Aditya Birla Nuvo reports results for Q4

01 May '08

3 min read

Aditya Birla Nuvo continued its growth journey during the year. All the businesses are progressing well on the designed path.

• Consolidated revenues grew by 45 per cent from Rs. 8,366.8 crore to Rs. 12,134 crore
- Growth businesses contributed 75 per cent to the consolidated revenues
• Standalone revenues grew by 15 per cent from Rs. 3420.5 crore to Rs. 3924.2 crore and net profit rose by 8 per cent from Rs. 225 crore to Rs. 243.1 crore
• Consolidated net profit was lower by 46 per cent from Rs. 280.9 crore to Rs. 150.8 crore

The company's standalone revenues during the year grew by 15 per cent to Rs. 3,924.2 crore vis-à-vis Rs. 3,420.5 crore achieved in the preceding year. The carbon black, insulators and rayon businesses posted the highest ever annual revenues.

The company's consolidated revenues during the year are up by 45 per cent at Rs. 12,134 crore vis-à-vis Rs. 8,366.8 crore achieved last year. Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, grew by 66 per cent to Rs. 8,209.8 crore from Rs. 4,946.3 crore. All the businesses are on the growth trajectory.

• In the garments business, revenues rose by 24 per cent to Rs. 1,025.8 crore from Rs. 830.4 crore. 115 new exclusive brand outlets (EBOs) were launched taking the controlled retail space to 5.1 lakh square feet across 253 EBOs. Two new subsidiaries were launched for bolstering presence in the large format apparel retailing space.

More Aditya Birla Group News... More Apparel/Garments News - India...