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Shares of Aditya Birla Lifestyle Brands Ltd (ABLBL) made its market debut on Monday post demerger. The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent. On the NSE, the stock began trading at Rs 167. Shares of the firm ended at Rs 159, lower by 4.79 per cent. The company's market valuation stood at Rs 19,451.50 crore. "Trading members of the exchange are hereby informed that effective from June 23, 2025, the equity shares of Aditya Birla Lifestyle Brands Ltd are listed and admitted to dealings on the exchange in the list of 'T' Group Securities," according to an update by the BSE. ABLBL was demerged from Aditya Birla Fashion and Retail in May this year.
Aditya Birla Fashion and Retail Ltd on Wednesday reported a widening of consolidated loss after tax at Rs 214.92 crore in the first quarter ended June 30, 2024, impacted by higher expenses in a subdued consumption environment. The company had posted a consolidated net loss after tax of Rs 161.62 crore in the same quarter last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Consolidated revenue from operations stood at Rs 3,427.82 crore in the first quarter as against Rs 3,196.06 crore in the year-ago period, the company added. Total expenses in the quarter were higher at Rs 3,724.89 crore as compared to Rs 3,458.02 crore in the year-ago period. "Businesses continued to navigate through a subdued consumption environment which was further exacerbated by a prolonged heat wave and weak wedding season," the company said. Net profit at a consolidated level was impacted due to continued investments in digital-first fashion brands TMRW and losses in premi
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations was at Rs 3,406.65 during the quarter under review against Rs 2,879.73 crore in the year-ago period. According to the Aditya Birla group firm, the consolidated financial results for the quarter that ended March 31, 2024, are "not comparable with previous quarters" pursuant to the acquisition of TCNS Clothing and Styleverse Lifestyle. Its total expenses were at Rs 3,813.87 crore in the March quarter. The established businesses continue to navigate market headwinds while maintaining a sharp focus on profitability enhancement, said ABFRL in an earning statement. Its revenue from the 'Madura Fashion & Lifestyle' segment was at Rs 1,861.75 crore. ..