ABFRL Q1FY’23 results reported

ABFRL

08 August 2022, Mumbai:

As against a net loss of Rs 352.15 crore, Aditya Birla Fashion and Retail posted a net profit Rs 94.44 crore in the first quarter ended June 30, 2022.

Aditya Birla Fashion and Retail Ltd’s total revenues from operations grew threefold to Rs 2,874.76 crore as compared to Rs 811.95 crore in the same quarter last year. And it grew by 39 per cent over pre-COVID levels from Rs 2,065 crore in Q1 FY20.

ALSO READ ABFRL to develop customer experience program

 

RELATED NEWS . ABFRL bags seven VM&RD awards

ABFRL's total expenses in the April-June quarter more than doubled to Rs 2,771.02 crore in FY23 as against Rs 1,303.67 crore in the corresponding period in FY22, as per the BSE filing.

The company will continue to invest in strengthening its brand propositins and drive sales via both physical and online stores. Presently, Aditya Birla Fashion houses brands including Louis Philippe, Van Heusen, Allen Solly and Peter England. The company’s international brands portfolio includes

The Collective and it also has partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.

Aditya Birla Fashion and Retail’s recent forays into ethnic wear business include brands such as Jaypore, Tasva and Marigold Lane. It also has strategic partnerships with Designers Shantanu & Nikhil, Tarun Tahiliani, Sabyasachi and House of Masaba.

Join our community on Linkedin

Author’s Posts