Arvind Fashions posts Q3 net of Rs 6 crore after narrowing biz

Having raised funds to deleverage, it had exited certain brands to focus on only six marquee ones: US Polo Association, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger and beauty brand Sephora

After narrowing its business down to branded apparel early in the current fiscal year 2021-22, Arvind Fashions Ltd. (AFL) has registered a consolidated net profit of Rs 6 crore in the third quarter ended December 31, 2021.

Having raised funds to deleverage, AFL had exited certain brands and businesses to focus on only six marquee brands including US Polo Association, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger and beauty brand Sephora to yield profitability and untapped growth.

The efforts to narrow its focus seem to have worked since AFL had incurred a net loss of Rs 68