Arvind Ltd reports Q2 net profit drop of 25.44%, but revenue rises due to volume gains across all segments.

Arvind Ltd reported a 25.44% drop in consolidated net profit to Rs 62.77 crore for Q2 ending September 30, 2024, due to rising costs and a one-time deferred tax provision. However, revenues rose to Rs 2,188.31 crore, buoyed by volume gains across all segments. The textile division achieved 12% revenue growth. Despite ongoing geopolitical and economic challenges, the company remains optimistic about sustaining its performance momentum.

October 28, 2024
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