Latest Updates on Arvind Limited
Arvind on 24th May 2017 confirms that they will send 10 mn on
Ecommerce vertical (online business) in FY17.
Company had spent over million plus in last year. Arvind owns
and manages parnerships with multiple local and global brands
like Flying Machine, Arrow, US Polo, Tommy Hilfiger, Gant,
Nautica and Gap. Last year in September 2016 company acquired
Share price of Arvind on 24th May 2017 closed negative at Rs.356.35 at NSE. Market analysis are feeling bulling in Arvind from current levels.
ARVIND has posted
its Q4 numbers on 11th May 2017. Company has declared a net
profit fall of 0.92% to Rs.96.92 cr ended March 2017 on account
of higher expenses. In last fiscal company had posted a net
profit of Rs. 97.82 cr.
Arvind Ltd Director and Chief Financial Officer Jayesh Shah said: "In the context of demonetisation and sharp increase in cotton prices as well as appreciation of rupee, our performance is quite satisfactory."
He further said: "We will continue to have a double digit growth in the current financial year led by robust growth in our brand and retail business".
Share price of Arvind Ltd closed at Rs. 407.65 down by 3.11% on BSE.