{"id":155580,"date":"2023-10-31T11:14:49","date_gmt":"2023-10-31T15:14:49","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155580"},"modified":"2023-10-31T11:14:51","modified_gmt":"2023-10-31T15:14:51","slug":"arvind-ltd-q2-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/arvind-ltd-q2-fy24-earnings-conference-call-insights\/","title":{"rendered":"Arvind Ltd Q2 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Arvind Ltd (ARVIND) Q2 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Revenues up 4% sequentially to INR1,922 crores.<\/li>\n<li>EBITDA at INR206 crores, 10.7% margin.<\/li>\n<li>Volumes improved in exports and garments but still subdued.<\/li>\n<li>Textiles segment revenue grew 3% to INR1,455 crores, 11% margin.<\/li>\n<li>AMD revenue grew 13% with 20% plus volume growth.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Outlook<\/strong>\n<ul>\n<li>Expects significant textile volume growth from Q4, driven by China+1, sustainability demands.<\/li>\n<li>AMD to continue 20% plus growth trajectory.<\/li>\n<li>Aiming for uptick in government vertical volumes in H2.<\/li>\n<li>Continuing debt reduction, repaid INR49 crores in Q2.<\/li>\n<li>Investing in innovation, technology, people to compensate for weak demand.<\/li>\n<li>Input prices like cotton range-bound, not expected to see sharp changes.<\/li>\n<li>On track with strategic initiatives.<\/li>\n<li>Q3 will be better than Q2.<\/li>\n<li>Traceability benefits expected from Q4<\/li>\n<\/ul>\n<\/li>\n<li><strong>Garment Business Margins<\/strong>\n<ul>\n<li>Currently in single digits, aiming for high single digits in a few quarters.<\/li>\n<li>Scaling up capacity utilization to 100% will improve margins.<\/li>\n<li>Automation investments underway to improve throughput.<\/li>\n<li>Focused on denim, knits and wovens; anchor customers in each segment.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Subsidiary Simplification<\/strong>\n<ul>\n<li>Reducing subsidiaries to the bare minimum.<\/li>\n<li>Will keep progressing subsidiary reduction over next couple of years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capacity Utilization<\/strong>\n<ul>\n<li>Denim at 80%, capacity around 60 million.<\/li>\n<li>Woven at 80%, capacity around 130 million.<\/li>\n<li>Garments around 75%, capacity 40-42 million.<\/li>\n<li>AMD operating at high utilization with 20%+ growth.<\/li>\n<\/ul>\n<\/li>\n<li><strong>CapEx Spends<\/strong>\n<ul>\n<li>600 crores total CapEx over 2 years as guided earlier.<\/li>\n<li>About one third allocated to AMD business.<\/li>\n<li>AMD having slightly higher patch margins than textiles.<\/li>\n<li>More commitments in coming quarters.<\/li>\n<\/ul>\n<\/li>\n<li><strong>AMD Margins<\/strong>\n<ul>\n<li>Current 15% plus margins expected to be maintained in H2.<\/li>\n<li>As business scales, aiming for small improvements over next few years.<\/li>\n<li>Targeting 100 bps or more margin improvement in medium term.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Domestic Demand<\/strong>\n<ul>\n<li>Muted overall, uptick due to festivals but not robust.<\/li>\n<li>Pressure more in mass segments, premium holding up better.<\/li>\n<li>Well positioned due to higher exposure to premium segments.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Industrial Segment<\/strong>\n<ul>\n<li>Most segments doing well except conveyor belting.<\/li>\n<li>Belting weak due to lower warehouse demand and high inventory.<\/li>\n<li>Expects belting recovery in 1-2 quarters.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Garments Capacity Expansion and Woven Margins<\/strong>\n<ul>\n<li>Plan to expand from 40 million units to 60 million units over 3 years.<\/li>\n<li>Focus on denim, knits and woven shirts for vertical integration.<\/li>\n<li>Woven aiming to improve vertical integration and return on capital.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Business Segment Outlook<\/strong>\n<ul>\n<li>Expect continued growth in garments business with capacity expansion plans of 20 million in next 3 years.<\/li>\n<li>Targeting 20% growth in advanced materials business through capacity expansion and new products.<\/li>\n<li>Aiming to improve margins in textiles business by 100-150 bps over next 2 years through higher capacity utilization and operational efficiencies.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Growth Strategy<\/strong>\n<ul>\n<li>Focus on driving organic growth in garments, advanced materials and textiles businesses.<\/li>\n<li>Look for inorganic growth opportunities to accelerate expansion.<\/li>\n<li>Targeting revenue growth of 7-8% in textiles and 20% in advanced materials going forward.