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arvind: Arvind Q1 Results: Profit drops as denim revenue falls

Indian cloth manufacturer Arvind reported a 33% YoY decline in quarterly profit due to falling revenue from its key denim segment. Despite expenses reducing, its consolidated net profit for the quarter ended 30 June fell to INR 658.7m ($8.04m) from INR 984.2m in the same period last year. ....

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