India's Arvind Fashions slides on quarterly profit drop

ARVIND FASHIONS

21/07/2026 08:41

** Shares of Arvind Fashions ARVF.NS fall 2.2% to 464.5 rupees 
** The Indian retailer's consol net profit drops ~24% to 95.7 million rupees ($994,569.88) for the first-quarter period ended June 30 
** ARVF down as much as 4.1% after quarterly results were released, before recouping some losses 
** "PAT has seen a marginal dip due to lower other income as
compared with Q1 FY26," the company says 
** Stock set for its worst session in nearly a month, if current trend holds 
** More than 1 million shares traded, over 4 times their 30-day moving average
** Avg rating of seven analysts covering the stock is "strong buy"; median PT is 658 rupees - data compiled by LSEG
** YTD, ARVF stock down ~7%


($1 = 96.2225 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))