Slide 1: Exchange filing cover letter for investor presentation
31st October, 2023 To, To, BSE Limited National Stock Exchange of India Limited 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
Slide 2: Arvind Limited Q2/H1 FY24 Results Investor Review Note
Arvind Limited Q2/H1 FY24 Results Investor Review Note 31st Oct 2023| Ahmedabad
Slide 3: Safe harbour statement
Safe harbour statement Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, perfor
Slide 4: Good overall Q2 performance | steady volumes masked by deflated prices
Good overall Q2 performance | steady volumes masked by deflated prices ₹ crs YoY Sequential Revenues • Q2 revenues were marginally higher on a sequential basis – Volumes across Denim, Wovens and Garments improved 1922 -11% 4% slightly over Q1 – Price realisation improved in Denims and softened in Wo
Slide 5: Consolidated P&L | continuing steady performance
Consolidated P&L | continuing steady performance YoY QoQ All figures in INR Crs Q2 FY24 Q2 FY23 Q1 FY24 Change Change Revenue from Operations 1,922 2,170 -11% 1,853 4% EBIDTA (Continuing Operations) 206 202 2% 180 14% EBIDTA % 10.7% 9.3% 9.7% Other Income 12 11 12 Interest 39 42 37 Cash Accruals (Co
Slide 6: Segment results | margins grew across both Textiles and AMD
Segment results | margins grew across both Textiles and AMD In Inr Cr Q2 FY24 Q2 FY23 Business Revenue EBIDTA EBIDTA % ROCE % Revenue EBIDTA EBIDTA % ROCE % Textiles 1455 160 11.0% 13.9% 1758 171 9.7% 15.3% Advanced Material 354 56 15.7% 33.4% 313 39 12.5% 22.3% Others & Inter Segment 112 2 99 4 Tot
Slide 7: Consolidated Balance sheet as on 30th Sep 2023
Consolidated Balance sheet as on 30th Sep 2023 Particulars 30th Sep 23 31st Mar 23 Shareholders' Fund 3426 3404 Share Capital 262 262 • Long term borrowings Reserves & Surplus 3100 3084 reduced by ₹172 crs during H1 Minority Interest 64 59 Borrowings 1420 1404 • Net Borrowings has slightly long Term
Slide 8: Textile volumes improved sequentially; revenues lower YoY given price deflation
Textile Textile volumes improved sequentially; revenues lower YoY given price deflation Textile revenues (₹ Crs) Denim -17% +3% • Volumes inched up sequentially 1,758 • Price realizations improved marginally compared to Q1 Denim 423 1,418 1,455 329 335 +2% Woven • Volume improved sequentially Woven
Slide 9: Volumes held steady across all segments of Textiles business
Textiles Volumes held steady across all segments of Textiles business; likely to pick-up in next few quarters • Export customers continued Million M 31.7 31.4 31.6 29.4 to be cautious – volumes 28.6 maintained by expanding WOVENS Domestic 14.9 13.1 14.4 10.4 10.9 customer base across geographies Exp
Slide 10: Price realizations remained low; Textile margins continued to trend up
Textile Price realizations remained low; Textile margins continued to trend up Fabric prices continued to remain low… … Textile margins continue to trend up 294 ₹/m 287 261 EBITDA Margins (%) 251 254 Denim 10.4 11.0 9.7 10.1 9.5 219 216 209 207 202 Wovens Q2 Fy23 Q3 Q4 Q1 fy24 Q2 fy24 Q2 fy23 Q3 Q4
Slide 11: AMD delivered robust volume growth and margin expansion
Advanced Materials AMD delivered robust volume growth and margin expansion AMD performance summary Comments Revenues (₹ crores) EBITDA margins (%) • AMD volumes grew 20%+ as planned; revenue growth looks muted because +13% of price deflation 354 15.7% Y-o-Y • Highlights 313 12.5% – Human Protection
Slide 12: Outlook for H2 FY'24
Outlook for H2 FY’24 • Higher interest rates continue to keep the consumer demand muted across the world – Green-shoots becoming visible in export markets as inventory correction cycle wraps up – Festival buying and macro indicators promise likely improvement in domestic markets over coming months •
Slide 13: Thank You!
Thank You!