Arvind Fashions Ltd. · NSE:ARVINDFASN
Arvind Fashions — Q2 FY27 Earnings Presentation
32 slides from Arvind Fashions's earnings presentation, Nov 2, 2026
Slide 1: Exchange filing cover letter
November 02, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. Listing Dept. / Dept. of Corporate Services Listing Dept., Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1, G. Block Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Security Co
Slide 2: Q2 FY27 Results Presentation
Q2 FY27 RESULTS PRESENTATION Q2 FY27 RESULTS Nov | 2026
Slide 3: Disclaimer
DISCLAIMER This document by Arvind Fashions Limited (‘the Company’) contains forward-looking statements that represent our beliefs, projections and predictions about future events or our future performance. These forward-looking statements are necessarily subjective and involve known and unknown ris
Slide 4: Q2 FY27 Performance Highlights
Q2 FY27 PERFORMANCE HIGHLIGHTS Q2 FY27 RESULTS 3
Slide 5: Market & Economy Update
MARKET & ECONOMY UPDATE Overall demand remains steady despite shifting festival & online tower events Strong brands with direct-to-consumer focus continue to drive higher market share External macro economic factors like ongoing West Asia conflict, El Nino impact on weather & repo rate changes to ha
Slide 6: FY27 Objectives – What We Have Set for Ourselves
FY27 OBJECTIVES – WHAT WE HAVE SET FOR OURSELVES Objectives • Aspiration to grow revenues at 12-15% with acceleration in adjacent categories growth Sales & Profitability • Operating leverage to aid EBITDA & PAT margins expansion Improve brand salience • Continued investments in advertisement to driv
Slide 7: Q2 FY27 Business Highlights
SALES GROWTH DRIVERS Q2 FY27 BUSINESS Strong revenue growth at 10.0% Y-o-Y, driven by direct channel Retail LTL growth of 7.3%; aided by superior execution; adjusted for HIGHLIGHTS Gross addition of 24 EBOs; net sq. ft. at ~26K Adjacent categories growth of 13% performance festive shift retail LTL i
Slide 8: Strong Sales Growth Led by Direct Channels
STRONG SALES GROWTH LED BY DIRECT CHANNELS Sales ( ₹ in crores) • Delivered strong revenue growth of 10%, aided by 1559 growth across direct channels +10.0% • Direct channels continued their outperformance o Sharp execution in retail drove strong LTL of 7.3% resulting in ~15% growth along with lower
Slide 9: EBITDA, PBT and PAT
LEADING TO CONTINUED MARGIN EXPANSION EBITDA ( ₹ in crores) PBT # and PAT # ( ₹ in crores) 91 87 216 +15.5% 49 38 187 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 # from continuing operations PBT PAT • Improvement in EBITDA margins by 67 bps Y-o-Y aided by gross margin expansion & better channel mix • PAT (from
Slide 10: Channel Mix
CHANNEL MIX Q2 FY26 Q2 FY27 20% 14% 38% 40% 33% 31% 12% 13% Retail Online B2C Wholesale (MBO + Dept. Stores) Online B2B and others Q2 FY27 RESULTS 9
Slide 11: Continue to Open Marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs Arrow - Jayanagar, Bengaluru Q2 FY27 RESULTS 10
Slide 12: Continue to Open Marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs JM Road, Pune Q2 FY27 RESULTS 11
Slide 13: Continue to Open Marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs Horizon Tower, Jaipur Muthialpet, Puducherry Q2 FY27 RESULTS 12
Slide 14: Continue to Open Marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs Bailey Square, Patna Q2 FY27 RESULTS 13
Slide 15: Brand Highlights
Q2 FY27 PERFORMANCE HIGHLIGHTS BRAND HIGHLIGHTS Q2 FY27 RESULTS 14
Slide 16: Brand Highlights
Brand Highlights • Strong growth momentum continues o With new retail identity & sharp retail execution- continued retail expansion with marquee & large sq. ft. stores opening to further deepen retail presence o Delivered strong double digit LTL growth with lower retail discounting o Strong growth a
