For the first quarter Aditya Birla Fashion and Retail had a 50 per cent increase in ebitda along with a revenue growth of eight per cent. The company will continue to build its portfolio in casual wear, women's fast fashion and super premium segments to complement its existing strong portfolio. The outlook for the year is positive as all of Aditya Birla’s major brands have a well charted growth path. Madura recorded a ebitda growth of 25 per cent. Madura’s business segment consists of brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, Forever 21 and People.
Ebitda for lifestyle brands increased 20 per cent while revenues grew six per cent. Fast fashion ebitda losses halved despite lower sales due to concerted efforts towards cost outs and improvement in store productivity. Other businesses comprising international brands and innerwear continued the upward trend, with 81 per cent growth over the last year, primarily through a widened distribution network of the innerwear business.
Pantaloons is one of the fastest growing value-fashion retailers in the country. The network expanded to 282 stores in the first quarter. Ebitda grew by 71 per cent, riding on margin improvements and fixed cost optimization. Revenues rose by 11 per cent.