Arvind’s emerging brands have been growing steadily. Since the momentum is expected to continue, the company will continue to invest in the expansion of its distribution network, with an aim to grow sales by 20 per cent to 24 per cent in the ongoing fiscal year.

For the quarter and fiscal year ended March 2018 Arvind’s consolidated numbers were quite decent. The company saw its branded apparel business improving further over the period.

In the quarter gone by, the company’s overall sales grew on the back of improved off take in all its segments. However, prima facie, a rise in cotton prices impacted the textile segment’s margins.

Arvind’s branded apparel segment, besides being on a consistent uptrend in recent times, is still well-poised to deliver healthy returns. As a result, the company is aggressively scaling up operations and marketing expenses in this space, aimed at maximising operating leverage. The engineering segment too has put on a steady show.

The objective is to achieve a sales growth of ten per cent from the textile business, around a third of which it expects from the garments division.

Arvind recently forayed into the fast-growing athleisure category to cater to leading sportswear brands such as Nike, Adidas and Asics.