Retail LFL Growth
7.8%
+7.8pp YoY
Same-store sales growth in retail for Q4 FY26.
ARVINDFASHIONS
Consumer
2026-04-??
Arvind Fashions Ltd — Q4 FY26
Arvind Fashions delivered a strong Q4 FY26 with revenue of ₹1,365 crore (+14.8% YoY) and EBITDA of ₹189 crore (+19% YoY), with 50bps margin expansion to 13.8%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Arvind Fashions delivered a strong Q4 FY26 with revenue of ₹1,365 crore (+14.8% YoY) and EBITDA of ₹189 crore (+19% YoY), with 50bps margin expansion to 13.8%. PAT surged 56% YoY to ₹47 crore. Growth was broad-based: retail LFL of 7.8%, online B2C up 40%+, and D2C share reached 56% (+300bps). USPA led brand performance; Flying Machine rebounded with double-digit LFL and 70% B2C growth. Management guided for mid-double-digit revenue growth in FY27 with another 30-40bps EBITDA margin expansion, supported by D2C mix shift, cost controls, and selective price hikes. Key risk: potential consumption slowdown from inflationary pressures and West Asia tensions, though mitigation actions (early inventory, India sourcing) are in place.
Key Numbers
Online B2C Growth
40%+
+40% YoY
Online direct-to-consumer channel grew over 40% in Q4.
D2C Share of Sales
56%
+300bps YoY
Direct channels (retail + online) now account for 56% of revenue.
Adjacency Share of Business
24%
+25% YoY
Non-menswear categories (footwear, innerwear) grew 25% and now contribute 24%.
Management Guidance
Mid-double-digit revenue growth in FY27
Management expects to sustain mid-double-digit revenue growth in fiscal 2027, driven by 7-8% LFL and store expansion.
Management guidance revenue30-40 bps EBITDA margin expansion in FY27
Despite macro uncertainties, the company expects another 30-40 basis points of EBITDA margin improvement.
Management guidance margins1.5 lakh net sq ft retail space addition in FY27
Plans to add approximately 1.5 lakh net square feet of retail space across the portfolio.
Management guidance expansionEach brand to have own .com and app live in FY27
The company expects each of its five brands to have its own website and app operational during the fiscal year.
Management guidance ai_strategyKey Risks
Consumption slowdown due to inflationary pressures
Management flagged risk of consumption slowdown from supply-side inflation, though mitigation actions are in place.
medium · management_commentaryWest Asia tensions impacting raw materials and forex
Geopolitical situation in West Asia could cause mild pressure on raw materials, forex, and capex over the medium term.
medium · management_commentaryInventory days increase due to channel mix shift
Analyst raised concern about inventory days rising ~20 days over two years; management attributed to D2C mix and early inwards, but net working capital stable.
low · analyst_questionGST rate change impact on PVH brands
Transitory GST slab movement to 18% impacted PVH brands for a few weeks, but both brands are back to double-digit growth.
low · management_commentaryNotable Quotes
Our D2C engine is compounding. Direct channels now account for 56% of sales, up 300 basis points year on year.
We expect to sustain mid double-digit growth with another 30 to 40 basis points of EBITDA margin expansion despite a more uncertain macro.
Flying machine clocked retail LTL of double digits and a B2C growth of 70%.
Frequently Asked Questions
What was Arvind Fashions's revenue in Q4 FY26?
Arvind Fashions reported revenue of ₹1,365 Cr in Q4 FY26, representing a +14.8% change compared to the same quarter last year.
What guidance did Arvind Fashions management give for FY27?
Mid-double-digit revenue growth in FY27: Management expects to sustain mid-double-digit revenue growth in fiscal 2027, driven by 7-8% LFL and store expansion. 30-40 bps EBITDA margin expansion in FY27: Despite macro uncertainties, the company expects another 30-40 basis points of EBITDA margin improvement. 1.5 lakh net sq ft retail space addition in FY27: Plans to add approximately 1.5 lakh net square feet of retail space across the portfolio. Each brand to have own .com and app live in FY27: The company expects each of its five brands to have its own website and app operational during the fiscal year.
What are the key risks for Arvind Fashions in FY27?
Key risks include Consumption slowdown due to inflationary pressures — Management flagged risk of consumption slowdown from supply-side inflation, though mitigation actions are in place.; West Asia tensions impacting raw materials and forex — Geopolitical situation in West Asia could cause mild pressure on raw materials, forex, and capex over the medium term.; Inventory days increase due to channel mix shift — Analyst raised concern about inventory days rising ~20 days over two years; management attributed to D2C mix and early inwards, but net working capital stable.; GST rate change impact on PVH brands — Transitory GST slab movement to 18% impacted PVH brands for a few weeks, but both brands are back to double-digit growth..
Did Arvind Fashions meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Arvind Fashions Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.