Quarter Ended: March 2026

Arvind Fashions – Q4 FY26 Results

NSE

arvindfasn

BSE

542484

Arvind Fashions reported strong turnaround in profitability on a YoY basis supported by revenue growth and operational recovery, though QoQ performance softened due to seasonal pressure and higher costs.

key financial highlights

Revenue from Operations:
- Revenue (Q4 FY26): ₹1,364.79 Crore
  - QoQ Change: -0.86%
  - YoY Change: +14.78%
- Previous Quarter (Q3 FY26): ₹1,376.58 Crore
- Previous Year (Q4 FY25): ₹1,189.06 Crore
Profit After Tax (PAT):
- PAT (Q4 FY26): ₹66.34 Crore
  - QoQ Change:+83.71%
  - YoY Change: Turnaround from Loss
- Previous Quarter (Q3 FY26): ₹36.11 Crore
- Previous Year (Q4 FY25): – ₹72.49 Crore Loss
QoQ Performance
- Revenue Trend: Stable to Slight Decline
- Profit Trend: Strong Recovery

Margin Analysis

Drivers:

Inventory optimization benefits
Improved operating leverage versus last year
Higher employee and finance costs
Better gross margin management

Insight:

Company has significantly improved profitability versus last year, but operating margins remain sensitive to retail demand and cost pressures

Segment insight

Summary:

Arvind Fashions operates across branded apparel and retail fashion categories with improving operational efficiency.

Charcateristics:

Consumer discretionary business
Brand-led retail model
Working capital intensive
Seasonal demand cycles

Earning quality check

Drivers:

Strong YoY operational turnaround
Better inventory management
Reduced exceptional pressure compared to prior periods
Operating cash flow weakened due to working capital movements

Interpretations:

Earnings quality is improving, though cash flow conversion remains an area to monitor

balance sheet Analysis

Total Assets: ₹4,215.78 Cr
Total Liabilities: ₹3,055.27 Cr (Non-current + current liabilities excluding equity and minority interest)

Insight:

Balance sheet remains leveraged with substantial lease liabilities and working capital dependence typical of retail businesses.

key risks

Weak discretionary consumer demand
Inventory and markdown risk
High lease obligations
Retail margin pressure
Working capital volatility

management strategy signals

Focus Area:

Improving profitability and operating efficiency
Inventory optimization
Strengthening premium fashion brands
Retail network productivity improvement

Financial metrics table

Particular	Q4 FY26	Q.O.Q	Y.O.Y
Revenue	₹1,364.79 Crore	-0.86%	+14.78%
EBIT	₹76.43 Crore	-7.40%	+15.17%
PAT	₹66.34 Crore	+83.71%	Turnaround

Arvind Fashions has demonstrated a meaningful turnaround from last year’s losses with stronger operational performance and profitability recovery. However, margins remain thin and cash flow generation continues to be impacted by working capital intensity and retail business dynamics.

Official Exchange Filing: Arvind Fashions Limited

Quarterly Performance Context

COST OF OPERATIONS AS % OF REVENUE

95%

NET PROFIT AS % OF REVENUE

FISCAL YEAR

2025-2026

AUDIT STATUS

REVIEWED