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Arvind Fashions had sold its Sephora business to Reliance Retail in the last December quarter. According to AFL, its profit from continuing business was at Rs 25 crore, up 72 per cent year-on-year.
Further, the working capital cycle has significantly improved to 43 days in FY23 from 72 days in FY20. This is a result of inventory turns rising to 4x from the lows of 2x.
AFL operates retail outlets of leading global brands such as US Polo Assn, Arrow, Tommy Hilfiger, Calvin Klein, and Flying Machine.
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