&w=3840&q=100)
Arvind Fashions shares rise 3% on naming new MD and CEO; check details here
The speciality retail company's stock rose as much as 3.45 per cent during the day to ₹476.7 per share, the biggest intraday gain since June 27 this year. The stock pared gains to trade 2.8 per cent higher at ₹473.7 apiece, compared to a 0.13 per cent decline in BSE Sensex as of 11:30 AM.
Shares of the company rose for the third straight session and currently trade at 2 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 7.7 per cent this year, compared to a 5.8 per cent advance in the benchmark Sensex. Arvind Fashions has a total market capitalisation of ₹6,312.34 crore.
Arvind Fashions appoints new MD and CEO
The company announced the appointment of Amisha Jain as its new MD and CEO, effective August 13, 2025, according to an exchange filing. The move is part of the company's succession planning, with current MD & CEO Shailesh Chaturvedi's five-year term set to expire on January 31, 2026.
Amisha Jain brings over 25 years of leadership experience across technology, consumer, and retail sectors, the company said in the statement.
An alumna of INSEAD and a former consultant at McKinsey, she is known for leading large-scale transformations and driving growth in both traditional and digital-first companies, it said. Most recently, she served as MD and Senior Vice President for South Asia, Middle East, Africa, and Eastern Europe at Levi Strauss & Co., where she played a key role in expanding the brand's presence and business performance in the region.
Arvind Fashions Q4 results
Arvind Fashions reported a net loss of ₹93.15 crore for the quarter ended March 2025, a sharp reversal from the net profit of ₹24.32 crore in the same quarter last year. Despite the loss, the company posted an 8.7 per cent year-on-year (Y-o-Y) rise in revenue, with sales increasing to ₹1,189.06 crore from ₹1,093.85 crore in the March 2024 quarter.
About Arvind Fashions
Incorporated in January 2016, the company is one of India's foremost lifestyle companies with a strong portfolio of renowned fashion brands.
It has achieved leadership status in the casual and denim segment by catering to the fashion aspirations of the entire family. Their brands have a significant presence in multiple store formats and on e-commerce platforms, ensuring accessibility and convenience for customers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
US Weighs Options for Penalizing Russia Beyond India Tariffs
(Bloomberg) -- President Donald Trump's additional 25% tariff on India for its purchases of Russian oil could be just the first shot he aims at Moscow's energy revenues ahead of a Friday deadline, as the US weighs options to get President Vladimir Putin to end the war against Ukraine. In addition to punishing buyers of Russian energy with tariffs, the Trump administration is considering new sanctions on Moscow's covert fleet of oil tankers and several entities that enable them to operate, according to people familiar with the matter, who spoke before the administration posted the executive order on India tariffs to social media. Earlier Wednesday, Putin concluded a three-hour meeting with US envoy Steve Witkoff at the Kremlin as Russia worked to avert the ongoing penalties. The Russian leader exchanged 'signals' with Trump on Ukraine at the meeting with the envoy, Kremlin foreign policy aide Yuri Ushakov told reporters, without elaborating. Secretary of State Marco Rubio said there would be an announcement on Russia fairly soon — with more discussions happening throughout the day — after he was briefed by Witkoff on the phone following the Putin meeting, a CNN reporter said on X. West Texas Intermediate swung between gains and losses to trade near $65 a barrel after Rubio's reported comment. Oil fluctuated in choppy trading as traders await news on whether Trump will take further action to choke Russian energy flows. Trump spoke with Ukraine President Volodymr Zelenskiy on Wednesday, according to a report by Axios. The outlet also said the US still expected to implement secondary sanctions on Friday despite the Witkoff-Putin conversation going well, citing a White House official. The Russian vessels have become instrumental to its ability to move its oil despite US and European sanctions. 'The shadow tanker fleet is the backbone of Russia's sanctions evasion and war financing,' Andriy Yermak, Ukrainian President Volodymyr Zelenskiy's chief of staff, said on the X platform. The Financial Times first reported the potential measures on Russia's shadow fleet. The people said the Trump administration is considering a range of options to restrict Putin's energy revenues. Other possibilities could include measures targeting oil companies and actions to better enforce existing restrictions. --With assistance from Catherine Lucey and Gregory White. (Updates with Rubio comment, other details in fourth through sixth paragraphs.) More stories like this are available on
Time of India
3 hours ago
- Time of India
McDonald's returns to sales growth with budget meals and promotions
McDonald's sales picked up in the latest quarter, suggesting that pop culture-focused collaborations and budget meals are helping to offset diners' economic anxiety. Global sales at restaurants open at least 13 months rose 3.8% in the second quarter, the company said Wednesday. That's higher than the average estimate of analysts polled by Bloomberg. International markets led the company's growth, while the US was slightly ahead of expectations as Americans spent more per trip. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The results ended four quarters of declining or tepid growth as the burger chain dealt with an E. coli outbreak, backlash against American brands in the Middle East and consumer unease about the economy in response to President Trump's trade disputes. The chain's second-quarter efforts to bring in customers included a meal timed to the launch of the Minecraft movie and a Squishmallows themed limited-time offer. In the US, the company launched chicken strips while trying to win over budget-sensitive diners with offerings such as its meal bundle starting at $5. The turnaround in the US is stark, with sales rising 2.5% in the second quarter after slumping in the 3 months ended late March. It also contrasts with a mixed picture across the restaurant industry. Live Events The overall second-quarter results show that McDonald's strategy is working and could lead to "sustained" same-store sales outperformance compared to the rest of the industry, Citi analyst Jon Tower said. Rivals such as Chipotle Mexican Grill and Pizza Hut are grappling with pullbacks as they struggle to convey to customers that their meals are a good deal.
