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ABFRL revenue climbs 23% in Q3FY19

Feb '19
Courtesy: ABFRL
Courtesy: ABFRL
Aditya Birla Fashion and Retail Ltd. (ABFRL) has reported a stellar performance in the third quarter of fiscal 2019 with revenue rising 23 per cent to ₹2,282 million against ₹1,855 in the third quarter of fiscal 2018. PAT stood at ₹70 crore vis-a-vis ₹35 crore in FY18. This was on account of an overall improvement in all the business segments.

On YTD basis, the EBITDA has zoomed 44 per cent and revenue has grown 14 per cent (Ind AS and GST adjusted growth rate of 16 per cent).

Business segment Madura recorded a robust 18 per cent revenue growth at ₹1,345 crore in Q3 FY19 as against ₹1,139 crore in Q3 FY18. EBITDA rose by 24 per cent to ₹101 crore vis-à-vis ₹81 crore in the corresponding quarter of FY 18.

In the reported quarter, revenue for Lifestyle brands increased 16 per cent from ₹983 crore to ₹1,137 crore in Q3 FY19 while EBITDA grew by 15 per cent from ₹115 crore to ₹132 crore over the third quarter. While, Fast Fashion is continuing on the trajectory of operational improvement. Other businesses have registered spectacular revenue growth of 91 per cent over Q3 FY18. Innerwear distribution network continues to expand aggressively with approximately 12,000 outlets across the country at the end of this quarter.

Pantaloons delivered an impressive performance in the third quarter, powered by strong performance in the festive season. Revenues grew by 28 per cent over Q3 FY18 reaching ₹961 crore (Ind AS adjusted growth rate of 30 per cent). Business continued to improve profitability with EBITDA growth of 36 per cent from ₹65 crore to ₹.88 crore in Q3 FY19.

With a diversified portfolio of well positioned businesses, ABFRL continues to look forward to maintain its growth momentum in the future. The Lifestyle brands will continue its growth momentum, led by product innovation, network expansion, growth category expansion and impactful marketing campaigns. Pantaloons’ growth will be accelerated with its continued focus on product enhancement, brand investments and expansion into newer markets. Fast Fashion segment will continue with its journey of business model improvement. Innerwear is expected to keep expanding its reach, riding on both men’s and women’s distinctive products. The international brands will steadily build upon the existing brand portfolio. (RR)

Fibre2Fashion News Desk – India

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