Date: October 28, 2026

Financial Performance Summary

Consolidated Results (YoY Comparison):

| Particulars | Q2 FY26 | Q2 FY27 | YoY Change | H1 FY26 | H1 FY27 | YoY Change |

| Revenue | ₹2371 Cr | ₹2919 Cr | 23% | ₹4377 Cr | ₹5420 Cr | 24% |

| EBITDA | ₹262 Cr | ₹331 Cr | 27% | ₹448 Cr | ₹590 Cr | 32% |

| EBITDA % | 11.0% | 11.4% | 40 bps | 10.2% | 10.9% | 70 bps |

| PAT | ₹107 Cr | ₹123 Cr | 16% | ₹161 Cr | ₹204 Cr | 26% |

Excluding Dalco-GFT Performance:

  • Revenue: ₹2,663 Cr (up 12% YoY)
  • EBITDA: ₹290 Cr (up 11% YoY)

Segment-wise Performance

Textile Division:

  • Revenue: ₹1,999 Cr (up 11% YoY)
  • EBITDA: ₹190 Cr
  • Margin pressure: ~75 bps impact due to input cost rise
  • Reported revenue stood at ₹2146 Cr for Q2 FY27, with ₹147 Cr representing inter-segment sales eliminated

Garmenting Division:

  • Revenue: ₹577 Cr
  • Volume: 11 Mn pieces (3% growth)

Advanced Materials Business (AMB):

  • Revenue: ₹805 Cr (up 81% YoY)
  • EBITDA: ₹119 Cr (up 97% YoY)
  • Margin: 15%
  • AMB India Business:
  • Revenue: ₹550 Cr (up 23% YoY)
  • EBITDA: ₹78 Cr (up 29% YoY)
  • Margin: 14%

Dalco-GFT:

  • Revenue: ₹256 Cr
  • EBITDA: ₹41 Cr
  • Margin: 16%

Operational Metrics

Volume Data:

  • Denim fabric volumes: 18 Mn metres (19% growth)
  • Woven fabric volumes: 34 Mn metres
  • Garmenting volumes: 11 Mn pieces (3% growth)

Protective Gear Segment: Robust traction with continued investment in capability building and new product development

Capital Expenditure

  • H1 FY27 Capex: ₹372 Cr across various projects
  • Full Year FY27 Capex Guidance: Expected to cross ₹500 Cr

Strategic Developments

Expansion Projects:

  • Phase 1 of greenfield garment manufacturing facility in Varanasi, Uttar Pradesh commissioned
  • Expected revenue at full utilization: ₹250 Cr
  • European presence established with denim design and marketing hub in Amsterdam

Credit Rating Update:

  • Care Rating upgraded credit rating from "AA-" to "AA" with stable outlook

Business Environment Context

  • First half impacted by Middle East-led volatility in energy, freight and input costs
  • Cautious demand in key Western markets
  • India benefited from favorable trade position and stronger festive order inflows
  • Integrated textile value chain and growing Advanced Materials business supported performance

Q3 FY27 Guidance

Overall Challenges:

  • Raw material cost inflation continues to pressure margins
  • Ongoing global uncertainties and cautious consumer demand pose near-term challenges
  • Healthy demand trends in select end-use sectors

Segment-specific Guidance:

  • AMB India Business: Expected to achieve ~18% Revenue and EBITDA growth with stable margin of 14-15%
  • Dalco Integration: Capex programs preponed to foster growth with 15%-16% margin
  • Textile Segment: Expected early double-digit revenue growth, margins may remain at current levels due to elevated cost scenario

Capex Outlook: All ongoing capex programs are on track

Company Description

Arvind Limited is an integrated textile to retail conglomerate with focus on textiles, apparels, advanced materials, environmental solutions, telecom and Omnichannel commerce. The company has strong fiber to fashion capabilities for a global customer base and ranks amongst the top suppliers of fabric worldwide.