A strong operating performance in a challenging quarter led to a 4.4 per cent uptick in the stock price of Aditya Birla Fashion and Retail (ABFRL). Led by growth across its various segments, the company posted 14 per cent year-on-year uptick in revenues in the quarter.
The company’s largest segment of Lifestyle brands comprising Allen Solly, Van Heusen, Louis Philippe, and Peter England posted a revenue growth of 15 per cent. The segment, which accounts for 54 per cent of the top line, was helped by a same-store sales growth of 7 per cent. In addition to the core portfolio of ...
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