Aditya Birla Nuvo reports results for quarter ended 31st December 2012
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
-Revenue grew by 10 per cent to Rs.6, 305 crore
-EBITDA rose by 29 per cent to Rs.1, 090 crore
-Net profit surged by 28 per cent to Rs.323 crore
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
For the quarter ended 31st December 2012, Aditya Birla Nuvo Limited (ABNL) has posted a year-on-year growth of 10 per cent in revenue at Rs.6, 305 crore. Its EBITDA rose by 29 per cent to Rs.1, 090 crore and net profit surged by 28 per cent to Rs.323 crore.
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
Management comments
Commenting on the results, Dr. Rakesh Jain, Managing Director, said, “Given the current economic environment, which is marked with moderation in GDP growth, high interest rates and inflation, Aditya Birla Nuvo has registered strong earnings."
Mr. Sushil Agarwal, Whole Time Director and CFO, said, “Most of the businesses of Aditya Birla Nuvo are competitively well positioned. The company continues to scale up and has plans to expand the businesses with long-term growth potential.”
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
Business-wise review (year-on-year)
Fashion & Lifestyle
Driven by scaling up of exclusive brand outlets (EBOs) and 9 per cent like-to-like stores sales growth, revenue from the retail channel surged by 27 per cent. Retail channel stands expanded to a total of 1,233 EBOs spanning 1.8 million square feet.
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
Madura has exited its distribution tie-up with Esprit and closed all Esprit stores.
Excluding Esprit, revenue of Madura Fashion & Lifestyle grew by 19 per cent to Rs.681 crore, EBITDA rose by 32 per cent to Rs.76 crore and EBITDA margin of branded apparels segment improved from 11.6 per cent to 12.1 per cent.Madura is generating sound ROACE led by profitable growth and working capital management.
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
Pantaloons Transaction Update
The proposed acquisition of a controlling stake in Pantaloons Fashion Format of Future Group will give ABNL’s Fashion & Lifestyle business an entry into the womenswear and kidswear segments.
Pantaloon Retail India Limited (PRIL), through a court scheme of arrangement, will transfer all undertakings, business activities and operations pertaining to the ‘Pantaloons Fashion Format’ to Peter England Fashions & Retail Limited (the resulting company), a subsidiary of ABNL.
The appointed date of the transfer is 1st July 2012.
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
As part of the Scheme of Arrangement, ABNL and/or its affiliates intend making a voluntary open offer to the other shareholders of the resulting company.
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#
Aditya Birla Nuvo reports results for quarter ended 31st December 2012-Revenue grew by 10 per cent to Rs.6, 305 crore-EBITDA rose by 29 per cent to Rs#