Arvind Ltd appoints Punit Lalbhai as new Executive Head-Textiles and Appare
Arvind Limited is accelerating its transition into a vertically integrated fashion powerhouse, marked by the appointment of Punit Lalbhai as the new Executive Head-Textiles and Apparel effective April 1, 2026. Succeeding industry veteran Susheel Kaul, this move aligns with a period of unprecedented fiscal strength. In its latest Q2 FY26 earnings, the conglomerate reported a staggering 70 per cent growth in net profit to Rs 107 crore, underpinned by record quarterly revenues of Rs 2,371 crore. This growth is propelled by high-capacity utilization in its garmenting division, which delivered an all-time high output of 10.7 million pieces.
The leadership ‘refresh’ arrives as Arvind pivots toward a circular economy model. Through its PurFi Arvind Manufacturing India (PAMI) venture, the company is scaling rejuvenated fiber production in Gujarat to convert textile waste into high-quality yarn for global retailers. While facing a Rs 23 crore margin impact from shifting trade tariffs, the firm is offsetting costs through its Advanced Materials Division (AMD), which grew 14.9 per cent this quarter. By integrating AI-driven production and supercritical CO2 dyeing - which slashes water usage by up to 90 per cent -Arvind is moving beyond traditional fabric manufacturing to become a resilient, tech-first partner for the global apparel industry.
Founded in 1931 during the Swadeshi movement, Ahmedabad-headquartered Arvind Limited is the flagship of the Lalbhai Group. Originally a superfine fabric mill, it evolved into a global denim leader by the 1980s. Today, it operates as a multi-sector conglomerate focusing on high-end textiles (denim, wovens, and knits), advanced materials (composites and protective gear), and environmental solutions.
Key markets include the U.S., Europe, and a dominant domestic presence through its subsidiary, Arvind Fashions. The company is currently executing a Rs 450 crore capital expenditure plan focused on verticalization and sustainability. With a goal of 100 per cent renewable energy utilization by 2026, Arvind remains one of India's most financially stable textile giants, maintaining an IND AA/Stable rating while exporting to over 100 countries.