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

Apparel/Garments | On 29th Apr 2016

India’s apparel sector has huge job creation potential

Export-oriented apparel production in India and other South Asian...

Apparel/Garments | On 29th Apr 2016

Raymond’s net sales up 5% in FY16 to Rs 5,595 cr

Renowned Indian textile, apparel and fashion brand, Raymond reported...

Apparel/Garments | On 29th Apr 2016

eBay and Innotrac merge to become Radial

eBay Enterprise and Innotrac have joined forces to become Radial, the ...

Interviews View All

Imran Lateef
Texlynx

What are the current trends noticed in textile and garment sourcing in the ...

Veronique Lee
Modavanti

Sustainable fashion is not necessarily pocket- friendly. Are consumers...

G. Siva Sundara Ganesan
Great Supports

How important is compliance in the textile value chain of India? What is...

Ashok Desai
Bombay Textile Research Association

<b><i>Bombay Textile Research Association (BTRA) is a leading name in...

Rory Holmes
INDA - The Association of the Nonwoven Fabrics Industry

Rory Holmes is President of INDA, the Association of the Nonwoven Fabrics...

Brian J. McCarthy
TechniTex Faraday Limited

Mr. Brian J. McCarthy is the Director of TechniTex Faraday Limited Sector, ...

Jay Ramrakhiani
Occasions Elegance Wear

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search