Home / Knowledge / News / Apparel/Garments / EBITDA at fashion division of Aditya Birla Nuvo surges 53%
EBITDA at fashion division of Aditya Birla Nuvo surges 53%
13
Aug '14
Led by revenue growth and margin expansion across formats, EBITDA at the fashion & lifestyle business of diversified firm Aditya Birla Nuvo soared by 53 percent year-on-year to Rs 109 crore in the first fiscal quarter ending June 30, 2014.

While, sales at the fashion & lifestyle division rose 18 percent year-on-year to Rs 1,528 crore in the quarter under review.

Madura Fashion & Lifestyle achieved all round growth in earnings. Its revenue surged 23 percent year-on-year to Rs 787 crore and EBITDA soared 66 percent year-on-year to Rs 62 crore, while EBITDA margin expanded by 200 basis points.

Sales at Pantaloons grew 12 percent year-on-year to Rs 386 crore. Led by execution of portfolio strategy and improved merchandising, gross margin expanded by over 300 basis points.

However, the annualisation impact of business building costs and higher accelerated depreciation on account of stores refurbishment strained the bottom-line of the business, Aditya Birla Nuvo said.

During the quarter, 66 stores were opened to reach 1,791 exclusive brand outlets/stores, spanning nationwide across 4.4 million square feet.

Pantaloons had also announced that it is raising capital through a rights issue to fund its growth capital requirements.

In its textile division, Aditya Birla Nuvo said that Jaya Shree Textiles attained its highest ever quarterly earnings led by expansion in linen segment.

To strengthen its market leadership, Jaya Shree Textiles is further expanding its linen yarn capacity from 3,400 to 6,400 tonnes per annum.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Kai Poehler
Voith Paper GmbH & Co. KG

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

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search