×
201
Fashion Jobs
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Kulithalai
DMART
Dmart - Circle Manager - Human Resources
Permanent · Nagpur
DMART
Dmart : Senior Officer / Asst. Manager - HR
Permanent · Bhopal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Davanagere
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
H&M
Head of HR - Tech Location India
Permanent · BENGALURU
H&M
HR Business Partner
Permanent · NEW DELHI
SK APPARELS
Factory Manager - (Vamatex & Smit Terry Looms Factory)
Permanent · Karur
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Manager - Gbs Global Strategy Activation
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
ADIDAS
Profit Protection Specialist
Permanent · GURUGRAM
ADIDAS
Senior Manager - Company Secretary -Aimpl
Permanent · GURUGRAM
L'OREAL GROUP
Product Manager- Kiehl's, Luxury
Permanent · Mumbai
L'OREAL GROUP
Senior Key Account Manager - Ecommerce, Ppd
Permanent · Mumbai
METROPOLIS HEALTHCARE
Territory Sales Manager
Permanent · Guwahati
2COMS
Area Sales Manager Institutional Sales
Permanent · Chennai
POLYCAB
Area Sales Manager - Lhdc - Ludhiana
Permanent · Ludhiana
KOTAK MAHINDRA BANK
Urgently Hiring For Area Sales Manager- Agri
Permanent · Coimbatore
SUPERDRY
Ethical And Sustainability Manager
Permanent ·
ION EXCHANGE
Area Sales Manager or Assistant Area Sales Manager
Permanent · Vapi
L'OREAL GROUP
Officer / Executive - Sales Planning, l’Oreal Dermatological Beauty Division
Permanent · Mumbai
Published
Feb 8, 2023
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aditya Birla Fashion and Retail Limited reports double digit profit dip and revenue increase

Published
Feb 8, 2023

Aditya Birla Fashion and Retail Limited saw its consolidated net profit drop by 94% year-on-year in the third quarter of the 2023 financial year to total Rs 11.21 crore. The business’ revenue from operations rose by 20.1% during the quarter to total Rs 3,588.8 crore. 

Aditya Birla Group’s ‘TMRW’ has invested in lifestyle brands including Bewakoof - Bewakoof - Facebook


The third quarter of the current financial year, which ended on December 31, 2022, saw Aditya Birla Fashion and Retail Limited take a significant hit to its profits, which had totalled Rs 196.8 crore in the third quarter of the 2022 financial year, ET Retail reported. The business had made significant investments in marketing during the recent third quarter and increased its strategic investments in new ventures by 2.3 times. ABFRL listed this as the main reason for its decreased profits in its regulatory filing on February 7. 
 
ABFRL’s expenses totalled Rs 3,602.84 crore in the third quarter of the 2023 financial year compared to Rs 2,744.35 crore in the same quarter a year prior. For the recent quarter, ABFRL’s earnings before interest, tax, depreciation, and amortisation totalled Rs 467 crore. 

Another way the business is investing is through its fast paced brick-and-mortar expansion, ET Bureau reported. ABFRL is opening new stores across its brand portfolio and has now passed the 550 store mark for its Lifestyle brands small town format stores, highlighting the adoption of branded fashion in more rural areas. 

Copyright © 2023 FashionNetwork.com All rights reserved.