Arvind Limited

rs,

ry, 2023 To, BSE Limited Listing Dept. / Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai ‐ 400 001. Security Code: 500101 Security ID: ARVIND Dear Sir/Madam, To

13%

23 highlights | good performance given market conditions ₹ crs YoY Sequential Revenues 1980 -13% -9% EBITDA (Without other Income) – • Topline grew for Woven and AMD, degrew for Denim and othe

9%

hlights | good performance given market conditions ₹ crs YoY Sequential Revenues 1980 -13% -9% EBITDA (Without other Income) – • Topline grew for Woven and AMD, degrew for Denim and others –

26%

umes remained strong – Denim volumes saw decline and garment volumes were under pressure AMD grew 26% 186 -23% -8% • Consolidated operating EBIDTA margins were slightly lower for Q3, but almost f

23%

ed strong – Denim volumes saw decline and garment volumes were under pressure AMD grew 26% 186 -23% -8% • Consolidated operating EBIDTA margins were slightly lower for Q3, but almost flat on 9M b

8%

ong – Denim volumes saw decline and garment volumes were under pressure AMD grew 26% 186 -23% -8% • Consolidated operating EBIDTA margins were slightly lower for Q3, but almost flat on 9M basis

90bps

sing Net Debt 1504 1719 (30thSept 2022) 1682 (31st Mar 2022) – – Textile margins were lower by 90bps because of lower volumes AMD margin improved to 13.8% as against 13.0% in Q3 FY22 • Overall debt

13.8%

r 2022) – – Textile margins were lower by 90bps because of lower volumes AMD margin improved to 13.8% as against 13.0% in Q3 FY22 • Overall debt reduced by ₹215 Cr during the quarter – LT debt saw

13.0%

xtile margins were lower by 90bps because of lower volumes AMD margin improved to 13.8% as against 13.0% in Q3 FY22 • Overall debt reduced by ₹215 Cr during the quarter – LT debt saw net reduction of

₹215

lower volumes AMD margin improved to 13.8% as against 13.0% in Q3 FY22 • Overall debt reduced by ₹215 Cr during the quarter – LT debt saw net reduction of ₹135 cr and stood at ₹739 cr at the quarter

₹135

in Q3 FY22 • Overall debt reduced by ₹215 Cr during the quarter – LT debt saw net reduction of ₹135 cr and stood at ₹739 cr at the quarter close Notes: • All numbers excludes Discontinued Internet

₹739

ll debt reduced by ₹215 Cr during the quarter – LT debt saw net reduction of ₹135 cr and stood at ₹739 cr at the quarter close Notes: • All numbers excludes Discontinued Internet business which was sol

Notes

3

Notes

• All numbers excludes Discontinued Internet business which was sold during Q2FY23 3 Q3 FY23 Consolidated P&L | healthy PAT on 9mo basis

Notes

• Q3 FY23 includes following one-time impacts • EBIDTA – INR 14.5 Cr of GST Cess write off and Electoral bonds • Interest – INR 2.6 Cr of write off/repayment of TUF interest subsidy • Tax – INR 14 Cr of tax credit on account of tax loss received for sale of shares of subsidiary in earlier years • Exceptional Item- Tax gain due to reduction in tax provision on sale of Arvind Internet Subsidiary • Discontinuing business includes Arvind Internet business 4 All figures in INR CrsQ3 FY23Q3 FY22YoY Change9M FY239M FY22YoY ChangeRevenue from Operations1,9802,270-13%6,5025,81312%EBIDTA (Continuing Operations)186241-23%60855210%EBIDTA %9.4%10.6%9.4%9.5%Other Income12133240Interest4341126136Cash Accruals (Continuing Operations)155214-27%5144739%Depreciation6365187192PBT92149327281PAT7597265171Exceptional Item90502Profit from Discountinuing Operations0-4-7-14Net Profit8493308159 AMD delivered robust growth and improved margins; Textiles challenged by lower volumes in Denim and Garments • Modest r

Notes

• Segment EBITDA includes Other Income • Excluding discontinuing operations 5 ₹ CrBusinessRevenueEBIDTA EBIDTA %ROCE %RevenueEBIDTA EBIDTA %ROCE %Textiles154916110.4%14.6%191721711.3%22.8%Advanced Material3374613.7%26.4%2673513.0%21.2%Others & Inter Segment94-9863Total198019810.0%11.2%227025411.2%15.5%Q3 FY22Q3 FY23 Textile Lower volumes drove down revenues in Denim and Garments, Wovens revenues remained steady Textile revenues (₹ Crs) 1,917 -12% around 11-12M m Denim • Quarterly volumes appear to be stabilizing Denim 576 Woven 704 Garments 452 Others Inter Segment 294 -109 1,758 423 711 450 256 -83 1,549 318 695 409 251 -125 -25% -2% -9% • Realization started trending down in tandem with cotton prices and contributed to the quarterly decline Woven • Q3 volume remained stedy around 31/32 for last 2/3 quarters • Realization saw slight reduction QoQ Garments • Q3 volumes ~7.9 M pcs Q3 fy22 Q2 fy23 Q3 fy23 6 Textile Volumes dropped in Denim & Garments as customers continue to postpone pur