Aditya Birla Fashion and Retail Ltd (ABRFL), earlier known as Pantaloon Fashion, is a big star on the Street today. Pushing DBL down to 2nd position, ABFRL is now the top gainer, going up over 11.5% to Rs.172. Its 52-week high is at Rs.184.35.
The company posted a very good set of numbers for Q1FY19. It reported a remarkable 50% increase in EBITDA along with revenue growth of 8% at Rs.1914 crore. Profit After Tax (PAT) stood at Rs.6 crore vs loss of Rs.20 Cr. in the corresponding quarter last year.
The main contributor remains Madura business segment, which consists of Lifestyle brands – Louis Philippe, Van Heusen, Allen Solly & Peter England, Fast Fashion – Forever 21 & People and Other businesses. It recorded an impressive EBITDA growth of 25% with the revenue rising to Rs. 945 crore as compared to Rs. 891 crore in the same period last year.
Pantaloon did very well to with EBITDA showing a jump of 71% at Rs.78 crore, riding on margin improvements and fixed cost optimization. Revenues rose by 11% over Q1 FY18 to reach Rs.813 crore.
Aditya Birla Fashion and Retail Limited is India’s first billion dollar pure-play fashion powerhouse with a spread of 2,229 brand stores, 5,019 multi-brand outlets and more than 4,100 points of sale in Department stores across the country.