19 May 2022, Mumbai:
Led by a revival in demand across categories, both Aditya Birla Fashion and Retail and Arvind Ltd posted a profit in their fourth quarters.
ABFRL posted a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022.
Its revenue from operations increased by 25.32 percent to Rs 2,282.83 crore during the quarter under review as against Rs 1,821.58 crore in the corresponding period of the previous fiscal.
ABFRL's total expenses increased by 15.58 percent to Rs 2,266.06 crore in Q4/FY 2021-22, as against Rs 1,960.47 crore.
Its revenue from the 'Madura Fashion & Lifestyle' segment was up 32.28 percent to Rs 1,660.11 crore as against Rs 1,254.99 crore in the corresponding quarter of the last year on the back of the revival of the wholesale business and a strong retail sales.ts revenue from operations was Rs 8,136.22 crore in 2021-22.
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This is 55 percent higher than Rs 5,248.92 crore in the last year. ABFRL said the onset of the third wave of the pandemic had an effect in the early part of the fourth quarter. However, the business witnessed a strong rebound, with March 2022 sales growing by 50 percent over the last year.
The consolidated net profit of Arvind Ltd grew by 64.22 percent to Rs 87.60 crore in the fourth quarter ended March 2022, helped by strong volume and a price increase during the period. The company had logged a net profit of Rs 53.34 crore during the January-March period a year ago, Arvind said in a regulatory filing.
Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of the previous fiscal year.
Total expenses in the quarter were higher at Rs 2,081.22 crore as against Rs 1,566.36 crore a year ago.
Revenue from textiles was up at Rs 1,824.11 crore from Rs 1,331.16 crore in the year-ago period.
Revenue from advanced materials was Rs 267.08 crore as against Rs 198.65 crore in March quarter 2020-21.
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