Arvind Ltd. — Regulatory Filings 2021

Aug 5, 2021

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PRESS RELEASE

Arvind Limited strong results for Q1 FY22

Ahmedabad, 5[th] August 2021: Arvind Limited has declared its financial results for the first quarter of FY 2022.

• Q1 revenues stood at ₹ 1439 crores and EBITDA at ₹104 crores

• EBITDA margin was 7.2% compared to -4.8% last year

• Strong Export demand and continuing momentum towards an overall robust Q2

• Advance Material Business to grow at 25% for current FY

• Debt expected to further reduce during the year.

Performance Highlights

Denim volumes grew 2.8x on YoY basis; Woven volumes 3.3x and Garment volumes 1.8x. EBITDA margins in Textiles stood at 8.9%. Input costs continued to increase sharply, but were partially offset by improved price realization and higher efficiencies. Textile performance was relatively strong given the impact of wave 2, both in domestic markets as well as factory closures that impacted supply side.

Advanced Materials, delivered a robust quarter, and revenues stood at INR 193 crores. EBITDA for AMD for the quarter was 13%.

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