ABFRL reports rise in Q3 revenue despite challenging market conditions
Aditya Birla Fashion and Retail.(ABFRL) saw its Q3 FY24 consolidated revenue increase by 16 per cent to Rs 4,167 crore, despite facing a challenging market environment with muted demand. However, the company reported a net loss of Rs 107.60 crore, compared to a net profit in the previous year's same period.compared to a net profit of Rs 11.21 crore in Q3 FY23.
ABFRL’s EBITDA grew by 29 per cent to Rs 605 crore during the quarter, leading to an improved EBITDA margin of 14.5 per cent. The company current has 4,753 stores across various formats, covering a wide reach across India.
ABFRL emphasises its resilient performance despite challenging market conditions. The company remains committed to delivering value and expanding its reach strategically. It highlights its strong brand portfolio and diverse growth platforms for future success.
ABFRL owns a wide range of popular fashion brands, including Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons. It also has partnerships with international brands like Ralph Lauren, Hackett London, and Forever 21.
