Arvind fashions post 23 crore single net loss in the June quarter

Apparel manufacturer Arvind Fashions Limited has increased the single net loss in a fourfold year-by-year-year (YO) by Rs 22.9 crore on Monday, which ends 13.5% of the Yoy reduction of 13.5% of the first quarter in the first quarter of June. The company did not give any reason behind the fall.

However, on a unified basis, the net profit of Arvind fashions in the first quarter was Rs. 1 crore has reached Rs 13 crore. Consolidated revenue increased by 16% yo to Rs 1,107 crore. No reason has been shared for this better performance at a unified level.

Shailesh Chaturvedi, managing director of Arvind Fashions, said that the first quarter had a brilliant start in the economic year, with revenue growth reaching 16%.

“This is the testimony of our conscious efforts to invest in high marketing to re-encourage our industry’s leading brands, leading to strong awareness and footwear with market share benefits. We will continue to focus on our direct channel strategy, resulting in high bottom and capital.”

The company’s growth for the Channel Neline Channel was 30%-Plus. The contribution of the B Neline B2C channel was 13% to 15% in the quarter under review in the last financial year. On Monday, Arvind Fashion Limited stock was down 0.1% on BSE at Rs 499.45.