CARE upgrades Arvind credit rating to AA with stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

ARVIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.5%1-day move

₹540.00

prior close

₹539.25

base price

After-mkt

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AI summary

CARE Ratings upgraded Arvind long-term credit rating to AA (Stable) from AA- (Stable). Short-term ratings reaffirmed at A1+. Upgrade covers about 2,043 crore of long-term and combined bank facilities. Driver factors include stronger business mix from advanced materials and garments, PBILDT margin improving to 11.51% in FY26 from 10.90% in FY25, net-debt to PBILDT improving to 1.75x, and 500 crore equity raise used to fund the Dalco acquisition. FY26 textile revenue grew 12% to 6,897 crore.

Likely market impact

Positive: stronger credit profile, lower borrowing cost, supports growth plans in advanced materials and garments. Stable outlook retained.