Home Retail Arvind Mills aims for billion dollar by 2012

    Arvind Mills aims for billion dollar by 2012


    Leading textile manufacturer Arvind Mills intends stepping up its retail plans across the country to achieve a sales turnover of a billion dollars by 2012.

    Arvind Ltd Q4 net profit falls on account of higher expenses
    In a separate filing, Arvind Ltd said it plans to raise up to Rs 500 crore through issuance of non-convertible debentures on a private placement basis

    The company intends to achieve the target by expanding its value retail chain‘Megamart’.

    It also has plans to launch large format value stores called ‘Megamart Outlet Centre’ which will be spread across an area of 50,000 sq ft to 60,000 sq ft, said a company release.

    It has signed up properties in Chennai, Pune and Hyderabad to set up three of such large format stores this fiscal.