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 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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