Arvind Fashions Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,799 Cr
- P/E
- 36.62
- ROE
- 14.07%
- PEG
- 0.68
- Price to sales
- 0.90
- Debt to equity
- 1.42
- 52W high / low
- ₹556 / ₹359
- Sales growth (5Y)
- 19.06%
- EBITDA margin
- 13.44%
- Net profit margin
- 3.80%
- Promoter holding
- 35.08%
- Sales (last year)
- ₹5,437 Cr
Arvind Fashions Ltd operates in the branded apparels and footwear space. It has a portfolio of several owned and licensed global brands across different segments. [1]
Guidance scorecard · Q1 FY27 call
What Arvind Fashions Ltd's management guided
and where it ranks in Retailing
Retailing
RevenueQ1 FY27 call
10–20%- The company is confident of sustaining mid-double-digit revenue growth for the balance of the year.
- Anticipated overall revenue growth guidance is around 12% to 15% for the current fiscal year.
- Like-for-like (LFL) sales growth is expected to be around 50% of total growth, balanced equally with inorganic growth from store expansion.
- The brand portfolio is well positioned to capture future demand, targeting mid-double-digit growth driven by strong performances from key brands like U.S. Polo, Flying Machine, and Arrow.
- Direct-to-consumer (D2C) channels, especially online B2C which grew over 38% recently, are a major growth driver.
2 more points from Arvind Fashions Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Arvind Fashions Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Arvind Fashions is continuing investments in analytics, technology, and AI to drive operational efficiencies and consumer insights.
- A strategic focus is on expanding the Direct-to-Consumer (D2C) channel and building capabilities in marketing, digital, data, and AI.
- The company plans to add about 1.5 lakh net square feet of retail space this fiscal year through new store openings and upsizing existing stores, particularly for brands like U.S. Polo, Arrow, and Flying Machine.
- Investments are being made behind marketing, increasing spend by about 50 basis points year-on-year to fuel demand generation and brand building.
- Supply chain initiatives aim to reduce lead times and get closer to market to capture real-time demand, which is a medium-term ongoing journey.
2 more points from Arvind Fashions Ltd's call on capex
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FundraisingQ1 FY27 call
See what Arvind Fashions Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Arvind Fashions Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Arvind Fashions Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Arvind Fashions Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,055 | 867 | 1,174 | 1,125 | 1,094 | 955 | 1,273 | 1,203 | 1,189 | 1,107 | 1,418 | 1,377 | 1,365 |
| Expenses + | 942 | 773 | 1,035 | 982 | 959 | 839 | 1,111 | 1,037 | 1,030 | 974 | 1,230 | 1,182 | 1,176 |
| Operating Profit | 113 | 93 | 139 | 143 | 135 | 116 | 162 | 166 | 159 | 133 | 187 | 195 | 189 |
| OPM % | 11% | 11% | 12% | 13% | 12% | 12% | 13% | 14% | 13% | 12% | 13% | 14% | 14% |
| Other Income + | 10 | 10 | 0 | 36 | 12 | 8 | 7 | 8 | 11 | 14 | 13 | -23 | 13 |
| Interest | 34 | 34 | 36 | 38 | 35 | 38 | 39 | 40 | 39 | 41 | 42 | 43 | 45 |
| Depreciation | 55 | 55 | 55 | 62 | 59 | 61 | 64 | 65 | 65 | 69 | 71 | 75 | 75 |
| Profit before tax | 35 | 14 | 48 | 79 | 53 | 24 | 66 | 67 | 66 | 39 | 87 | 53 | 82 |
| Tax % | 18% | 132% | 23% | 18% | 25% | 41% | 32% | 31% | 210% | 36% | 35% | 32% | 19% |
| Net Profit + | 29 | -5 | 37 | 65 | 40 | 14 | 45 | 47 | -72 | 25 | 56 | 36 | 66 |
| EPS in Rs | 0.82 | -1.24 | 1.63 | 3.84 | 1.83 | 0.10 | 2.22 | 2.00 | -6.99 | 0.94 | 2.81 | 1.91 | 3.52 |
