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  1. Aditya Birla Fashion Q1 net loss widens 14% to ₹161.4 crore, revenue up 7.2%

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Aditya Birla Fashion Q1 net loss widens 14% to ₹161.4 crore, revenue up 7.2%

Kamal Joshi

2 min read | Updated on August 07, 2024, 15:29 IST

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SUMMARY

Aditya Birla Fashion said that its revenue from lifestyle brands such as Louis Philippe, Allen Solly, Van Heusen, Simon Carter, and Peter England was ₹1,482 crore due to a lean wedding season.

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ABFRL has gained 41.6% year-to-date, while it surged 60.1% in the past year.

Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday reported a consolidated net loss of ₹161.4 crore for the first quarter of financial year 2024-25, widening 14.1% from ₹141.4 crore a year ago.

The revenue from operations increased 7.2% to ₹3,427.8 crore in Q1 FY25 as against ₹3,196 crore in the corresponding period last year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹358.5 crore in the latest June quarter, up 7.3% from ₹292.3 crore a year ago.

The margin was 10.5% in the quarter under review, compared to 9.1% in the same period last fiscal year.

In an exchange filing, the company said that its revenue from lifestyle brands such as Louis Philippe, Allen Solly, Van Heusen, Simon Carter, and Peter England was ₹1,482 crore due to a lean wedding season.

"Emerging growth businesses, which include Youth Western wear, Innerwear and athleisure, and sportswear segments, posted 5% growth at an overall level, with the segment moving into profitability," Aditya Birla Fashion said.

The company said its long-term strategy is to build a "strong, future-ready presence in a large and growing market by establishing strong play across multiple categories and segments".

Shares of ABFRL were trading 0.3% lower at ₹317.9 apiece on the NSE at 3:20 pm.

The stock has gained 41.6% year-to-date, while it surged 60.1% in the past year.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.