ARVIND LTD

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•          Arvind LTD is textile manufacturer which includes product as fabric / yarn /garment business.

•          Arvind not only exports to others but also has its own retail channels across India. This show company’s strategy for having its own brand in the market.

•          Its  brands include Flying Machine, Colt and Excalibur plus joint venture in India with Tommy Hilfiger.

•          It has also now entered into e-commerce segment for sales and growth through Creyate (http://beta.creyate.com/en/homepage).

•          Its subsidiary company Arvind Lifestyle Brands Ltd, has tied up with Gap Inc, to open Gap stores in India. The first stores are expected to open in India's two largest cities Mumbai and Delhi. Arvind plans to open about 40 franchise operated Gap stores in India.

•          Company has now entered into franchise business with children’s wear as well called The Children's Place (TCP), the largest American kids speciality apparel retailer.

•          Garment business covering from babies / kids  / adults    - what’s  left now ?

•          Mode of sales – outlets / franchise /  e-commerce – what’s left now ?

•          All the point will be adding +ve value to balance sheet in coming quarters and YOY.

•          You can add this stock as part of textile portfolio.

Q2Q

(in Cr.)	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13
Income Statement
Revenue	1,277.53	1,283.96	1,208.00	1,192.89	1,093.27
Other Income	36.64	21.28	14.61	19.91	24.42
Total Income	1,314.17	1,305.24	1,222.61	1,212.80	1,117.69
Expenditure	-1,076.63	-1,083.32	-1,002.89	-991.14	-918.45
Interest	-79.08	-78.6	-70.56	-76.22	-71.06
PBDT	158.46	143.32	149.16	145.44	128.18
Depreciation	-30.13	-39.32	-40.29	-40.26	-37.64
PBT	128.33	104	108.87	105.18	90.54
Tax	-15	-9.11	-15	-11.9	-11.19
Net Profit	113.33	94.89	93.87	93.28	79.35
Equity	258.21	258.17	258.04	258.04	258.04
EPS	4.39	3.67	3.64	3.61	3.08
CEPS	5.56	5.2	5.2	5.18	4.53
OPM %	18.59	17.28	18.19	18.58	18.22
NPM %	8.87	7.39	7.77	7.82	7.26