Arvind Brands targets Rs 1,200 cr

Thursday, 27 October 2011

With plans to expand its retail network in a big way, and with a bouquet of over 21 brands, Arvind Lifestyle Brands, part of the $1 billion diversified Arvind Group, is on a rapid growth path. It plans to achieve a turnover of Rs 1,200 crores, up from Rs 825 crores it registered last fiscal. The company expects to sustain the growth of over 50 per cent achieved in the first half of this financial year and also looks forward to achieving profitability. After closely working with brands like Arrow, US Polo, Tommy Hilfiger, Gant and iZod, it has come a long way from a loss making turnover of Rs 200 crores in 2005-2006, to Rs 1,200 crores, registering a growth of about 50 per cent. It now plans to double turnovers within a couple of years and possibly make it a $1 billion company by 2015.

Both Arvind Lifestyle Brands and Arvind Retail have been doing well and the performance of brands like US Polo and Arrow have helped Arvind Lifestyles achieve its target. In less than two years, US Polo would contribute over Rs 150 crores and Arrow, one of the long serving brands, Rs 350 crores.

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