Arvind Fashions Ltd, which distributes brands such as US Polo and Calvin Klein in India, reported a 31.8% increase in fourth-quarter profit on Tuesday, driven by sales growth.

Consolidated net profit from continuing operations of the Bengaluru-based company increased to 294.9 million rupees ($3.57 million) for the three months ended March 31, from 223.8 million rupees a year earlier.

Most companies in the apparel and footwear sector reported profit this quarter, as high-end customers have returned to pre-pandemic purchasing levels, thanks to increased demand for formal wear and accessories.

The retailer, which has a portfolio of internationally owned and licensed brands including Sephora, Arrow and Tommy Hilfiger, said revenue rose 24.4% to $11.40 billion rupees.

According to the company, sales growth was driven by a strong winter apparel business, helped by a late winter start and strong end-of-season sales.

Revenue from the company’s major brands, such as US Polo and Tommy Hilfiger, which accounted for more than 80% of the total, increased by 26.2%. Its new brands, including Calvin Klein and Sephora, also saw a 16.8% increase in sales.

The footwear and children’s clothing segments also recorded year-on-year growth of more than 50% and nearly 25%, respectively.

Rival Tata Group’s Trent Ltd, which operates the Westside chain of stores, saw profit increase by 65%, while Shoppers Stop Ltd made a profit in the quarter. In contrast, Aditya Birla Fashion and Retail Ltd reported its first quarterly loss in almost two years.

The company has also recommended a dividend of 1 rupee per share for the financial year ending March 31, 2023.

Arvind Fashions shares closed up 2.56% at 272.65 rupees after the earnings release.

($1 = 82.7058 Indian rupees) (Reporting by Ashish Chandra in Bengaluru; Writing by Sohini Goswami)