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Arvind Fashions Q2 loss widens five fold year-on-year to Rs 218 cr

Appoints Shailesh Chaturvedi as MD and CEO with effect from February 2021

Arvind Limited, Arvind fashions limited, branded apparel, retail, engineering, textiles, retail business, anup engineering

premium

With the pandemic severely impacting the fashion business, the scenario had led to lower sales, resulting into inventory build-up and slower collection of receivables

Vinay Umarji Ahmedabad

4 min read Last Updated : Nov 12 2020 | 10:21 PM IST

Amid a severe impact of Covid-19 pandemic on apparel retail in the country, fashion denim and premium casual wear company Arvind Fashions Ltd has registered a consolidated loss after tax of Rs 217.79 crore for the quarter ended September 30, 2020 in financial year 2020-21. The company had posted a consolidated loss after tax of Rs 45.57 crore in the corresponding quarter of previous fiscal year 2019-20.

The company's consolidated total income also fell from Rs 1055.87 in Q2 of previous fiscal year 2019-20 to Rs 463.81 crore in Q2 of current FY 2020-21.

With the pandemic severely impacting the

Topics : Arvind Fashions Q2 results