparison on a YoY basis):

• Overall revenues stood at ₹1888 Cr

• Overall EBITDA grew by 16% to reach ₹216 Cr, PAT grew by 22% to ₹92 Cr

• Overall margin improved by 200 bps to reach 11.4%

• Arvind Ltd is ranked # 1 in India (#7 globally) as per latest S&P (DJSI)’s Corporate Sustainability Assessment report

Ahmedabad, 30[th] Jan 2024: Arvind Limited today announced its financial results for the third quarter and nine months of the Financial Year 2023-24.

Business Highlights for Q3 FY24

Arvind Ltd delivered a robust performance amid continued challenging environment. Overall Revenue for the quarter stood at ₹1888 Cr against ₹1980 Cr in Q3 FY23. Volumes clocked a healthy growth across most businesses, though deflated prices driven by lower input costs kept the revenue numbers muted. EBITDA during the period reached ₹216 Cr, which is a growth of 16%, while Profit after tax stood at ₹92 crores which is a growth of 22% on year on year basis. EBITDA margin of the overall business increased by 200 bps on a year on year basis to reach 11.4%.

Textile Revenue stood at ₹1426 Cr with an EBITDA of ₹168 Cr translating in to the EBITDA margin of 11.8%, which is the highest in past twelve quarters. Textile margin improved by 140 bps on a YoY basis on account of efficiency gains and softening of input costs.

Advanced Materials Division delivered revenue of ₹345 Cr with an EBITDA of ₹52 Cr for the quarter, translating into an EBITDA margin of 15.2%. AMD margin improved by 150 bps on a YoY basis.

Other Highlights for Q3 FY24

As per the recent publication of Global Sustainability Assessment by S&P (DJSI), Arvind Ltd ranked #1 in India and #7 globally.

On January 13, 2024, Arvind Ltd and Gap Inc., inaugurated the new Global Water Innovation Centre for Action (GWICA), which is situated at Arvind's Santej premises. GWICA will be an innovation hub for apparel companies, manufacturing suppliers and vendors, sustainability experts, academics, and other environmental stakeholders to advance and scale water stewardship across the apparel sector.

Guidance for Q4 FY24

Basis order book and pipeline, we expect Q4 FY24 to deliver better results across key parameters of volume/revenue growth, healthy margins and returns. Capex program of

Email id: investor@arvind.in

Arvind Limited, Naroda Road, Ahmedabad, 380025, India Tel: +91 79 68268000 CIN: L17119GJ1931PLC000093

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₹300 Cr primarily focused towards AMD and Garmenting capacity expansion is on track. With resumed investments for growth, we expect our long term borrowing to close the year within ₹400 Cr mark.

About Arvind Ltd

Arvind is a textile to retail conglomerate with focus on textiles, apparels, advanced materials, environmental solutions, telecom and Omni-channel commerce. Arvind Limited is an integrated solutions provider in textiles with strong fibre to fashion capabilities for a global customer base. It is also a design powerhouse implementing innovative concepts and generating intellectual property. It ranks amongst the top suppliers of fabric worldwide. The company strives every day to create opportunities beyond conventional boundaries and believes that the possibilities are endless. For more information, please visit https://www.arvind.com/

For further information please contact: Satya Prakash Mishra Head - Investor Relations (Mobile: 7036228882) Satyaprakash.mishra@arvind.in

Disclaimer:

Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of Arvind Limited or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

Email id: investor@arvind.in

Arvind Limited, Naroda Road, Ahmedabad, 380025, India Tel: +91 79 68268000 CIN: L17119GJ1931PLC000093