{"id":136943,"date":"2022-11-17T09:03:26","date_gmt":"2022-11-17T14:03:26","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136943"},"modified":"2022-11-17T09:03:27","modified_gmt":"2022-11-17T14:03:27","slug":"arvind-fashions-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Arvind Fashions Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Arvind Fashions Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/ARVINDFASN\/\">ARVINDFASN<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:38] Sagar Parekh from OneUp Financial asked about the sequential GM reduction if it\u2019s purely due to EOSS coming into July. Shailesh Chaturvedi MD replied that the EOSS discounting is a reality, and the company don&#8217;t really compare sequential EBITDA margin. But Q2 operating EBITDA was higher than Q1 EBITDA.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:58] Sagar Parekh from OneUp Financial enquired about margins pre-IndAS in FY24. Shailesh Chaturvedi MD said the company is very close to the trajectory of double digit EBITDA in power brands. And the guidance on the top-line growth is closer to 15% due to a strong growth momentum in brands.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:15] Kunal from Alpha Invesco asked about Arrow brand progress, looking at store declines and pre and post- IndAS EBITDA margin of Arrow. Shailesh Chaturvedi MD said Arrow has been big focus for ARVINDFASN in the last 2 years. And added that Arrow is one of the fastest-growing in the company\u2019s portfolio.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:04] Kunal from Alpha Invesco enquired about the sale of adjacents as a percentage of overall US Polo sale. Shailesh Chaturvedi MD said adjacent category this season will be north of INR300 crores of NSV of adjacent category. ARVINDFASN expects this number to touch INR500 crore NSV mark in next 2- years.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:03] Kunal from Alpha Invesco asked about a ballpark number of stock turns in the foorwear segment. Shailesh Chaturvedi MD answered that as a company it\u2019s at 4.2 turns and footwear enjoys a slightly higher turn than that. It should be crossing 5 kind of turn already.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:51] Naysar Parikh of Native Capital enquired about the channel mix, especially the MBO channel that had problems in the past. Shailesh Chaturvedi MD answered that across channels the brands have done well. The largest channel retail is around 40% at an annualized basis. Online was at 26% in 2Q23. Trade channel, MBO, is around 15%.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:54] Naysar Parikh of Native Capital also asked about any plans the company has to launch or acquire any kind of online first brands. Shailesh Chaturvedi MD said ARVINDFASN is very focused on its existing brands and see huge opportunity to grow in these brands in next many years. So currently there is no plan for any launch or acquisition.<\/li>\n<\/ul>\n<ul>\n<li>[00:37:40] Yash Mandawewala with Mandawewala Family Office asked about the festive season sales trend. Shailesh Chaturvedi MD answered that the fall holiday season is going as per plan. There is a bounce back in the market and sell-throughs are as per the company\u2019s plan.<\/li>\n<\/ul>\n<ul>\n<li>[00:38:37] Rishikesh Oja from RoboCapital enquired about the outlook on debt. Shailesh Chaturvedi MD said the company\u2019s debt level will be similar to levels of last year and expects till year end debt to be similar to last year March level.<\/li>\n<\/ul>\n<ul>\n<li>[00:43:37] Dhruv Shah from Ambika Fincap asked about the southern market going forward and store size in Tier 2 Tier 3\u00a0 cities. Shailesh Chaturvedi MD replied that US Polo is strong in south also now. On store size, the company said it will be similar to the current store size or smaller version of the current.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Arvind Fashions Ltd (ARVINDFASN) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:10:38] Sagar Parekh from OneUp Financial asked about the sequential GM reduction if it\u2019s purely due to EOSS coming into July. Shailesh Chaturvedi MD replied that the EOSS discounting is a reality, and the company don&#8217;t really compare sequential EBITDA margin. But [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Arvind Fashions Ltd Q2 FY23 Earnings Conference Call Insights #ARVINDFASN #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[8879,10169,8145],"class_list":["post-136943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-apparel-retail","tag-earnings","tag-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143306,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136943,"position":0},"title":"Arvind Fashions Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 17, 2023","format":false,"excerpt":"Key highlights from Arvind Fashions Ltd (ARVINDFASN) Q3 FY23 Earnings Concall Management Update: [00:02:40] ARVINDFASN said GM increased due to lower discounting, leading to an improvement in EBITDA margin by 110 bp YonY. [00:03:00] ARVINDFASN\u2019s supply chain transformation yielded positive results, with stock turns sustaining above 4 and improved gross\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":137939,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-arvindfasn-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":136943,"position":1},"title":"ARVIND FASHIONS LTD (ARVINDFASN) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 15, 2022","format":false,"excerpt":"ARVIND FASHIONS LTD (NSE:ARVINDFASN) Q2 FY23 Earnings Concall dated Nov. 15, 2022 Corporate Participants: Ankit Arora -- Head, Investor Relations Kulin Lalbhai -- Non-Executive Director Shailesh Chaturvedi -- Managing Director and Chief Executive Officer Analysts: Sagar Parekh -- OneUp Financial -- Analyst Ritesh Choudhary -- Molecule Ventures -- Analyst Jay\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128191,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136943,"position":2},"title":"Arvind Fashions Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 9, 2022","format":false,"excerpt":"https:\/\/youtu.be\/joM76mPwCMY Key highlights from Arvind Fashions Ltd (ARVINDFASN) Q3 FY22 Earnings Concall Management Update: ARVINDFASN stated that 3Q22 was a landmark quarter where the business achieved profitability after many years and saw robust performance across the brand portfolio. Highlight of the online business was the strong growth of the footwear\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148466,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":136943,"position":3},"title":"Arvind Fashions Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 6, 2023","format":false,"excerpt":"Key highlights from Arvind Fashions Ltd (ARVINDFASN) Q4 FY23 Earnings Concall Management Update: [00:04:29] ARVINDFASN said its gross working capital days were the lowest in its history and have gone down by 22 days over the last year. Q&A Highlights: [00:10:26] Nishid Shah of Ambika Fincap asked for an update\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130706,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136943,"position":4},"title":"Arvind Fashions Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 20, 2022","format":false,"excerpt":"https:\/\/youtu.be\/0cA4isOv5b4 Key highlights from Arvind Fashions Ltd (ARVINDFASN) Q4 FY22 Earnings Concall \u00a0 Management Update: Despite two COVID waves, AFL grew revenues 32% and posted a net profit of INR40 crores in 2H22, and reduced net debt by more than INR525 crores in the year. With the turnaround complete, expects\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141973,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-arvindfasn-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":136943,"position":5},"title":"ARVIND FASHIONS LTD (ARVINDFASN) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 16, 2023","format":false,"excerpt":"ARVIND FASHIONS LTD (NSE:ARVINDFASN) Q3 FY23 Earnings Concall dated Feb. 15, 2023. Corporate Participants: Ankit Arora\u00a0--\u00a0Head of Investor Relations and Treasury Kulin Lalbhai\u00a0--\u00a0Non-Executive Director Shailesh Chaturvedi\u00a0--\u00a0Managing Director and Chief Executive Officer Girdhar Chitlangia\u00a0--\u00a0Chief Financial Officer Analysts: Pritesh Chheda\u00a0--\u00a0Lucky Investment Managers -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Jatin Sangwan\u00a0--\u00a0Burman Family Holdings --\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136943"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}