Slide 17: Brand Highlights
Brand Highlights • Product innovation continues to be at the core of brand journey, e.g., launched industry first super white range of shirts • Strong direct channel performance with 35%+ growth in online B2C • Continued retail expansion with marquee stores launch • Continued investments in marketin
Slide 18: Brand Highlights
Brand Highlights • Sharp positioning of Flying Machine as unisex, denim anchored, on-trend youth brand • Online B2C expanded to other online channels leading to growth in online B2C channel. Direct channel contribution improved by 3%+ • Direct channel well-positioned to grow & scale faster • Continu
Slide 19: BR EA K
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Slide 21: Brand Highlights
Brand Highlights • Launch of TH.com to expand direct channel mix • Strong brand pull continues for this market leader • Strong LTL growth led by premiumization • Continued EBO expansion & focus on expanding retail & online presence • Continue to deliver strong financial performance Q2 FY27 RESULTS 2
Slide 22: Brand Highlights
Brand Highlights • Strong LTL growth with lower retail discounting & continued store expansion o Mid double-digit LTL adjusted for festive shift o Strong LTL growth led by premiumization • Premiumization trend helping brand deliver industry leading sell-thru’s • 20%+ growth in premium CKU innerwear
Slide 23: Pre IND-AS P&L
Pre IND-AS P&L Q2 FY27 RESULTS 22
Slide 24: Q2 FY27 Performance Snapshot - Pre IND-AS
Q2 FY27 - PERFORMANCE SNAPSHOT - Pre IND-AS ( ₹ in crores) Q2 FY27 Q2 FY26 Q2 FY25 Revenue from Operations 1559 1418 1273 EBITDA (excl. other income) 144 122 102 EBITDA % (excl. other income) 9.2% 8.6% 8.0% Other Income 3 7 5 PBT 98 90 73 Taxes 24 31 21 Non-Controlling Interest 19 19 15 PAT from con
Slide 25: Q2 FY27 Performance Snapshot - Pre IND-AS
Q2 FY27 - PERFORMANCE SNAPSHOT - Pre IND-AS Fig in INR Crs Revenue EBIDTA PAT +10.0% +18.0% +37.5% 1559 144 55 9.2% 3.6% 122 1418 8.6% 102 8.0% 1273 40 2.8% 36 2.8% Q2’25 Q2’26 Q2’27 Q2’25 Q2’26 Q2’27 Q2’25 Q2’26 Q2’27 EBIDTA excl. other income Q2 FY27 RESULTS 24
Slide 26: Q2 FY27 Results
Q2 FY27 RESULTS Q2 FY27 RESULTS 25
Slide 27: Q2 FY27 Performance Snapshot - Post IND-AS
Q2 FY27 - PERFORMANCE SNAPSHOT - Post IND-AS ( ₹ in crores) Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Revenue from Operations 1559 1418 2837 2525 EBITDA (excl. other income) 216 187 376 321 EBITDA % (excl. other income) 13.9% 13.2% 13.2% 12.7% Other Income 7 13 14 28 PBT 91 87 131 126 Taxes 24 31 36 45 Non-Co
Slide 28: Efficient Working Capital Management
EFFICIENT WORKING CAPITAL MANAGEMENT ( ₹ in crores) Sep'26 Jun'26 Mar'26 Sep'25 Inventory 1828 1644 1605 1492 Inventory days 108 105 102 96 Receivables 844 684 752 936 Receivable days 49 52 54 56 GWC 2672 2328 2356 2428 GWC days 157 157 156 152 Payables 1584 1312 1387 1467 Payable days 92 93 93 91 N
Slide 29: Balance Sheet as on 30-Sep-2026
BALANCE SHEET AS ON 30-SEP-2026 ( ₹ in crores) Particulars 30-Sep-2026 31-Mar-2026 Net Worth 1231 1161 Borrowings 690 531 Capital Employed 1921 1692 Inventory 1828 1605 Receivables 844 752 Creditors 1584 1387 Net Working Capital 1088 969 Net Fixed Asset 411 361 Discontinued Operations (12) (12) Othe
Slide 30: Way Forward
WAY FORWARD Q2 FY27 RESULTS 29
Slide 31: Way Forward
WAY FORWARD AFL Stable demand environment to Continue to expand margin led by Continue to expand direct deliver consistent double digit higher direct channel share & channel share thru retail & revenue growth operating leverage online B2C expansion Deepen our leadership in 5 largest apparel categori
Slide 32: Thank You
ALVIND £ASHIONS THANK YOU