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Madura Fashion posts 25% growth in Q1 FY'14 sales
09
Aug '13
Amidst the challenging macro-economic scenario, Aditya Birla Nuvo Limited (ABNL) has posted strong earnings growth. The company is competitively well positioned in most of its businesses.

-Revenue grew by 8 per cent from Rs. 5,745 crore
-EBITDA surged 28 per cent Rs. 1,174 crore
-Net profit is up by 24 per cent Rs. 331 cror

Business-wise review

Fashion & Lifestyle

-Fashion and Lifestyle business recorded revenue of Rs. 1,294 crore and EBITDA of Rs.71 crore.
-It expanded its retail presence to 1,518 exclusive brand outlets/stores, spanning nationwide across 3.8 million square feet.  It is also serving customers through more than 4,750 multi brand outlets.
-Madura posted 25 per cent revenue growth, led by stores expansion and 14 per cent like-to-like stores sales growth. It is generating strong free cash flows, driven by improved earnings and working capital turns.
-Pantaloons are investing in strengthening its retail presence, brand positioning and merchandise. It launched 2 new stores during the quarter.
-To strengthen its domestic market leadership, Jaya Shree has expanded its linen yarn capacity from 2,300 tonnes per annum to 3,400 tonnes per annum. Linen fabric capacity expansion is targeted by the end of calendar year 2013.

Manufacturing 

-Revenue of Agri, Rayon and Insulators businesses augmented year on year by 23 per cent to Rs. 787 crore.
-EBITDA de-grew from Rs. 92 crore to Rs. 85 crore due to breakdown in the urea plant.
-The new VFY capacity, which is being ramped up currently, will help in enhancing the product quality and range, especially in superfine segment.
 
Click here to view the full report 

Aditya Birla

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