Hindustan Times
3 hours ago
- Hindustan Times
Verizon discontinues free perks and hikes service charges, sparks backlash
Verizon customers are bracing for more changes as the telecom giant revokes popular gaming perks and loyalty discounts from its older 5G plans while raising prices yet again. The phone carrier has confirmed they are discontinuing free Apple Arcade and Google Play Pass subscriptions for their customers on 5G Get More and 5G Play More plans. The perks long considered to be value additions will be removed from customer accounts starting September 25, 2025, reported PhoneArena. Verizon discontinues popular free subscription plans.(Bloomberg) The subscriptions, which usually cost $6.99 (Apple Arcade) and $4.99 (Google Play Pass) monthly, allowed customers to access a wide library of mobile games. Now, customers whose six-month promotional period ends before September 25 will be charged unless they cancel. If it ends on or after the date, the perk will be removed automatically with no charges. According to a PhoneArena report, Verizon clarified that the gaming perks will remain available for customers who switch to the company's newer myPlan subscription and opt for the Apple One add-on. Also read: Verizon seeks FCC approval to lock phones for 6 months: Here's what you need to know Price hikes and loyalty discounts also on the chopping block Another report in The Street stated that the loss of perks is part of a larger pattern of cost increases and benefit reductions that have left many Verizon customers frustrated. Earlier this year, Verizon raised prices across several plans, including 5G Start, Play More, Get More, and Do More, citing rising operational costs. It has also increased the device activation fee from $35 to $40 and is reportedly raising tablet data plan prices. Fueling the displeasure is the removal of loyalty discounts, which somehow ranged from $10 to $40 a month, from accounts starting September 1. The discounts were always there to encourage customers never to switch and remain with Verizon, but now, Verizon is sending an email to the affected users to nudge them into moving to myPlan. Customer backlash grows amid mixed messaging The changes follow the company's renewed commitment to valuing customer loyalty and experience. During the earnings call of July 21, Verizon CFO Tony Skiadas stated the company was now 'doubling down' on retention efforts through AI-based personalised support and access to exclusive events. However, those words seem to be at odds with the operations that have recently come from Verizon. Back to that very call, Hans Vestberg measured that the recent price increases and benefit cuts had, indeed, caused Verizon to shed 51,000 postpaid customers in Q2 2025. He also said the company would continue being 'financially disciplined' and focus on what it calls 'high-quality customers,' essentially meaning that it is happy for customers who turn down its higher prices to go elsewhere. FAQs: Q1: When will the free Apple Arcade and Google Play Pass perks end? A: These perks will be removed on September 25, 2025. Q2: Will I be charged after the perks end? A: If your free trial ends before September 25, you will be charged unless you cancel. If it ends on or after that date, it will be removed automatically without charges. Q3: Can I still access these perks under a different plan? A: Yes. You can access Apple Arcade by switching to myPlan and selecting the Apple One perk. Q4: What is happening to loyalty discounts? A: Verizon will begin removing loyalty discounts starting September 1, 2025. Q5: Why is Verizon making these changes? A: The company cites rising operational costs and a focus on profitability. It is also aiming to push more customers towards myPlan, which comes with a three-year price lock (excluding taxes and fees).
