Home / Knowledge / News / Apparel/Garments / Aditya Birla's fashion biz on track despite challenges
Aditya Birla's fashion biz on track despite challenges
28
Nov '13
Aditya Birla Nuvo Ltd (ABNL), part of the Aditya Birla group, is well on its way to become the largest integrated branded fashion player in the country, driven by robust performance of Madura Fashion & Lifestyle which owns brands like Louis Philippe, Van Heusen, Allen Solly , Peter England and People.

The company’s fashion & lifestyle business reported a growth of 17 per cent in revenues at Rs 1,613 crore for the second quarter ended September 2013. For the half year ended September 2013, the revenues were up 32 per cent year-on-year at Rs 2,907 crore.

With retail presence expanding to 1,587 stores across 3.9 million sq. ft. as of September 30, 2013, the EBITDA during the Jul-Sep 2013 quarter also rose to Rs 155 crore from Rs 137 crore in the corresponding quarter of previous fiscal.

Revenue break-up for the second quarter shows that “branded apparels and accessories” segment contributed most to the growth during the quarter. Revenues from branded apparel were up 19.5 per cent at Rs 1,303 crore as against Rs 1,090 crore in the year ago period.

Building up momentum in the company’s branded apparel segment is recent acquisition of Pantaloon Retail which almost doubled ABNL’s retail presence and also provided an entry into categories like ethnic and children wear.

For the half-year ended September 2013, Pantaloons’ revenues almost doubled to Rs 832 crore from Rs 450 crore a year ago. The company launched 3 new Pantaloons stores during the September quarter and also introduced Madura brands like Louis Philippe, Van Heusen, Allen Solly & Peter England in those stores. ABNL said “Pantaloons is in investment phase and is strengthening its retail presence, brand positioning and merchandize to enhance sell through.”

“Pantaloons’ EBITDA margin to remain muted in the short run, business being in the investment phase. Finance costs optimized through debt refinancing,” said ABNL in a statement.

Meanwhile, Madura Fashion, whose brand portfolio includes product lines that range from affordable and mass-market to luxurious, high-end style, reported a 30 per cent growth in revenues during the quarter at Rs 840 crore, driven by strong volume growth across brands and products.

Sales in Madura’s retail channel grew by 27 per cent, led by store expansion and 7 per cent like-to-like growth. Sales from Wholesale Channels also grew by 39 per cent and EBITDA surged sharply by 82 per cent at Rs 118 crore. The company’s ROACE (annualized) increased to 82 per cent from 32 per cent a year ago.

Going forward, the company says it will focus on building brand leadership, scaling up retail space & enriching product portfolio in the apparels business.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X