Arvind Fashions

What Arvind Fashions does

Arvind Fashions Limited is an India-listed (BSE/NSE ticker ARVINDFASN) branded apparel and retail company, spun off from Arvind Limited in 2016 and listed in 2019. The company holds a portfolio of 15+ licensed and owned brands spanning the value, premium, and bridge-to-luxury segments, including Arrow, U.S. Polo Assn., Flying Machine, Calvin Klein, Tommy Hilfiger, GAP, GANT, Nautica, Sephora, Ed Hardy, Aeropostale, The Children's Place, Unlimited, Izod, True Blue, and Hanes Innerwear. Its operating model rests on three business divisions (Heritage Brands, Lifestyle Brands, and Premium to Bridge-to-Luxury) supported by dedicated divisional CEOs.

The company distributes through an omnichannel network of 1,300+ exclusive brand outlets, 5,000+ departmental and multi-brand stores across 192+ Indian cities, and owned digital platforms nnnow.com and megamartfashions.com, supplemented by marketplace partnerships with Flipkart, Amazon, and Myntra. Direct-to-consumer channels currently contribute 56% of total sales, with a stated target of 65% over approximately three years. Revenue is generated primarily through retail apparel sales (one-time purchases) and licensing royalties paid to international brand owners; the company sources roughly 30 million products per season.

For FY26, Arvind Fashions reported consolidated revenue of Rs 5,266.19 crore (up 14% from Rs 4,619.84 crore in FY25) and net profit of Rs 183.66 crore versus Rs 32.98 crore the prior year. Q4 FY26 revenue of Rs 1,365 crore grew 15% YoY with EBITDA of Rs 189 crore at a 14% margin. Flagship brand U.S. Polo Assn. has crossed Rs 2,500 crore in revenue, while Flying Machine is being repositioned as a digital-first, unisex Gen-Z label with a dedicated D2C platform planned for H2 FY27. Customer segments are horizontal across personas, including value-conscious buyers (Unlimited), premium urban consumers (Arrow, USPA, Flying Machine), bridge-to-luxury aspirational buyers (Calvin Klein, Tommy Hilfiger, GAP, GANT), and Gen-Z youth (Flying Machine repositioning).

Name

Arvind Fashions

Legal name

Arvind Fashions Limited

Website

https://arvindfashions.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Arvind Fashions is an India-listed branded apparel retailer and licensor managing 15+ international and domestic brands across value, premium, and bridge-to-luxury segments, distributed through 1,300+ exclusive stores, 5,000+ multi-brand outlets, and owned e-commerce platforms serving mass-market Indian consumers.

Ownership category

akta.pro rank

Product category

Branded Apparel Retail

NAICS

Clothing and Clothing Accessories Retailers (45811), Shoe Retailers (45821), Health and Personal Care Retailers (456)

SIC

Retail-Apparel & Accessory Stores (5600), Retail-Shoe Stores (5661)

akta.pro primary industry

Luxury & Designer Apparel Retail (CRAAABAI)

akta.pro secondary industries

Men’s Apparel Retail (CRAAABAC), Luxury Fashion (Ready-to-Wear & Couture) (CRAKAFAE), Luxury & Designer Footwear (CRAAACAI), Off-Price Luxury / Designer Resale & Discount Boutiques (CRAEABAE)

Keywords

• Branded apparel retail
• Fashion retail
• Licensed brand distribution
• Omnichannel fashion
• Specialty apparel

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Branded Apparel Sales: Core revenue from selling branded apparel through owned stores, multi-brand outlets, and e-commerce. Company operates multiple international and domestic brands including Arrow, Calvin Klein, Tommy Hilfiger, U.S. Polo Assn., Flying Machine, GAP, GANT across value, premium and bridge-to-luxury segments. Revenue streams include retail sales from 1,300+ standalone stores and wholesale to 5,000+ departmental stores.
2. Licensing Royalties: Revenue from licensing international brands (Calvin Klein, Tommy Hilfiger, GAP, GANT, Nautica, Sephora, USPA) for Indian market operations. Company pays royalties to brand owners while retaining distribution and retail margins.
3. Direct-to-Consumer (D2C): Company's owned e-commerce platforms (nnnow.com, megamartfashions.com, thearvindstore.com) and exclusive brand outlets generate direct consumer sales. D2C channels account for 56% of total sales, growing towards 65% target.
4. Wholesale/Multi-brand: Wholesale supply to departmental and multi-brand stores across India. Company supplies to over 5,000 stores in 192+ cities and towns, generating steady wholesale revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Arvind Fashions Limited is a publicly listed Indian branded apparel company that licenses, distributes and retails a portfolio of international and homegrown fashion and beauty brands across value, premium and bridge-to-luxury segments. It operates through three divisions: Heritage Brands (Arrow, True Blue), Lifestyle Brands (US Polo Assn., Flying Machine, Ed Hardy), and Premium to Bridge-to-Luxury (Calvin Klein, Tommy Hilfiger, GAP, GANT, Nautica), alongside Sephora beauty retail in India. Products are sold through 1,300+ exclusive brand outlets, 5,000+ multi-brand stores across 192+ cities, and owned e-commerce platforms including nnnow.com.

