Arvind’s Q3 earnings were absolutely in-line as margins met expectations while the branded apparel business stands out with improvement in profitability and jump in EBIT. We expect a lot of job creation in the textile sector, said Kulin Lalbhai, ED of Arvind. He further said that jump in textile revenue is on the back of strong volume growth. However, rupee appreciation and duty drawback led to decline in textile EBIT in Q3, he added. According to him, strong growth in brand business is due to operating leverage kicking in. Talking about business, he said ‘unlimited stores’ has reported highest EBIT ever. We are creating a global delivery system for garments business in Ethiopia, said Lalbhai. We see a huge market for technical textile in India, he mentioned.
