Arvind Reports 43% Rise in Second-Quarter Profit, Flags Margin Pressure
Indian textile manufacturer Arvind reported net profit up 43% in its second quarter, as festive demand outweighed higher raw-material costs. It flagged continued margin pressure.
Indian textile manufacturer Arvind NSE:ARVIND reported a 43% rise in second-quarter profit on Wednesday, as resilient festive demand outweighed pressure from higher raw material costs.The company, which counts Western brands such as Gap and H&M among its clients, reported a net profit of 1.48 billi…