Home / Knowledge / News / Fashion / Aditya Birla Fashion revenue up 11% in Q2 FY19

Aditya Birla Fashion revenue up 11% in Q2 FY19

03
Nov '18
Courtesy: ABFRL
Courtesy: ABFRL
Aditya Birla Fashion and Retail Ltd (ABFRL), India’s first billion dollar pure-play fashion powerhouse, has reported a stellar performance for Q2 of fiscal 2018-19. EBITDA soared by 62 per cent, while revenue registered an 11 per cent rise (Ind AS and GST adjusted growth rate of 12 per cent). Both Madura and Pantaloons business segments performed well.

For the July-September 2018 quarter, ABFRL’s profit after tax (PAT) stood at ₹43 crore vis-à-vis a loss of ₹10 crore in the corresponding quarter of FY18. “This was on the wings of an overall improvement in all the business segments,” the company said in a press release.

On H1 basis, the EBITDA zoomed 56 per cent while revenues grew 10 per cent (Ind AS and GST adjusted growth rate of 12 per cent) compared to H1 of the FY 2017-18.

Business segment-wise, Madura, which consists of Lifestyle brands – Louis Philippe, Van Heusen, Allen Solly and Peter England, Fast Fashion – Forever 21 and People and other businesses, recorded a spectacular 52 per cent EBITDA growth at ₹114 crore in Q2 FY19 as against ₹75 crore in Q2 FY18. Revenues rose by 13 per cent to ₹1,263 crore vis-à-vis, ₹1,119 crore in the corresponding quarter of FY 18.

While Fast Fashion continues to operate cautiously, Other Businesses continue the upward trend displaying 88 per cent growth in revenues over Q2 FY18, ABFRL said.

“Innerwear distribution network continues to expand aggressively with approximately 9,500 outlets across the country. The business also had a successful launch of women’s innerwear and Polo Ralph Lauren,” the release said.

Pantaloons business segment too continued on its growth trajectory despite the festive season moving to Q3 FY19, and attained a remarkable growth in EBITDA of 47 per cent from ₹35 crore to ₹52 crore in Q2 FY19. Revenues grew by 6 per cent over Q2 FY18 reaching ₹787 crore (Ind AS adjusted growth rate of 8 per cent).

Stating that ABFRL’s outlook for the future is bright, the company said that the Lifestyle brands will continue its growth momentum on the back of product innovations, category extensions and impactful marketing campaigns.

Pantaloons’ growth will be accelerated with its continued focus on product improvement, brand investments and expansion into newer territories.

Fast Fashion segment will reignite growth post its business model adjustment.

Innerwear is expected to build on the strong growth momentum, driven by both men’s and women’s offerings.

The International Brands are all set to expand distribution to build upon the existing brand portfolio.

As on September 30, 2018, ABFRL had a spread of 2,576 brand stores, approximately 14,000 multi-brand outlets (including 9,500+ trade outlets in Innerwear) and 4,100+ points of sale in Department stores across the country. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Businesswire/PrimaLoft

Textiles | On 18th Nov 2018

PrimaLoft unveils PrimaLoft Bio Performance Fabric

PrimaLoft, a leader in advanced material technology, has unveiled...

Higher sales and earnings at Macy's in Q3FY18

Fashion | On 18th Nov 2018

Higher sales and earnings at Macy's in Q3FY18

Higher sales and earnings were recorded at Macy’s, one of the premier ...

Courtesy: Amazon

Apparel/Garments | On 18th Nov 2018

Amazon's new headquarters in New York City, Arlington

Amazon is setting up two new headquarters, one in New York City and...

Interviews View All

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu &amp; Sky is a rapidly escalating brand with the...

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,...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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