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Revenue
₹1,377 Cr
verified against source
Revenue YoY
14.5%
reported change
EBITDA
₹195 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Arvind Fashions delivered a strong Q3 FY26 with revenue of ₹1,377 crore (+14.5% YoY) and EBITDA of ₹195 crore (+18.2% YoY), driven by 8.2% like-for-like retail growth and ~50% online B2C growth. PAT (ex-wage code charge) surged 65% YoY to ₹44 crore, reflecting operating leverage. US Polo led with 25% growth, while Flying Machine showed early turnaround signs with 17% LFL. Management guided for 12-15% revenue growth and >15% EBITDA growth, with 1.5 lakh sq ft store expansion on track. Key risk: PVH brand disruption from GST hike and Bangladesh supply chain uncertainty may temper near-term momentum.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to maintain double-digit revenue growth in the 12-15% range for the near term.
- EBITDA is expected to grow faster than revenue, with operating leverage driving margin expansion.
- The company is on track to add 1.5 lakh square feet of retail space in the current fiscal year.
- Flying Machine will launch its dedicated D2C website in fiscal 2027 to directly engage Gen Z consumers.
Risks flagged
- GST on PVH brands increased from 12% to 18%, causing a temporary demand slowdown. Recovery is underway but may impact near-term growth.
- Inventory was built up to derisk potential disruptions from Bangladesh elections in February, as 15% of product comes from there. This elevated inventory levels.
- Flying Machine has been sub-scale (~₹400 crore) for years. Despite green shoots, profitability is still 2-3 quarters away, and brand revival may take longer.
- Employee costs grew 23% YoY due to one-off welfare expenses and hiring for data/AI. If sustained, it could pressure margins.
Key quotes
- We have grown at consistent double-digit growth rates over the past few quarters, which demonstrates that our growth drivers have fallen in place.
- Our strategy is to pivot our online sales towards online B2C and that is also yielding really good results. Our online B2C grew by nearly 50% taking its share to 17% with significant improvement in channel margin.
- We believe that flying machine offers a tremendous growth opportunity and going ahead, it will operate with a very sharply positioned role. A Gen Z focused unisex fashion brand anchored in on-trend expression with denim at its core.
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