Event Type: Q1 FY27 Earnings Conference Call with Analysts and Investors

Date and Time: The conference call was held on Wednesday, July 22, 2026 at 02:00 P.M IST

Purpose: To discuss the financial performance of the Company for the first quarter ended on June 30, 2026

Management Participants:

  • Mr. Kulin Lalbhai – Vice Chairman and Non-Executive Director
  • Ms. Amisha Jain – Managing Director and Chief Executive Officer
  • Mr. Girdhar Chitlangia – Chief Financial Officer

Financial Period Discussed: Q1 FY27 (quarter ended June 30, 2026)

Availability of Materials: The results, press release and earnings presentation were made available on the company website www.arvindfashions.com prior to the call. The transcript of the conference call is being uploaded on the company website.

Compliance Statement: The company noted that some statements made during the call may be forward-looking in nature and must be viewed in conjunction with the risks and uncertainties faced by the company. A detailed statement of these risks is available in the quarter's earnings presentation.

Financial Highlights Discussed:

  • Revenue growth of 15.5% with net sales value at ₹1,279 crores versus ₹1,107 crores in Q1 FY26
  • EBITDA growth of 19.6% with EBITDA (excluding other income) at ₹160 crores versus ₹133 crores last year
  • EBITDA margin expansion of 44 basis points
  • PAT of approximately ₹10 crores versus ₹13 crores in Q1 last year (attributed to lower other income)
  • Gross margin improvement of approximately 90 basis points to 56.7%
  • Direct-to-consumer channels now account for 62% of sales (up 380 basis points YoY)
  • Retail growth of 18% with like-for-like growth of 11.6%
  • Online B2C growth of 38%, taking its share of revenue to 18% from 15% a year ago
  • Added 23 Exclusive Brand Outlets (EBOs) during the quarter

Strategic and Operational Updates:

  • Organization restructuring completed with move to business unit structure for sharper accountability
  • Centralized consumer brand marketing, digital, data and AI initiatives
  • Investments in analytics technology and AI showing early results in reduced discounting and pricing optimization
  • U.S. Polo Association delivered exceptional growth despite high base in Q1 FY26
  • PVH brands (Tommy Hilfiger and Calvin Klein) back on growth after absorbing GST changes impact
  • Flying Machine clocking double-digit growth since acquisition of residual stake
  • Plans to launch Flying Machine dotcom and app in H2 FY27

Forward-Looking Guidance:

  • Confident of sustaining mid-double-digit revenue growth in the balance of the year
  • Expecting 30 to 40 basis points of EBITDA margin expansion

Macro Environment Watch Items:

  • Continuing West Asia conflict impacting supply lines, raw material, fuel prices, and forex rates
  • Inflationary pressures from wage hikes across multiple states and adverse forex
  • Active steps being taken to mitigate impacts including tight cost control and possible price revisions

Additional Notes Section

The document includes the complete transcript of the earnings conference call with detailed Q&A session covering topics such as D2C strategy, pricing, inventory management, brand performance, store expansion plans, and competitive landscape.