Home / Knowledge / News / Apparel/Garments / Q3 sales up 8% at fashion segment of Aditya Birla Nuvo
Q3 sales up 8% at fashion segment of Aditya Birla Nuvo
21
Feb '15
Revenue from the lifestyle and fashion segment at Kumaramangalam Birla led Aditya Birla Nuvo Ltd (ABNL) climbed 8.0 per cent from the prior year quarter in the three months to December 31, 2014.

ABNL said its sales in the lifestyle and fashion segment, which includes branded apparel and textiles expanded 8 per cent year over year to Rs 1,676 crore in the third quarter of fiscal 2015.

Third quarter of fiscal 2015 sales from branded apparels and accessories rose 9.53 per cent to Rs 1,349.22 crore as against Rs 1,231.82 crore in the same quarter last fiscal.

While, its revenues from the textiles, in the reporting quarter grew slower by just 1.43 per cent to Rs 336.20 crore compared to Rs 331.46 crore in the corresponding quarter of the previous fiscal.

"However, EBITDA from the segment fell 12.5 per cent to Rs 168 crore from Rs 192 crore primarily from pricing pressure and weak festive sales," a press release from ABNL informed.

Revenue at Madura Lifestyle, the branded apparel segment mounted 7 per cent to Rs 913 crore and its EBITDA too fell to Rs 102 crore from Rs 116 crore due to higher discounting and weak footfalls.

Pantaloons Retail sales too augmented by 7 per cent from the year earlier quarter to Rs 450 crore, while its EBITDA also slipped to Rs 31 crore from Rs 35 crore mainly from moderated sales growth during the quarter.

The textile segment; Jayshree Textiles reported a marginal uptake in sales at Rs 336 during the quarter under review and here also EBITDA reduced to Rs 35 crore from Rs 50 crore from lower linen fabric realisations.

Overall ABNL sales increased even more slowly at 1.11 per cent to Rs 6,539.35 crore from Rs 6,467.50 crore from the previous fiscal’s third quarter.

ABNL reported a net profit rise of 6.62 per cent from the year ago quarter rise in its December quarter to Rs 368.14 crore thanks to higher revenue and lower employee costs.

The biggest expense drop was felt in employee cost which fell massively fell by 43.58 per cent to Rs 559.05 crore in the three months to December 31, 2014 period. (AR)

Fibre2fashion News Desk - India


Must ReadView All

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...

Prime Minister Narendra Modi dedicating the Deendayal Hastkala Sankul to the nation, in Varanasi, Uttar Pradesh on September 22, 2017. Courtesy: PIB

Textiles | On 25th Sep 2017

Handicrafts trade facilitation centre opens in Varanasi

Prime Minister Narendra Modi dedicated the Deendayal Hastkala Sankul, ...

Apparel/Garments | On 25th Sep 2017

AAFA urges US govt to plug lacunae in military procurement

The American Apparel & Footwear Association (AAFA), an alliance of...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

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...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

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

Judy Frater
Somaiya Kala Vidya

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

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

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