08 August 2022, Mumbai:
As against a net loss of Rs 352.15 crore, Aditya Birla Fashion and Retail posted a net profit of Rs 94.44 crore in the first quarter ended June 30, 2022.
Aditya Birla fashion & lifestyle 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 percent over pre-COVID levels from Rs 2,065 crore in Q1 FY20.
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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 proposition 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 also has partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle, and Reebok.
aditya birla fashion and retail limited’s recent forays into the 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.
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