Financials of Arvind Fashions Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,292 | 4,219 | 4,644 | 3,614 | 2,201 | 3,056 | 4,069 | 4,259 | 4,620 | 5,266 |
| Expenses + | 1,218 | 3,977 | 4,350 | 3,351 | 2,205 | 2,864 | 3,630 | 3,734 | 4,004 | 4,562 |
| Operating Profit | 74 | 242 | 294 | 263 | -4 | 192 | 440 | 525 | 616 | 705 |
| OPM % | 6% | 6% | 6% | 7% | -0% | 6% | 11% | 12% | 13% | 13% |
| Other Income + | 2 | 5 | 4 | -41 | -20 | -67 | 26 | 56 | 33 | 16 |
| Interest | 34 | 96 | 131 | 278 | 228 | 135 | 135 | 156 | 170 | 170 |
| Depreciation | 43 | 139 | 153 | 421 | 303 | 233 | 203 | 230 | 256 | 290 |
| Profit before tax | -1 | 12 | 13 | -477 | -554 | -242 | 127 | 194 | 224 | 261 |
| Tax % | -1,310% | -12% | -67% | -16% | 8% | -2% | 32% | 29% | 85% | 30% |
| Net Profit + | 15 | 13 | 21 | -399 | -596 | -237 | 87 | 137 | 33 | 184 |
| EPS in Rs | 1.48 | -35.31 | -51.08 | -20.19 | 2.76 | 6.06 | -2.67 | 9.17 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 36% | 21% | -60% | 17% |
Financials of Arvind Fashions Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 23 | 23 | 23 | 42 | 53 | 53 | 53 | 53 | 53 |
| Reserves | 636 | 1,037 | 1,106 | 574 | 480 | 697 | 857 | 950 | 904 | 890 |
| Borrowings + | 604 | 745 | 824 | 2,162 | 1,755 | 958 | 1,265 | 1,148 | 1,157 | 1,336 |
| Other Liabilities + | 946 | 1,371 | 1,571 | 1,673 | 1,424 | 1,558 | 1,497 | 1,456 | 1,695 | 1,936 |
| Total Liabilities | 2,208 | 3,176 | 3,524 | 4,433 | 3,701 | 3,267 | 3,672 | 3,607 | 3,809 | 4,216 |
| Fixed Assets + | 340 | 532 | 537 | 1,234 | 1,045 | 661 | 865 | 896 | 1,008 | 1,080 |
| CWIP | 0 | 1 | 11 | 1 | 0 | 0 | 2 | 4 | 3 | 4 |
| Investments | 82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1,786 | 2,643 | 2,975 | 3,197 | 2,656 | 2,605 | 2,805 | 2,707 | 2,798 | 3,132 |
| Total Assets | 2,208 | 3,176 | 3,524 | 4,433 | 3,701 | 3,267 | 3,672 | 3,607 | 3,809 | 4,216 |
Financials of Arvind Fashions Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -146 | -78 | 175 | 206 | -79 | 300 | 317 | 434 | 530 | 0 |
| Cash from Investing Activity + | -703 | -145 | -132 | -118 | -40 | -9 | -28 | 32 | -75 | 0 |
| Cash from Financing Activity + | 855 | 226 | -46 | -85 | 113 | -209 | -198 | -491 | -456 | 0 |
| Net Cash Flow | 6 | 4 | -3 | 3 | -6 | 82 | 91 | -25 | -2 | 0 |
| Free Cash Flow | -206 | -252 | 22 | 86 | -121 | 317 | 256 | 354 | 438 | 0 |
| CFO/OP | -192% | -22% | 72% | 82% | 2,271% | 163% | 82% | 95% | 93% | 0% |
Financials of Arvind Fashions Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 68 | 69 | 79 | 104 | 68 | 50 | 55 | 58 | 52 |
| Inventory Days | 495 | 134 | 189 | 239 | 230 | 177 | 173 | 163 | 183 | 211 |
| Days Payable | 392 | 197 | 198 | 243 | 264 | 224 | 180 | 168 | 199 | 211 |
| Cash Conversion Cycle | 173 | 5 | 60 | 75 | 69 | 22 | 44 | 51 | 42 | 52 |
| Working Capital Days | 5 | 24 | 25 | -14 | -1 | 21 | 16 | 26 | 29 | 35 |
| ROCE % | 7% | 7% | -6% | -8% | 1% | 14% | 14% | 17% | 19% |
Guidance history
How Arvind Fashions Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
12 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −29.5% | 23% |
| Last 6 months | −17.6% | 25% |
| Last 3 months | −18.7% | 21% |
The price is 52.9% below its all-time high of ₹775.1 (29 Mar 2019). Stocks more than 20% below their peak have their score halved, so 23 became 12.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Arvind Fashions Ltd: 0.4 × 23 + 0.4 × 25 + 0.2 × 21 = 23, halved to 12 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Arvind Fashions Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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