Key Points
Punit Lalbhai, Vice-Chairman & ED, Arvind Limited, says we are looking to maintain a 20% plus margin across three years and grow aggressively at the same time..
And meanwhile, we are also expanding the capability set so that when the capex cycle turns, we have many avenues to continue to maintain growth post that..
But I think for the next two to three years we see this capex cycle continuing and this 25-30% growth is very possible to achieve...
If you look at last years first half, it was an all-time high of post Covid buying, so a comparative is not representative of the actual situation..
It remains a very challenging demand environment because there is bad news across the world on multiple fronts, certain western economies still grappling with inflation, wars happening all across many geographies so that is not a great environment for discretionary spending, yet one major trend is that brands are now done with their inventory correction..
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