×
275
Fashion Jobs
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
AASPIRE MANAGEMENT CONSULTANTS
Manager Production – Heat Treatment - aa / RP / ht- Pdn / 18 - w / 21
Permanent · Chennai
SMART CONSULTANCY SERVICES
Deputy General Manager (Knits)
Permanent · Bengaluru
WORKOID CONSULTANTS.
Production Manager-Handicrafts-Udaipur
Permanent · Udaipur
SIYARAM SILK MILLS LTD
Regional Sales Manager Fabric - South Region (India)
Permanent · Chennai
AVENUE SUPERMARTS LIMITED
Operations Manager
Permanent · Chennai
WEATHER RISK MANAGEMENT SERVICES PRIVATE LIMITED
Production Manager(1+ Years)-Kanpur
Permanent · Kanpur
ISHIN
E-Commerce Business Development Manager
Permanent · Mumbai
ISHIN
E-Commerce - Listing Manager
Permanent · Mumbai
NIKE
Software Engineering Manager - Operations & Logistics Technology, India – Move Icc
Permanent · Bengaluru
NIKE
Principal Quality Engagement Manager, India – Tech Ops Icc
Permanent · Bengaluru
BIG SOFT HR SOLUTIONS
Production Manager (Mechanical) Mumbai
Permanent · Mumbai
BIG SOFT HR SOLUTIONS
Production Manager (Electrical) Mumbai
Permanent · Mumbai
BIG SOFT HR SOLUTIONS
Production Manager Tetra Line
Permanent · Mumbai
ISHIN
Sales Manager / Bdm - Women's Apparel (Retail/Wholesale)
Permanent · Mumbai
SVA BY SONAM & PARAS MODI
Store Merchandiser
Permanent · MUMBAI
NIKE
Transformational Initiative Information Security Lead, India - Cis Icc
Permanent · Bengaluru
NIKE
Senior Engineering Manager - Nike Content Platform, India - Marketing Technology Icc
Permanent · Bengaluru
NIKE
Cyber Security Data Engineer (Governance), India – Cis Icc
Permanent · Bengaluru
NIKE
Application Security Architecture Consultant, India - Cis Icc
Permanent · Bengaluru
NIKE
Manager Data Products, Data & Analytics, India – ed&a Icc
Permanent · Bengaluru
NIKE
Lead Product Manager, India - ed&a Icc
Permanent · Bengaluru
Published
Nov 9, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Aditya Birla Fashion and Retail Q2 net loss widens to Rs 188 crore

Published
Nov 9, 2020

Aditya Birla Fashion and Retail Ltd’s (ABFRL) consolidated net loss widened to Rs 188 crore ($25.5 million) for the second quarter ended September 30, 2020, as against a net loss of Rs 2 crore it reported in the corresponding period last year.
 

Aditya Birla Fashion and Retail Q2 net loss widens to Rs 188 crore - Van Heusen - Facebook


The company’s total income for the quarter declined by 50 percent to Rs 1,171 crore from Rs 2,324 crore in the corresponding quarter of last fiscal.
 
ABFRL attributed the widening of loss and decline in income due to a complete washout in the wake of the Covid-19 pandemic. The company remains optimistic about the future as the September quarter also showed signs of recovery across businesses.

“The (quarterly) performance was in a constrained environment with sporadic lockdowns and restrictions and continued consumer reluctance to visit stores. Most of the recovery was driven by an agile and innovative mindset, exhibited through the creation of new products and channels,” ABFRL said in a statement.
 
On the outlook, ABFRL said: “The company is confident of consistent recovery in business over the next two quarters and is on track to restore normalcy of operations by Q4 FY21.”
 
Last month, ABFRL had raised capital of Rs 1,500-crore from Flipkart by selling an 8 percent stake to the e-commerce major and expects the funds to fuel the growth of the company amid the Covid-19 crisis.

Copyright © 2021 FashionNetwork.com All rights reserved.