Key Points
BENGALURU, Oct 31 (Reuters) - Indian textiles and leather goods maker Arvind (ARVN.NS) on Tuesday reported a 36% fall in second-quarter profit, hurt by slow demand pickup in fabrics amidst inflationary pressure...
The company's consolidated net profit fell to 800.1 million rupees ($9.6 million) for the quarter ended Sept. 30 from 1.25 billion rupees a year ago...
Textile companies have hit a rough patch due to low cotton arrivals, higher import duty and energy costs, and an inventory pile-up, analysts said...
Revenue at Arvind, which houses brands like Calvin Klein and Tommy Hilfiger, fell 11.4%, although expenses also declined 12% helped by lower raw material costs...
Arvind's profit in its core textiles division fell 17.3%, while that in its smaller segment, advanced materials, rose 13%...
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