Arvind's Q2 profit rises 18% to Rs 730 mn, revenue up 12% to Rs 30.53 bn

Arvind Ltd stated that while it expected a growth of 10% for the current financial year for its existing businesses, the demerging branded apparel business is expected to grow at 20%

Textile conglomerate Arvind Ltd saw its profit after tax (PAT) after exceptional items grow by 18 per cent for the second quarter ended September 30, 2018, for the financial year 2018-19. The PAT after exceptional items stood at Rs 730 million for Q2 of FY'19 as against Rs 620 million for Q2 for FY'18.      

In view of NCLT having approved the scheme of demerger for the flagship company's branded apparels and engineering businesses, the reported financial statements by Arvind Ltd reflected figures for continuing businesses only.

Financial figures, without giving the effect of the demerger, saw Arvind Ltd's revenue from