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Published
May 14, 2018
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ABFRL profit rises 418 percent to Rs 113 crore in Q4

Published
May 14, 2018

Aditya Birla Fashion and Retail (ABFRL), the fashion division of the Aditya Birla Group saw a surge in its profit witnessing a five-fold jump to Rs 113 crore (approx $ 16.8 million) for the quarter ended March 2018, as compared to Rs 22 crore (approx $ 3.3 million) it reported last fiscal.
 

Aditya Birla Retail Limited- Facebook


The total revenue of the firm for the quarter was Rs 1764 crore (approx $ 261.7 million) as compared to Rs 1642 crore (approx $ 243.6 million) it posted during the same period of last year.
 
Commenting on the outlook, the company in a statement said, “Lifestyle brands, through its focus on brand building and product innovations will chart its growth trajectory. Pantaloons will continue to drive new store led aggressive expansion, with focus on improving same store performance. The company will continue to grow new businesses to expand its presence across all major segments of the industry.

ABFRL's board also approved the proposed fund raise of up to Rs 1,000 crore (approx $ 148.3 million) through issuance of equity shares and/or any other security/ financial instrument convertible into equity shares. The company also said that it plans to open 350 new stores (across various formats) during the current fiscal.
 
Aditya Birla Fashion is India’s leading fashion and lifestyle firm which owns the exclusive rights for international brands like Forever 21, Ted Baker, Simon Carter among many others. It has a reach of 2,465 brand stores, 4,982 multi-brand outlets and 4000+ points of sale in department stores across the country.
 
 
 

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