Arvind Fashions Ltd. · NSE:ARVINDFASN
Arvind Fashions — Q4 FY26 Earnings Presentation
31 slides from Arvind Fashions's earnings presentation, May 6, 2026
Slide 1: Cover letter to stock exchanges on investor presentation
May 06, 2026 To, To, BSE Limited National Stock Exchange of India Listing Dept. / Dept. of Corporate Services, Limited Listing Dept., Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, 5th Floor, Plot No. C/1, G. Block, Mumbai ‐ 400 001 Bandra‐Kurla Complex, Bandra (E), Mumbai ‐ 400 051 Securi
Slide 2: Q4 FY26 Results Presentation
Q4 FY26 RESULTS PRESENTATION Q4 FY26 RESULTS May | 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: Q4 FY26 Performance Highlights
Q4 FY26 PERFORMANCE HIGHLIGHTS Q4 FY26 RESULTS 3
Slide 5: Market & Economy Update
MARKET & ECONOMY UPDATE Overall demand remains stable Strong brands with direct-to-consumer focus continue to drive higher market share Premiumisation continues to drive strong demand Uncertain geo-political scenarios likely to have inflationary pressure Q4 FY26 RESULTS
Slide 6: West Asia conflict situation - What does it mean for us?
West Asia conflict situation - What does it mean for us? • The impact of geo-political situation is still unclear • Multiple industries are facing shortages in petroleum derived products especially natural gas which is Current situation a key input for production • We are witnessing impact on rupee
Slide 7: FY26 Objectives – What we have set for ourselves
FY26 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 8: Q4 FY26 Business Highlights
SALES GROWTH DRIVERS Q4 FY26 BUSINESS Strong revenue growth at 14.8% Y-o-Y, driven by direct channel Retail LTL of 7.8%; aided by superior execution HIGHLIGHTS Gross addition of 50 EBOs; net sq. ft. at ~13.37L Adjacent categories witnessed 20%+ growth performance PROFITABILITY WORKING CAPITAL CHANNE
Slide 9: Strong sales growth across channels
STRONG SALES GROWTH ACROSS CHANNELS Sales ( ₹ in crores) • Delivered strong revenue growth of 14.8%, aided by 1,365 growth across direct channels • Direct channels continued their outperformance o Sharp execution in retail drove strong LTL of 7.8% resulting in ~14% growth along with sourcing gains o
Slide 10: EBITDA, PBT and PAT
LEADING TO CONTINUED PROFITABILITY IMPROVEMENT EBITDA ( ₹ in crores) PBT * and PAT # ( ₹ in crores) +19.2% 189 76 66 159 42 27 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 PBT* PAT * Before Code on Wages impact # from continuing operations (excluding exceptional DTA charge of 120 crs in Q4 FY25) • Improvement in
Slide 11: Channel Mix
CHANNEL MIX Q4 FY25 Q4 FY26 11% 13% 14% 11% 42% 42% 33% 32% Wholesale (MBO + Dept. Stores) Retail Online B2C Online B2B and others Q4 FY26 RESULTS 10
Slide 12: Strong & stable sales growth in FY26 across channels
STRONG & STABLE SALES GROWTH IN FY26 ACROSS CHANNELS Sales ( ₹ in crores) 5,266 • Strong revenue growth of 14%, aided by growth across direct channels • Direct channels continued their outperformance o Consistent strong LTL of 8.1% resulting in 13% growth in retail o 45% growth in online B2C channel
Slide 13: Continued profitability improvement during FY26
CONTINUED PROFITABILITY IMPROVEMENT DURING FY26 EBITDA ( ₹ in crores) PBT * and PAT # ( ₹ in crores) 285 +17.0% 705 225 602 139 85 FY25 FY26 FY25 FY26 PBT* PAT * Before Code on Wages impact # from continuing operations (excluding exceptional DTA charge of 120 crs in Q4 FY25) • Improvement in EBITDA
Slide 14: Channel Mix
CHANNEL MIX FY25 FY26 15% 17% 14% 42% 11% 42% 29% 29% Wholesale (MBO + Dept. Stores) Retail Online B2C Online B2B and others Q4 FY26 RESULTS 13
Slide 15: Continue to open marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs USPA – JM Road, Pune Arrow – MG Road, Kochi Q4 FY26 RESULTS 14