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Arvind Ltd (ARVIND) Q2 FY24 Earnings Concall Financial Performance Revenues up 4% sequentially to INR1,922 crores. EBITDA at INR206 crores, 10.7% margin. Volumes improved in exports and garments but still subdued. Textiles segment revenue grew 3% to INR1,455 crores, 11% margin. AMD revenue grew 13% with 20% plus volume growth. Outlook Expects [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","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":[10169,10139],"class_list":["post-155580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-earnings","tag-textile-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172711,"url":"https:\/\/alphastreet.com\/india\/arvind-q2-fy26-earnings-results\/","url_meta":{"origin":155580,"position":0},"title":"Arvind Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 25, 2025","format":false,"excerpt":"Arvind Ltd, one of India\u2019s leading vertically integrated textile companies and among the world\u2019s largest denim manufacturers, reported robust financial results for Q2FY26. Financial Highlights: Revenues increased 8.36% year-on-year to \u20b92,371 crore from \u20b92,188 crore. Total expenses rose 8.28% to \u20b92,237 crore from \u20b92,066 crore. Consolidated net profit surged 69.84%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARV.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":136294,"url":"https:\/\/alphastreet.com\/india\/dr-lal-pathlabs-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":155580,"position":1},"title":"Dr Lal PathLabs Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/lAaNZKEvjOc Key highlights from Dr Lal PathLabs Ltd (LALPATHLAB) Q2 FY23 Earnings Concall Q&A Highlights: [00:16:43] Rahul Agarwal with Incred Capital enquired about 2Q23 performance according to the company\u2019s expectations. Arvind Lal EC said the company\u2019s opinion is that the performance is slightly in line with what it was doing\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":140718,"url":"https:\/\/alphastreet.com\/india\/arvind-ltd-nse-arvind-q3-fy23-results-out-total-income-fell-13-yoy\/","url_meta":{"origin":155580,"position":2},"title":"Arvind Ltd. (NSE: ARVIND)| Q3 FY23 Results Out| Total income fell 13% yoy.","author":"Divyansh_Kasana","date":"February 9, 2023","format":false,"excerpt":"Arvind Limited is a textile manufacturer and brand management company based in India. The company was founded in 1931 and has since grown to become one of India's leading textile and fashion companies. Arvind Limited operates in three main business segments: textiles, branded apparel, and engineering. In the textiles segment,\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164369,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-ltd-q1fy25-10-rise-in-revenue\/","url_meta":{"origin":155580,"position":3},"title":"Arvind Fashions Ltd Q1FY25; 10% rise in Revenue","author":"Divyansh_Kasana","date":"September 17, 2024","format":false,"excerpt":"Arvind Fashions Ltd operates in the branded apparels, beauty and footwear space. It has a portfolio of several owned and licensed global brands across different segments. Financial Results: Arvind Fashions Ltd reported Revenues for Q1FY25 of \u20b9955.00 Crores up from \u20b9867.00 Crore year on year, a rise of 10.15%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/09\/image-49.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172128,"url":"https:\/\/alphastreet.com\/india\/arvind-fashions-q2-fy26-earnings-results\/","url_meta":{"origin":155580,"position":4},"title":"Arvind Fashions\u00a0Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 5, 2025","format":false,"excerpt":"Arvind Fashions Ltd, a diversified player in branded apparel, beauty, and footwear, reported a healthy Q2 FY26 performance fueled by revenue growth and improved profitability. Financial Highlights Revenues increased 11.39% year on year to \u20b91,418 crore from \u20b91,273 crore. Total expenses rose 10.63% to \u20b91,343 crore from \u20b91,214 crore. Consolidated\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/ARVND.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156074,"url":"https:\/\/alphastreet.com\/india\/aurobindo-pharma-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":155580,"position":5},"title":"Aurobindo Pharma Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 10, 2023","format":false,"excerpt":"Key highlights from Aurobindo Pharma Limited (AUROPHARMA) Q2 FY24 Earnings Concall Revenue Growth Revenue grew 25.8% year-on-year to INR7,219 crores, driven by growth across formulations, APIs, and geographies. Formulations revenue, excluding Puerto Rico, grew 29% YoY to INR5,968 crores. US formulations revenue, without Puerto Rico, grew 35.7% year-on-year to INR3,385\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\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155580","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=155580"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=155580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=155580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=155580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}