Aditya Birla Fashion makes profit of ₹94.44 crore

Aditya Birla Fashion & Retail Limited (ABFRL) has earned a net profit of 94.44 crore in June quarter, compared to a year ago net loss 352.15 crores.

The retailer of clothing brands such as Louis Philippe, Van Heusen and Allen Solly posted consolidated revenue from operations More than three times growth from Rs 2,874.76 crore in the three months ended June 811.95 crore a year ago when the business was badly affected due to the pandemic. Earnings before interest, taxes, depreciation and amortization (Ebitda) margin rose 1.3 percentage points to 17.4% in the quarter, the company said in a regulatory filing on Friday.

“The sharp improvement in demand across categories and strong preference for our portfolio of brands led to a strong quarterly performance. Aggressive store expansion, accelerated e-commerce and omni-channel play have been key drivers of growth in the quarter.”

ABFRL benefited from a sharp revival in demand for formal wear as more people resumed work from offices.

Meanwhile, the company continued to “aggressively” expand its lifestyle brands such as Van Heusen and Peter England’s retail stores.

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