Arvind Fashions posts fourfold losses in June quarter at Rs 23 crore

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Arvind Fashions Ltd faced a setback in Q1, with standalone net losses widening to Rs 22.9 crore due to a 13.5% revenue decline. However, consolidated net profit surged to Rs 13 crore, driven by a 16% revenue increase to Rs 1,107 crore. The company's online channel experienced robust growth, contributing 15% to the total revenue.