Arvind Fashions’ 13.88% margin tops Consumer Discretionary median
Interest and depreciation narrowed the conversion from Rs 216.39 cr of operating profit to Rs 91.39 cr of pre-tax profit.
Filed 02 Nov 2026, 18:00 IST · after market close · Arvind Fashions Ltd (ARVINDFASN)
Key takeaways
- Arvind Fashions reported a consolidated operating margin of 13.88% in Q2FY27, 1.00 percentage point above the 12.88% median for 140 Consumer Discretionary peers.
- Interest of Rs 49.23 cr and depreciation of Rs 82.76 cr reduced operating profit of Rs 216.39 cr to profit before tax of Rs 91.39 cr.
- Consolidated net profit was Rs 67.21 cr, with EPS of Rs 3.63 and a tax rate of 26.01%.
Price around the results
Interest and depreciation drove the profit bridge
The consolidated operating profit of Rs 216.39 cr was reduced by interest of Rs 49.23 cr and depreciation of Rs 82.76 cr, leaving profit before tax of Rs 91.39 cr. Other income was Rs 6.99 cr, so it was not the main driver of reported pre-tax profit.
Margin ranked above the reported peer median
Arvind Fashions’ operating margin of 13.88% was 1.00 percentage point above the 12.88% median among 140 Consumer Discretionary companies that had reported the quarter. This places the company above the sector midpoint on operating profitability for Q2FY27.
Tax and filing timing shape the read-through
Tax of Rs 23.77 cr at a 26.01% tax rate brought net profit to Rs 67.21 cr, or EPS of Rs 3.63. The consolidated results were filed after market close on 2 Nov 2026, so there is no post-results stock reaction to assess here.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹1,559 cr |
| Other income | ₹7 cr |
| Expenses | ₹1,342 cr |
| Operating profit | ₹216 cr |
| Operating margin (%) | 13.88% |
| Interest | ₹49 cr |
| Depreciation | ₹83 cr |
| Profit before tax | ₹91 cr |
| Tax | ₹24 cr |
| Net profit | ₹67 cr |
| EPS (₹) | ₹3.63 |
Operating margin of 13.88% compares with a Consumer Discretionary sector median of 12.88% across 140 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 13.88%.
- Whether interest remains around the reported Rs 49.23 cr level.
- Whether the tax rate stays near 26.01%.