Announcing the financial results for the quarter ended June 30, 2007, Arvind Mills have posted sales increase by 21 per cent at Rs 510 crore, as against Rs 421 crore in the corresponding quarter last financial year. Profit before tax was up by 21 per cent at Rs 6 crore compared to Rs 5 crore in the corresponding quarter previous financial year. Profit after tax at Rs 6 crore is up by 26 per cent compared to Rs 5 crore in the corresponding quarter previous year.
The company is continuing to expand its branded apparel and retail business. The revenue from the brands and Megamart chain – without accounting for sales from VF Corporation’s licensed brands, which are now in a joint venture – grew by 26 per cent. The company has 154 exclusive brand outlets at the end of the current quarter.