See no margin impact on arvind from this new venture in the first year, executive director Kulin S Lalbhai said.
Capital outlay for first year of e-commerce is Rs 20 crore
Textile and apparel major Arvind has forayed into the e-commerce segment with custom clothing brand 'Creyate'. Betting big on e-tailing the company aims to achieve Rs 1,000 crore sales in next three years from this launch.
Speaking to CNBC-TV18 about it, executive director Kulin S Lalbhai said that e-commerce will be major growth driver for company. Arvind will focus on ecommerce for couple of years and will house under Arvind Internet Ltd, he added.
Arvind confident of breakeven for new venture in three years, he said.
Also Read: Arvind Q1 net profit up 33% at Rs 90.5 cr
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Arvind stock price
On August 11, 2014, Arvind closed at Rs 230.95, up Rs 3.00, or 1.32 percent. The 52-week high of the share was Rs 247.40 and the 52-week low was Rs 65.00.
The company's trailing 12-month (TTM) EPS was at Rs 15.31 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 15.08. The latest book value of the company is Rs 102.09 per share. At current value, the price-to-book value of the company is 2.26.
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