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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

With major headwinds for Arvind Fashions Ltd. now past, we expect a revival in growth and better margins in its key power brands. These account for 80% plus of its revenue and almost all its Ebitda. Hence, brighter prospects make us upbeat on the company.

Ahead, Arvind Fashions will concentrate on its six focus brands, optimise working capital via better inventory turns, and expand its network through franchisees.

We expect more cash generation and better return ratios, and debt to shrink. Revenue would be 3.5% more each year (FY22- 24) due to good revenue recovery. FY22E/FY23E/FY24E Ebitda are 7/18/ 7% higher, driven by sales growth and the higher power-brand margins.

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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