Arvind Fashions Post RS 23 Crore Stand -Alone Loss Loss in June Quarterly

Clothing manufacturer Arvind Fashions LTD has increased a four-time year-on-year (yo-yo) on Monday in independent net losses on RS 22.9 crore for the first quarter that ended on June on a decrease in turnover of 13.5% from the activities on RS 118.2 Crore. The company gave no reason behind this fall.

On a consolidated basis, the net profit of Arvind Fashions for the first quarter, however, went back to RS 13 Crore compared to RS 1 Crore per year. Consolidated turnover rose by 16% yo -yo of RS 1,107 crore. No reason was shared for these better performance at a consolidated level.

Arvind Fashions Managing Director Shailesh Chaturvedi said that the first quarter reported a clear start of the financial year with the turnover growth of 16%.

“This is a testimony to our conscious efforts to invest in higher marketing to realize our leading leading brands, which leads to strong consciousness and higher footsteps together with market share profits. Persur will continue to concentrate on our direct channel strategy that results in higher Bottom-line & ROCE).”

The growth of the company for the online channel was 30%plus. The contribution of the online B2C channel rose from 13% to 15% in the quarter that was assessed last tax in the same period. On Monday, the share price of Arvind Fashion LTD fell by 0.1% on the BSE at RS 499.45.