Companies

Aditya Birla Fashion net doubles to ₹70 cr on rising demand for lifestyle brands

Our Bureau New Delhi | Updated on February 04, 2019 Published on February 04, 2019

Aditya Birla Fashion and Retail has reported that its net profit doubled in December quarter to ₹70 crore from ₹35 crore on the back of higher sales.

Revenue in the quarter under review was up 23 per cent at ₹2,282 crore (₹1,855 crore). Earnings before interest, tax, depreciation and amortisation was up 28 per cent at ₹186 crore (₹145 crore).

Madura’s business segment consisting of Lifestyle brands (Louis Philippe, Van Heusen, Allen Solly and Peter England) Fast Fashion (Forever 21 and People) and Others (Innerwear and International brands) recorded 18 per cent revenue growth at ₹1,345 crore (₹1,139 crore), while Ebitda rose by 24 per cent to ₹101 crore (₹81 crore).

Revenue for lifestyle brands increased by 16 per cent to ₹1,137 crore, while that of Pantaloons was up 28 per cent to ₹961 crore.

The company expects the growth to gain momentum led by product innovation, network expansion, growth category expansion and marketing campaigns.

Published on February 04, 2019
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