Arvind Ltd. — Regulatory Filings 2021

Feb 4, 2021

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PRESS RELEASE

Arvind Limited Q3 results meet guidance

Ahmedabad, 04[th] Feb 2021: Arvind Limited has declared its financial results for the third quarter of FY 2021.

• Q3 revenues stood at INR 1514 crores, and EBITDA at INR 176 crores

• Net borrowings reduced by INR 197 crores during the quarter

Performance Highlights

• Denim volumes have recovered to 88% of previous year in Q3; Woven volumes recovered to ~77% and garment volumes stood at 89% of previous year Q3

• EBITDA margins in Textiles improved sequentially to 12.4% as compared to 11.6% in Q2, despite significant pressure on all input costs including cotton, yarns, dyes, chemicals, packaging and transport

• For Advanced Materials, both revenues and EBITDA margins improved as compared to previous year, and stood at INR 188 crores and 14.6%, for the third quarter

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