Arvind's Q1 Results: Net profit drops 40% YoY as inflationary pressures weigh

Arvind Ltd Q1 Results: Indian clothing retailer Arvind reported a 40% drop in first-quarter profit, with net profit falling to 393.1 million rupees. Revenue from operations dipped by 1%, and the core textile segment saw a 5% decline. Inflation and illegal workers' unrest contributed to lower consumer spending. The company's shares fell 2.8% post-results.