Aditya Birla Fashion and Retail Ltd (ABFRL) posted a larger consolidated net loss of INR 233.73 crore in the latest quarter, compared to INR 214.92 crore in the same period last year. Revenue from operations inched up to INR 1,831.46 crore from INR 1,674.22 crore, but higher expenses weighed on earnings. Pantaloons' revenue slipped marginally, while the Ethnic & Others segment saw a sharper drop. During the quarter, the company completed the demerger of its Madura business into a new listed entity, Aditya Birla Lifestyle Brands Limited, housing its key lifestyle and sportswear brands.
Aditya Birla Fashion and Retail Ltd reported a consolidated net loss of INR 233.73 crore for the latest quarter, widening from INR 214.92 crore recorded in the same period a year earlier. The increase in loss came despite revenue from operations rising to INR 1,831.46 crore from INR 1,674.22 crore a year ago.
In segment performance, Pantaloons posted revenue of INR 1,094.13 crore, slightly lower than INR 1,101.38 crore in the previous year's quarter. The Ethnic & Others division registered INR 754.57 crore, reflecting a decline from the year-ago level. Total expenses during the period stood at INR 2,148.75 crore.
The quarter also marked the completion of the demerger of ABFRL's Madura business into a separately listed entity, Aditya Birla Lifestyle Brands Limited. This new company will manage lifestyle labels such as Louis Philippe, Van Heusen, Allen Solly, Peter England, and Simon Carter, along with youth western wear brand American Eagle. It also includes the Reebok business, operated under a long-term licence in India.
Following the demerger, ABFRL continues to run its retail operations under Pantaloons and Style Up, along with ethnic and designer brands including Sabyasachi, Shantnu & Nikhil, House of Masaba, Tarun Tahiliani, Jaypore, Tasva, and the TCNS portfolio.
Shares of ABFRL closed the latest trading session at INR 9.60 apiece on the BSE, registering a gain of 18.52 percent.
Source PTI
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