ABFRL reports for Q4 FY23

ABFRL

24 May 2023, Mumbai  

Aditya Birla Fashion and Retail Ltd (ABFRL) announced a consolidated net loss of Rs 194.54 crore for the fourth quarter (Q4) ending on March 31, 2023.

This is in contrast to a consolidated net profit of Rs 31.90 crore in the same quarter of the previous fiscal year.

Factors Affecting Profitability:

The company attributed the loss to negative operating leverage resulting from sluggish sales. Increased marketing spending (approximately 1.5 times compared to the previous year) and continued investments in TMRW also impacted profitability during the quarter.

Increased Total Income:

Despite the net loss, ABFRL's total income rose by 26.2% to Rs 2,916.13 crore in Q4 FY23, compared to Rs 2,309.55 crore in the corresponding quarter of the previous fiscal.

This growth was driven by strong retail like-to-like (LTL) sales across businesses, an accelerated omnichannel approach, and network expansion, with over 500 stores added in the past year.

Total Expenses and Future Outlook:

The company's total expenses increased to Rs 3,177.64 crore in Q4 FY23 compared to Rs 2,266.06 crore in the same quarter of the previous fiscal. ABFRL remains focused on its strategy of building strong, timeless brands and managing its businesses with flexibility and agility as the economic situation recovers.

The company sees potential for significant growth in the apparel industry, supported by premiumization and the shift from unbranded to branded products.

Retail Network:

ABFRL currently operates 3,977 stores across 33,535 multi-brand outlets, with 6,723 points of sale in department stores throughout India as of March 31, 2023.

Latest Textile Events

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex