Digital
Leading with purpose creates wins for consumers, community and country: Hina Nagarajan of Diageo India
Arvind Fashions Limited (AFL) has declared its financial results for the fourth quarter and fiscal year ended Mar 31, 2024. Revenues grew by 4% to Rs. 1,094 Crs compared to Rs. 1,055 Crs in Q4 FY23 and 2-year revenue CAGR of 15%. It reported a 17% growth in EBITDA to Rs. 148 Crs compared to Rs. 127 Crs in Q4 FY23. EBITDA margin improved by 150 bps to 13.5%, despite investment in advertising being higher by ~100 bps Y-o-Y. PAT (from the continuing business) stood at Rs. 25 Crs, growth of 72% Y-o-Y. Reported PAT grew 123% to Rs. 24 Crs compared to Rs. 11 Crs in Q4 FY23.
Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said “FY24 has been a differentiated year with sharper execution leading to improvement in all key financial metrics, despite market environment staying subdued. Our continued focus on retail excellence resulted in healthy 4% LTL growth leading to 120 bps improvement in EBITDA margin for the full year."
He added, Moving forward, we expect growth to witness strong uptick while continuing to stay decisively focused on scaling our existing brands through innovative retail formats and by accelerating our store network expansion leading to further improve margins & ROCE.”
The company boasts a 'future-ready' portfolio of global brands that include, Flying Machine, Arrow and U.S Polo Assn.
At the Storyboard18 DNPA Conclave 2025, Union Minister Ashwini Vaishnaw spotlighted the critical role of traditional media in an evolving digital landscape. He emphasized that such gatherings can aid the govt in formulating more effective policies for a balanced and sustainable media ecosystem.
Read MoreFrom the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.