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

Maintain NAFTA trucking provisions: AAFA, US trade bodies

Apparel/Garments | On 22nd Nov 2017

Maintain NAFTA trucking provisions: AAFA, US trade bodies

The American Apparel & Footwear Association (AAFA) recently joined...

Vietnam’s textile & garment exports cross $24bn till Oct

Textiles | On 22nd Nov 2017

Vietnam’s textile & garment exports cross $24bn till Oct

Vietnam earned $24.372 billion from textile and garment exports in...

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Textiles | On 22nd Nov 2017

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Karl Mayer, a technology and market leader in textile machinery from...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

November 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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

Yes No

Active Poll

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

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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

Yes No

Active Poll

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

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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

Active Poll

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

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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