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Aditya Birla Fashion and Retail Limited (ABFRL) has posted a strong 79 per cent growth in Profit After Tax (PAT) at ₹203 crore during the quarter ended March 31, against a profit of ₹113 crore a year ago.
The company reported a 9 per cent growth in revenue at ₹1,915 crore during the quarter as compared with ₹1,754 crore in the year-ago period, on the back of a healthy performance of its lifestyle and fast fashion business.
The Kumar Mangalam Birla-promoted retail company has two business divisions — Madura and Pantaloons.
Madura — with lifestyle brands such as Louis Philippe, Van Heusen, along with fast fashion brands Forever 21 and People — has recorded 14 per cent growth in revenue in the quarter at ₹1,320 crore.
While EBITDA for the lifestyle brands witnessed a marginal increase at ₹169 crore (₹166 crore), revenue grew by 12 per cent ₹1,132 crore (₹1,015 crore).
The fast fashion segment continued to deliver steady performance, with EBITDA losses for the quarter flat at ₹5 crore.
Other businesses witnessed a strong 65 per cent growth in revenues during the quarter, with losses at ₹24 crore.
Points of focus
The company’s innerwear business continues to scale at a rapid pace, expanding its footprint to around 14,000 outlets across the country.
Global brands continued to gain scale, with the first Ralph Lauren store launched at Delhi.
The value retail chain Pantaloons, which the company had acquired from Future Group, posted a marginal decline in revenues at ₹633 crore in Q4 as against ₹641 crore in the year-ago period.
The company said in a statement that Pantaloons will continue to grow by focussing on improving its value proposition and targeting newer markets to expand its footprint.
Lifestyle brands will focus on brand strengthening, category extensions, store network expansion and customer centricity, the company added.
“Overall, ABFRL is well positioned to surge ahead in the billion-dollar market and build on its current momentum,” the statement added.
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