From Subsidiary Annual reports we can see the below :
PVH (Tommy & CK) – 1040 cr Revenue, 100 cr Profit. (50% Share of this goes to PVH)
Arvind Youth Brands (Flying Machine) – 474 cr Revenue, -5 Cr Profit
Arvind Beauty Brands (Sephora) – 338 cr Revenue, -20 cr Profit (Sold to Ril)
Rest – ~3000 cr Revenue, 13 cr Profit
With Sephora exit, the remaining business FY22-23 Profit can be taken as 57 (37+20). Plus the sale proceeds can be used to reduce debt further by ~8 cr (100 * 8% interest), resulting in like for like profit of 62.5 cr post tax (57 +5.5).
Do let me know if some false assumptions made.
| Subscribe To Our Free Newsletter |
