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Q2FY17 sales rise 13.1% at Aditya Birla Fashion & Retail
Nov '16
In the three months ended September 2016, revenue at Aditya Birla Fashion & Retail, the fashion division of the Aditya Birla Group rose 13.1 per cent over the second quarter of fiscal 2016 to Rs 1,886.7 crore. This growth was largely supported by the Pantaloons retail business, which witnessed its sales soaring 21.7 per cent year over year to Rs 726.71 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 4.6 percent year on year to Rs 164.8 crore, however EBITDA margin reduced by 67 basis points to 8.83 per cent in the reporting quarter.

Earnings before interest and tax (EBIT) reported a turnaround in the second quarter of fiscal 2017 at Rs 17.51 crore compared to an EBIT loss of 11.39 crore in the fiscal ago quarter.

Aditya Birla Fashion & Retail's net profit in the quarter under review increased 7 per cent over the prior fiscal's second quarter to Rs 64.9 crore. (AR)

Fibre2Fashion News Desk – India

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