Aditya Birla Fashion and Retail posts Q3 net loss of Rs 38 crore

By

Maverick Martins

Published
Feb 7, 2020

Aditya Birla Fashion Retail Limited (ABFRL) reported a consolidated net loss of Rs 38 crore ($5.4 million) for the quarter ended on December 31, 2019 as against a net profit of Rs 70 crore it had posted a year ago.
 

The company’s revenue for the October-December quarter was Rs 2,583 crore as against Rs 2,282 crore for the same period year ago.
 
EBITDA for the quarter grew by 136 percent to Rs 408 crore as against Rs 173 crore in the corresponding quarter last year.

“The company is poised to continue its market-leading performance on the back of strong portfolio of brands, presence across all key consumer segments, wide distribution network and leadership in brand building, designing and merchandising,” ABFRL said in a statement.
 
Aditya Birla Fashion and Retail Limited is one of India’s largest fashion companies with a strong bouquet of leading fashion brands and retail formats.
 
It has a network of 2,999 stores, presence across 24,000 multi-brand outlets with over 6,200 point of sales in department stores across India.