Mumbai : Arvind Limited registered an all-round strong operational and financial performance in Q4 of FY24. The strategy of verticalization through One Arvind, product mix optimization and business model transition to a customer-centric approach has been enabling growth engines and started yielding tangible results. Business Highlights for Q4 & Full year FY24 (YoY) During quarter four of FY24, a strong performance was delivered by Arvind Ltd, as guided during earlier quarters, amidst sustained challenges in the global geopolitics and macroeconomic environment, with volumes across segments of Textile and Advanced Material division (AMD) clocking a healthy growth. While Denim registers a 13% growth, Full Garments registers 41% growth and, AMD combined product volume registers 17% growth. This volume growth led to a healthy revenue growth in Q4. Overall Revenue for the quarter stood at ₹2075 Cr against ₹1881 Cr in Q4 FY23, which is a growth of 10% on a YoY basis. Full year FY24 revenue stood at ₹7738 Cr Revenue for Q4 and full year FY24 includes proceeds from sale of land (Forreste Project) of ₹32 Cr. Growth in volume and operational efficiency resulted in a record EBITDA, during the quarter, of ₹243 Cr, which is a growth of 27% on a YoY basis. Full year EBITDA reached a milestone of ₹845 Cr which is a growth of 6% on a YoY basis. EBITDA for Q4 and full year FY24 includes profit on account of sale of land (Foreste Project) of ₹6 Cr. Improvement of margin in Textile due to lower input costs, improvement in efficiencies in Garments division and operating leverage in AMD led to ~156 bps, improvement in overall EBITDA margin to reach 11.7% in Q4 FY24. Profit after tax during the quarter gone by, is in line the growth in revenue and stood at ₹99 Cr which is a growth of 19% on YoY basis. Full year PAT stood at ₹334 Cr
