India · Delayed Price · Currency is INR Arvind Fashions Earnings Call Transcripts
Fiscal Year 2026
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Q4 and FY 2026 saw 14.8% and 14% revenue growth, with EBITDA and PAT up significantly year-over-year. D2C channels now drive 56% of sales, and ROCE exceeded 23%. FY 2027 guidance targets mid-double-digit growth and further margin expansion.
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Q3 FY26 saw 14.5% revenue growth and 18% EBITDA growth year-over-year, driven by strong direct-to-consumer and retail channels, with U.S. Polo and Flying Machine brands outperforming. Premiumization, channel mix, and inventory strategies supported margin expansion.
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Double-digit revenue and EBITDA growth were achieved, led by direct channels and strong brand performance, especially U.S. Polo and footwear. Margin expansion, improved inventory metrics, and positive outlook for H2 are supported by GST reforms and premiumization trends.
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Q1 FY26 saw 16% revenue and 20% EBITDA growth, led by strong direct channel and brand performance. U.S. Polo, Tommy Hilfiger, and Calvin Klein delivered robust results, while Arrow and Flying Machine showed double-digit retail growth. ROCE exceeded 20% and aggressive marketing investment will continue.
Fiscal Year 2025
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Revenue grew 8.5% in FY 2025 with EBITDA margin up 100 bps and ROCE above 20%. Direct retail and online channels led growth, while adjacent categories now contribute over 20% of revenue. FY 2026 targets 12%-15% revenue growth, supported by continued expansion.
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Q3 FY25 saw 7% sales growth, 11% like-for-like retail growth, and record EBITDA, with direct channels now 55% of revenue. All brands delivered double-digit growth, premiumization and adjacency categories accelerated, and inventory turns improved. ROCE exceeded 19% and guidance for 12%-15% annual growth remains.
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Achieved record sales and EBITDA in Q2 FY25, driven by strong direct channel growth, premiumization, and brand investments. Inventory efficiency, margin expansion, and accelerated store openings support a positive outlook, with a focus on profitable growth and debt reduction.
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Double-digit revenue and EBITDA growth were achieved in Q1 FY25, with gross margin rising to 55.2% and strong performance across brands and channels despite tough market conditions. Online D2C grew over 60%, and retail space expanded by 15%, supporting continued guidance for double-digit growth and margin expansion.