Product overview

Arvind Fashions is a diversified branded apparel and retail company operating a multi-segment portfolio of international and domestic brands across value, premium, and bridge-to-luxury segments. The company operates through three main business divisions: Heritage Brands (Arrow, True Blue), Lifestyle Brands (U.S. Polo Assn., Flying Machine, Ed Hardy), and Premium to Bridge-to-Luxury (GAP, GANT, Calvin Klein, Tommy Hilfiger, Nautica). Its retail footprint includes 1,300+ standalone stores and 5,000+ multi-brand stores across 192+ cities, with retail formats such as Megamart (multi-brand value format), Club A (premium), Stride (footwear), and the Arvind Store (premium fabric and apparel). The company also operates e-commerce through nnnow.com and brand-specific online storefronts.

Differentiator

Problem solved

Functional benefit

Brands

• Arrow: International formal shirt brand; India's first branded international formal shirt
• Calvin Klein
• Flying Machine
• Tommy Hilfiger
• U.S. Polo Assn.
• GAP
• GANT
• Nautica
• Ed Hardy
• Aeropostale
• The Children's Place
• Unlimited
• Izod
• True Blue
• Sephora
• Megamart
• Club A
• NNNOW
• Stride

Products and services

• Arrow Premium formal shirt brand targeting professional men; India's first branded international formal shirt. Operated by Arvind Fashions under its Heritage Brands Division.
• Calvin Klein Premium international fashion brand licensed and operated by Arvind Fashions in India, targeting aspirational consumers in the bridge-to-luxury segment.
• Flying Machine India's first homegrown denim label, now repositioned for Gen-Z consumers with unisex styling and digital-first strategy. Fully owned by Arvind Fashions after acquiring Flipkart's stake in December 2025.
• Tommy Hilfiger Premium international lifestyle brand operated as a joint venture between Murjani Group and Arvind Limited, offering apparel and accessories in the bridge-to-luxury segment.
• U.S. Polo Assn. Flagship brand of Arvind Fashions offering casual and sports-inspired apparel with sustainable product lines including responsible jeans with sustainable cotton and non-hazardous washing processes.
• GAP American casual lifestyle brand operated by Arvind Fashions, featuring clean, confident, comfortable, and accessible classic and modern apparel.
• GANT Premium Swedish sportswear and casual clothing brand in Arvind Fashions' bridge-to-luxury portfolio.
• Sephora India Premium beauty retailer operated by Arvind Fashions in India, offering cosmetics, skincare, and beauty products.
• Megamart Multi-brand retail format offering a constellation of iconic brands including Arrow, Calvin Klein, Flying Machine, Tommy Hilfiger, and U.S. Polo Assn. under one roof, with everyday value proposition.
• Club A Premium retail format featuring Arvind Fashions' portfolio of brands.
• Stride Footwear retail format offering diverse variety of footwear brands including homegrown, acquired, licensed, and joint venture brands, from casual slip-ons to classic loafers and sneakers.
• nnnow.com Arvind Fashions' owned multi-brand online shopping platform offering portfolio brands including Calvin Klein, Tommy Hilfiger, GAP, Arrow, USPA, accessible via website and integrated with brand storefronts.
• Unlimited Value fashion brand targeting budget-conscious consumers, part of Arvind Fashions' mass-market retail operations.
• Hanes Innerwear Innerwear brand under Arvind Fashions' innerwear business division, offering basic apparel essentials; operated with COO Nitin Agarwal driving strategy and growth alongside U.S. Polo Innerwear brand.
• Ed Hardy Brand known for its distinctive tattoo-inspired designs, part of Arvind Fashions' lifestyle brands division.
• Nautica Premium American apparel brand in Arvind Fashions' portfolio, offering classic American style with modern sensibility.
• Aeropostale American casual apparel brand targeting young adults, part of Arvind Fashions' portfolio.
• The Children's Place Children's apparel brand in Arvind Fashions' portfolio, offering clothing and accessories for kids.
• Izod Sports-inspired casual wear brand in Arvind Fashions' portfolio.
• True Blue Premium denim and casual wear brand, piloted sustainable cotton blend products.
• Arvind Store Premium retail format offering finest fabrics and ready-to-wear collections under Arvind's philosophy of Fashioning Possibilities.

Quantifiable outcome

• Revenue grew 14% to ₹5,266 crore in FY26 with net profit surge to ₹183.66 crore from ₹32.98 crore
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core.

