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Corporate Update

Arvind Ltd Plans Sizeable Investment In Technical Textiles, Garments and Renewable Energy

Arvind Ltd., backed by the robust performance in the final quarter of FY 2023-24 and on the basis of current order bookings in the pipeline, expects to deliver a stronger financial result across the key parameters of volume and revenue resulting in growth in EBITDA with healthy margins and returns in FY25.

Arvind Ltd expects to grow their traditional textile business at a rate aligned to India’s GDP, while the Advanced Material Division business is expected to grow at 20% CAGR.

Sanjay Lalbhai led group has chalked out a new growth path with flexible capex programme for next three years till FY27. An investment between Rs 400-450 crore is budgeted in the current financial year which would go towards capacity enhancement in AMD (Advanced Material Division), garments and augment product differentiation capabilities in fabric business.

Part of the capex also include investment in sustainable programmes like renewable energy, which would help Arvind’s share of renewable power to improve from the current 47% to go close to 90%.

Arvind aims to fund the capex plan mostly from internal accruals keeping long term debt at current levels. With resumed investments in growth, incremental profitability, margins and improving financial position, Arvind is rightfully on its way to reach a ROCE profile of 20%+ and touch new heights in all-round value creation for the stakeholders.

An investment between Rs 400-450 crore is budgeted in F2Y5 which would go towards capacity enhancement in AMD (Advanced Material Division), garments and augment product differentiation capabilities in fabric business. Part of the capex also include investment in sustainable programmes like renewable energy, which would help Arvind’s share of renewable power to improve from the current 47% to go close to 90%.

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