Arvind Ltd. — Earnings Release 2025

Jan 28, 2025

28[th] January, 2025

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 the quarter and nine months ended on 31[st] December, 2024

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, 2024.

You are requested to take the same on records.

Thanking you.

Yours faithfully, For Arvind Limited

KRUNAL Digitally signed by KRUNAL DEVENDRAK DEVENDRAKUMAR BHATT Date: 2025.01.28 13:21:07 UMAR BHATT +05'30'

Krunal Bhatt Company Secretary

Encl.: As above.

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PRESS RELEASE

Arvind reports double digit growth in Revenue & PAT

• Highlights for Q3 FY25 (Comparison on a YoY basis):

• Consolidated Revenue stood at ₹2,089 Cr, a growth of 11%

• Consolidated EBITDA of ₹237 Cr a growth of 10%, margin of 11.3%

• Garmenting volume 9+ mn pcs fourth quarters in a row, a growth of 21%

• No 1 rank in India and Globally 7[th] in its sustainability score by S&P-DJSI

Ahmedabad, 28[th] January 2025: Arvind Ltd, India's leading textile and apparel company, today announced its financial results for the third quarter and nine months of Financial Year 2024-25. The quarter ended December 31, 2024, saw the company continue to build on its momentum, driven by strong performance across its various business segments. The results reflect the company's focus on innovation, sustainability, and customer-centricity, and demonstrate its ability to navigate the evolving market landscape.

₹ in Cr

Particulars	Q3 FY24	Q3 FY25	YoY Change
Revenue	1,888	2,089	11%
EBITDA	216	237	10%
EBITDA %	11.4%	11.3%	-
PAT	92	103	13%

Arvind’s journey in nine months of FY25, faced several obstacles and challenges as well as opportunities, which culminated in good progress on all aspects and is in line with our longterm goals of transiting to the next orbit of becoming an integrated Textile powerhouse. In quarter three of FY25, Arvind Ltd performed in line with the guidance for the financial year 2024-25 and achieved a superior performance on a year-on-year basis. While the company recovered fully from challenges faced in quarter one & two and made significant progress on its growth journey, it however faced mutated growth at AMD, while other business-like Garmenting registered a 21% volume growth. Volume gains were reported across all segments, including Fabric, Garmenting, and AMD, supported by stable raw material costs and a favourable product mix.

Business Highlights for Q3 FY25

• Woven fabric which is running at 100%+ utilization, achieved a volume of 35 mn meters, a growth of 7% on a year-on-year basis. This is the highest volume in past three years.

• Despite a weak season for Denim products, Denim fabric volume registered a growth of 19% on a y-o-y basis.

• The Garmenting division achieved a full garment volume of 9.3 mn pieces which is a growth of 21% on a y-o-y basis, and the current product mix trend shows a higher percentage of Knitted products in the overall basket.

Volume growth in Textile is attributed to our strategy of continuous impetus on innovation, new customer acquisition, diversification of product category and an overall better demand scenario. This also reflects the success of our verticalization strategy.

• The AMD division reported a modest 9% growth this quarter. This is mainly attributed to the largest division of protective clothing witnessing change in product mix skewed towards lower value items thus diluting value of growth in-spite of good volume growth. Also, there is realignment of Mass Transport and Industrial segment of the business which continues to witness order deferments due to its dependency on new capex cycle. The outlook however for the said units is positive and is expected to be better in quarter four.

Financial Highlights for Q3 FY25

• Consolidated Revenue and EBITDA for the quarter stood at ₹2,089 Cr and ₹237 Cr, which is a growth of 11% and 10% respectively. EBITDA margin at 11.3%.

• Textile division Revenue grew by 11% and stood ₹1,577 Cr with an EBITDA of ₹177 Cr translating in to the EBITDA margin of 11.2%.,

• AMD reported a revenue of ₹376 Cr which is a growth of 9%. EBITDA for the same period stood at ₹57 Cr with a stable margin of 15%.

• Highest Profit after tax in ten quarters of ₹103 Cr a growth of 13%.

• ROCE on a run rate basis increased by 170 bps and reached 14.6%.

• The company has spent ₹349 Cr in various capex projects in nine months of FY25.

• Net debt higher by ₹36 Cr (QoQ basis) and stood at ₹1,345 Cr, mostly due to increase in working capital debt.

Other highlights

• Arvind ltd retained its numero uno position in Global Sustainability Assessment by S&P (DJSI), and ranked #1 in India and #7 globally. This achievement is not only a

recognition of the efforts of the company but also reaffirms its commitment to sustainable development as a corner stone of its business model.

• Arvind’s Integrated Annual Report 2024 has won the Gold Award at the prestigious LACP Spotlight Awards, ranking among the Top 100 Annual Reports globally. The League of American Communications Professionals (LACP) is the world's most popular awards platform for publications, attracting entries from 40 countries and top Fortune 500 firms. With over 18,000 entries judged.

Guidance for Q4 and full year FY25

• Textile division has a robust orderbook, thus, it will continue to do well.

• All indications showing upward momentum in AMD and is expected to regain its growth trajectory.

• The capex programs for FY25 are in full steam and expected to touch ₹400-₹450 Cr.

The company will continue its growth momentum in the financial year 2025-26, while improving the margin and move towards a targeted ROCE profile of 20%+. We remain steadfast in our goal of investing in our future and improving value for all our stakeholders.

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.