• Tommy Hilfiger (Murjani Group JV)coreStrategic or Co-development PartnerJoint venture with Murjani Group for Tommy Hilfiger Apparels India. Shailesh Chaturvedi serves as MD & CEO of Tommy Hilfiger Apparels India JV. Company has successfully built Tommy into one of India's most admired and aspirational brands over 15+ years.
• Calvin KleincoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for Calvin Klein in India. Company took over Calvin Klein brand in FY18 and has scripted strong turnaround of the business.
• GAPcoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for GAP in India under Premium to Bridge to Luxury business division led by Parag Dani.
• GANTcoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for GANT in India under Premium to Bridge to Luxury business division.
• U.S. Polo Assn.coreOEM/ Whitelabel/ Licensing PartnerFlagship brand that has crossed ₹2,500 crore revenue scale. Amitabh Suri serves as CEO-USPA. Brand includes sustainable product lines with responsible cotton and non-hazardous washing processes.
• SephoracoreOEM/ Whitelabel/ Licensing PartnerSephora India operations under Arvind Fashions. Vivek Bali serves as CEO-Sephora India, leading beauty business development and retail operations.
• NauticacoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for Nautica in India under Premium to Bridge to Luxury business division.
• AeropostalecoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for Aeropostale in India.
• Ed HardycoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for Ed Hardy in India under Lifestyle Brands Division.
• The Children's PlacecoreOEM/ Whitelabel/ Licensing PartnerLicensed brand operations for The Children's Place in India.
• ArrowcoreOEM/ Whitelabel/ Licensing PartnerIndia's first branded international formal shirt brand. Anand Aiyer serves as CEO-Arrow. Suman Saha also serves as CEO-Arrow at different points.
• Arvind LimitedcoreStrategic or Co-development PartnerParent company and manufacturing arm providing fabric and apparel manufacturing capabilities. Arvind Fashions spun off from Arvind Limited in 2016. Sanjay Lalbhai is Chairman of Arvind Ltd and connected to AFL. Kulin Lalbhai and Punit Lalbhai serve as Executive Directors across both entities.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Aditya Birla Fashion and Retail: India's largest listed branded apparel company (Madura Fashion & Lifestyle: Louis Philippe, Van Heusen, Allen Solly, Peter England; Pantaloons retail; plus international brands). Directly comparable in multi-brand Indian apparel retail across value to premium and licensing model with international brands.
• Trent Limited: Operates Westside (lifestyle chain) and Zudio (value fashion chain) in India. Comparable because it is a major domestic multi-brand apparel retailer with strong store rollout momentum, especially in the value and premium mass segments where Arvind's Unlimited, USPA and Flying Machine compete.
• Shoppers Stop: Department-store format retailer in India stocking many of the same international brands Arvind Fashions licenses (Calvin Klein, Tommy Hilfiger, etc.) and a private-label portfolio. Comparable as a multi-brand fashion retailer with overlapping brand mix and store-based model.
• Metro Brands: India's largest listed footwear retailer (Metro, Mochi, Walkaway, Crocs licensee). Directly comparable to Arvind's Stride footwear division given similar premium footwear positioning and multi-brand retail model.
• Bata India: Heritage Indian footwear retailer with thousands of stores. Comparable to Arvind's Stride business as a mass-to-premium footwear retailer operating its own store network.
• Page Industries: Exclusive licensee of Jockey and Speedo in India. Directly comparable business model to Arvind Fashions as a long-duration licensee of international brands, with strong D2C and exclusive store distribution in India.

Broad incumbents

• Reliance Retail Ventures: Largest retailer in India operating Reliance Trends (value apparel), Ajio (e-commerce fashion) and a wide portfolio of fashion, jewellery and beauty formats. Competes with Arvind across multiple price tiers and channels but is far larger and more diversified.

Emerging players

• V-Mart Retail: Value-focused fashion retailer operating in tier-II/III India. Comparable to Arvind's Unlimited and Megamart value segment in target geography and customer, though with a narrower price-point focus.
• Cantabil Retail India: Listed Indian mid-market apparel retailer with own brand and EBOs across India. Comparable to Arvind's mid-market brand stores (Arrow, USPA, Flying Machine) in distribution format, though at much smaller scale.

Others

• PVH Corp: US-based parent of Calvin Klein and Tommy Hilfiger — the two anchor international brands Arvind Fashions licenses for India. Relevant as the upstream licensor whose strategic priorities and contract terms materially shape Arvind Fashions' bridge-to-luxury business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ArvindStore
• YouTubeyoutube.com/@ArvindFashionsLtd
• Facebookfacebook.com/ALBLOFFICIAL/?ref=bookmarks
• LinkedInlinkedin.com/company/arvindfashions
• Instagraminstagram.com/arvindfashionslimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles33 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arvind Fashions