Arvind Ltd. — Earnings Release 2021

Oct 29, 2020

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PRESS RELEASE

Arvind Limited Q2 results reflect continuing recovery

Ahmedabad, 29[th] Oct 2020: Arvind Limited has declared its financial results for the second quarter of FY 2021.

• Q2 revenues stood at INR 1305 crores, and EBITDA at INR 122 crores

• Net borrowings lower by ~100 crores compared to March 31[st] 2020 levels

Performance Highlights

• Denim volumes have recovered to around 80% of previous year in Q2; Woven volumes recovered to ~60% and garment volumes stood at 66% of previous year Q2

• EBITDA margins in Textiles stood at a healthy 11.6% as compared to 10.8% in Q2 of FY20

• For Advanced Materials, Q2 revenues stood at 186 crores and EBITDA margins stood at ~15% - both these were slightly higher than corresponding numbers for Q2 of previous year

About Arvind Limited

Arvind Limited is the largest textile company 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