Arvind To Double Revenues In Next Three Years
Arvind Limited, a textile manufacturer and the flagship company of the Arvind Group is looking ahead to double revenues and margins in the brands and retail business over the next three years, thus quadrupling its Ebitda for the segment. This expectation is driven by growth in denim (4%), woven (10%) and garments (35%).
Arvind Lifestyle Brands Ltd a group associated with textile business in India and a subsidiary of Arvind Ltd, that produces denim fabrics and supplies them to a large number of fashion brands across the world is hoping to get 10-12 per cent growth in the FY 16 in the textile business.
Arvind has brought various international brands to India. It has licensing relationships with Arrow, Gant, Nautica, US Polo Association, Ed Hardy, Elle, Hanes, Cherokee, Mossimo and Geoffrey Beene. Arvind has a portfolio of 12 of its own brands.
The brand is also looking ahead to come up with six more GAP stores by the end of FY16 and 15 stores by the end of FY17. Arvind will also launch its e-commerce portal by November 2015 with its entire brand portfolio as well as private labels.
Arvind management is also eyeing exclusive international brand tie-ups for e-commerce.