Arvind Fashions delivers strong performance with 106% Q-o-Q growth and cash breakeven

Arvind Fashions delivers strong performance with 106% Q-o-Q growth and cash breakeven
Posted On:
2021-02-03 02:17:59
(Time Zone: Arizona, USA)
Arvind Fashions Limited (AFL), India's leading casual and denim player, has declared its financial results for the third quarter and nine months ended Dec 31, 2020.
Key Points
- Q3 FY21 revenue grew sequentially by 106%, driven by Q-o-Q momentum on account of stronger festive season and winter shopping, along with increased footfalls across the stores as the lockdown gradually lifted. This was further aided by continued traction in the online channel
- Overall, revenue reached 86% of last year levels in Q3 FY21. Sales recovery trajectory (Y-o-Y) was stronger across all the channels

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