Q4 2024 Arvind Fashions Ltd Earnings Call Transcript
Key Points
- Arvind Fashions Ltd (BOM:542484) delivered a strong Q4 financial performance with quarterly sales growing by 4%, aided by a healthy like-to-like (LTL) growth of 4%.
- The company achieved an improvement in EBITDA margin by 150 basis points to 13.5%, despite higher investments in advertising.
- Full-year FY24 sales grew by 5%, driven by a sharper focus and execution across the retail channel.
- EBITDA for FY24 grew by 15% with an improvement of almost 120 basis points.
- Return on capital employed (ROCE) improved by 400 basis points to more than 16%, with a target to achieve 20%-plus ROCE in the near term.
- The macroeconomic environment remained subdued, impacting overall growth.
- Wholesale channel sales were negatively impacted due to a shift between Q4 and Q1.
- There was a large de-growth in the online B2B business, affecting overall sales growth.
- The footwear business faced short-term challenges due to new government regulations (BIS), impacting inventory levels and assortment.
- The performance of the Arrow brand remained muted, with EBITDA at low single digits, requiring further corrective actions.
Ladies and gentlemen, good day, and welcome to Arvind Fashions Limited Q4 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ankit Arora. Thank you, and over to you, sir.
Thanks, Manoja. Hello, welcome, everyone, and thank you for joining us on Arvind Fashions Limited earnings conference call for the fourth quarter and fiscal year ended March 31, 2024. I'm joined here today by Kulin Lalbhai, Vice Chairman and Non-Executive Director; Shailesh Chaturvedi, our Managing Director and CEO; and Girdhar Chitlangia, our Chief Financial Officer.
Please note that results, press release and earnings presentation had been mailed across to you yesterday, and these are also available on our website, www.arvindfashions.com. I hope you had the opportunity to browse through the highlights of the performance.
We'll commence the
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