Risks
3 risks
Risk Intelligence
Wholesale channel destocking due to GST transition
View Risks →Arvind Fashions Limited — Q2 FY26
Arvind Fashions delivered another quarter of double-digit revenue growth, with revenue up 11.3% YoY to ₹1,418 crore and EBITDA up 18.2% to ₹200 crore, marking the highest ever sales and EBITDA.
bullish
high
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Arvind Fashions delivered another quarter of double-digit revenue growth, with revenue up 11.3% YoY to ₹1,418 crore and EBITDA up 18.2% to ₹200 crore, marking the highest ever sales and EBITDA. Growth was driven by strong retail like-for-like sales of 8.3% and over 50% growth in online B2C, with direct channels now accounting for nearly 50% of sales. Gross margin expanded 210 bps to ~53% due to reduced discounting and better inventory freshness (85%+). PAT grew 23% to ₹37 crore. Management remains optimistic about H2, citing a strong wedding calendar and GST reforms, but expects to invest in marketing, which may temper margin expansion. Key risk: wholesale channel destocking due to GST transition could persist.
अरविंड फैशन्स ने एक और तिमाही में दोहरे अंकों की कमाई बढ़त दर्ज की। कमाई 11.3% बढ़कर ₹1,418 करोड़ और EBITDA (कमाई से खर्च घटाने के बाद का मुनाफा) 18.2% बढ़कर ₹200 करोड़ हुआ, जो अब तक का सबसे अधिक है। यह बढ़त मुख्य रूप से दुकानों की बिक्री में 8.3% सुधार और ऑनलाइन बिक्री में 50% से अधिक उछाल से आई। अब सीधे चैनलों (दुकान और ऑनलाइन) से लगभग 50% बिक्री हो रही है। कम छूट और बेहतर इन्वेंट्री (स्टॉक) के कारण कच्चा मुनाफा 53% तक पहुंच गया। शुद्ध मुनाफा 23% बढ़कर ₹37 करोड़ हुआ। कंपनी को शादियों के सीजन और GST सुधारों से उम्मीद है, लेकिन मार्केटिंग पर ज्यादा खर्च से मुनाफा बढ़ने की रफ्तार धीमी हो सकती है। जोखिम: थोक बिक्री में GST बदलाव के कारण स्टॉक कम हो सकता है।
Risks3 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Retail LFL Growth
8.3%
+8.3pp YoY
Healthy like-for-like growth in retail channel, indicating strong underlying demand.
Online B2C Growth
50%+
+50pp YoY
Online B2C channel grew over 50%, taking its share to 12% of sales.
Gross Margin
53%
+210bps YoY
Gross margin improved 210 bps to nearly 53% due to reduced discounting and better mix.
Inventory Freshness
85%+
+15pp YoY
Inventory freshness at all-time high of over 85%, reflecting better inventory management.
Fast read
Guidance and risk preview
Management reiterated target to add about 1.5 lakh net square feet of retail space in FY26, with 74,000 sq ft added in H1.
Wholesale channel growth was minimally impacted in Q2 due to destocking from GST reforms; recovery expected in H2 but may be delayed.
View Risks →