Slide 16: Continue to open marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs CK - Felix plaza, Gurgaon Q4 FY26 RESULTS 15
Slide 17: Continue to open marquee EBOs
CONTINUE TO OPEN MARQUEE EBOs Club A – Shipra Mall, Ghaziabad Q4 FY26 RESULTS 16
Slide 18: Brand Highlights
Q 4 FY26 PERF O RMA NCE H IGHLIGHTS BRAND HIGHLIGHTS
Slide 19: Brand Highlights
Brand Highlights • Continued strong growth momentum with sharp retail execution & marketing investments, helping deliver strong LTL growth & consistent strong growth across channels • Direct channels continue to outperform & grow at >30%; share of revenue increasing • Continued retail expansion with
Slide 20: Brand Highlights
Brand Highlights • Strong direct channel performance with 50%+ growth in online B2C • Focus on accelerating EBOs expansion • Product innovation continue to be at the heart of brand journey, e.g., Linen-led product capsules, Autopress • Continue investments in marketing Q4 FY26 RESULTS 19
Slide 21: Brand Highlights
Brand Highlights • Consistently delivered strong LTL in retail channel & department stores leading to healthy growth • Online B2C expanded to other online channels leading to 50%+ growth in online B2C channel • Direct channel well-positioned to grow & scale faster • Well-positioned to improve financ
Slide 22: Brand Highlights
Brand Highlights • Double digital LTL growth coupled with favorable tailwinds around premiumization continue to aid brand performance • Accelerated EBO expansion & focus on expanding retail & online presence • Strong brand pull continues for this market leader • Continue to deliver strong financial
Slide 23: Brand Highlights
Brand Highlights • Direct channel growth fueled by timely season launch and stable LTL growth • Premiumization trend helping brand deliver industry leading sell-thru’s • Continue to deliver strong financial performance Q4 FY26 RESULTS 22
Slide 24: Q4 FY26 Results
Q4 FY26 RESULTS Q4 FY26 RESULTS 23
Slide 25: Q4 FY26 - Performance Snapshot
Q4 FY26 - PERFORMANCE SNAPSHOT ( ₹ in crores) Q4 FY26 Q4 FY25 Revenue from Operations 1365 1189 Other Income 7 11 Total Income 1372 1200 EBITDA 196 170 EBITDA excl other income 189 159 PBT before Code of Wages impact 76 66 Code of Wages impact -6 0 PBT 82 66 Taxes 15 139 Minority Interest 19 21 PAT
Slide 26: FY26 - Performance Snapshot
FY26 - PERFORMANCE SNAPSHOT ( ₹ in crores) FY26 FY25 Revenue from Operations 5266 4620 Other Income 41 35 Total Income 5307 4654 EBITDA 745 637 EBITDA excl other income 705 602 PBT before Code of Wages impact 285 225 Code of Wages impact 23 0 PBT 262 225 Taxes 77 191 Minority Interest 61 69 PAT 124
Slide 27: Balance Sheet as on 31-Mar-2026
BALANCE SHEET AS ON 31-MAR-2026 ( ₹ in crores) PARTICULARS 31-MAR-26 31-MAR-25 Net Worth 1161 1164 Borrowings 531 390 Capital Employed 1692 1554 Inventory 1605 1259 Trade Receivables 752 729 Trade Payable & Credits 1387 1172 Net Working Capital 969 817 Net Fixed Asset 361 319 Discontinued Operations
Slide 28: Efficient Working Capital Management
EFFICIENT WORKING CAPITAL MANAGEMENT ( ₹ in crores) Mar’26 Dec’25 Mar’25 Inventory 1605 1511 1259 Inventory days 102 99 91 Receivables 752 740 729 Debtor days 54 56 54 GWC 2356 2251 1989 GWC days 156 155 146 Payables 1387 1350 1172 Creditor days 93 92 87 NWC 969 901 817 NWC days 64 63 58 Note for da
Slide 29: Way Forward
WAY FORWARD Q4 FY26 RESULTS 28
Slide 30: Way Forward
WAY FORWARD AFL Stable demand environment to Continue to expand margin led by Continue to accelerate retail deliver consistent double digit operating leverage and better expansion across brands through revenue growth channel mix asset light approach Committed to scaling existing Continue higher mark
Slide 31: Thank You
ALVIAD LASHIONS THANK YOU