Textiles
Textiles
from 557 today
Arvind reported strong 1QFY27 results driven by robust volume momentum in denim and record performance in Advanced Materials. We reiterate our BUY rating with a target price of INR670, valuing the stock at 12x FY28E EV/EBITDA, supported by the strategic transformation toward a garments-led business.
We believe ARVND is on the verge of a strategic transformation from a fabric-focused player to a garments-led business, offering a larger addressable market. We reiterate our BUY rating with an EV/EBITDA-based target price of INR670, valuing the stock at 12x FY28E EV/EBITDA.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
