BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Arvind Fashions Ltd.’s Q3 FY22 revenues grew 30% YoY and were 20% ahead of pre-Covid-19 levels, led by strong retail channel sales due to festive / wedding season.
Exclusive brand outlets witnessed healthy recovery, while department store sales remained muted.
Arvind Fashions' online sales more than doubled versus pre-Covid and are now stabilising at 25-30% of sales.
Though gross and Ebitda (including other income) margins expanded 330 basis points and 200 bps YoY to 45.6% and 10.5% respectively – the same are still lower than most peers.
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