Home / Knowledge / News / Fashion / ABFRL EBITDA soars 50% in Q1FY19

ABFRL EBITDA soars 50% in Q1FY19

03
Aug '18
Courtesy: ABFRL
Courtesy: ABFRL
Aditya Birla Fashion and Retail Limited (ABFRL) has reported a remarkable 50 per cent increase in EBITDA along with revenue growth of 8 per cent in the first quarter of fiscal 2019. Performance across e-commerce has also been encouraging – consistent upward trajectory of sales recorded in the channel for most of its businesses in the reported period.

Profit After Tax (PAT) stood at Rs 6 crore as against a loss of Rs 20 crore in the corresponding quarter last year. The company focused on brand strengthening and rejuvenation. Its powerful marketing campaigns created significant impression on minds of consumers and the marketing spend increased by 40 per cent. The growth was accelerated riding on newer consumer segments, innovative product lines and brand strengthening initiatives, ABFRL has said in a press release.

Business segment Madura recorded an impressive EBITDA growth of 25 per cent with the revenue rising to Rs 945 crore as compared to Rs 891 crore in the same period last year. The EBITDA for Lifestyle brands has increased by 20 per cent while revenue grew by 6 per cent over the first quarter of fiscal 2018. However, GST and Ind AS adjusted revenue growth was 12 per cent. Fast Fashion EBITDA losses halved despite lower sales due to concerted efforts towards cost outs and improvement in store productivity. Other businesses comprising international brands and innerwear continued the upward trend, with 81 per cent growth over the last year, primarily through a widened distribution network of innerwear business.

For fiscal 2019, Lifestyle brands, through innovative product lines and brand strengthening initiatives, will continue to grow. Pantaloons, with its focus on new store additions and improved price value equation, will continue to grow profitably. The company will continue to build its portfolio in casual wear, women’s fast fashion and super premium segments to complement its existing strong portfolio. The outlook for the year is positive as all of ABFRL’s major brands have a well charted growth path. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Old Navy

Apparel/Garments | On 19th Nov 2018

Old Navy among Best Workplaces in Retail

Old Navy has been listed among the 2018 Best Workplaces in Retail by...

Courtesy: Arvind

Textiles | On 19th Nov 2018

Proposal for India's Arvind Mills unit in Andhra cleared

A proposal by India’s Arvind Mills to set up its first plant outside...

Interviews View All

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search