Aditya Birla Retail Ltd

ABFRL Q3 result: Net loss at Rs 107.60 cr, revenue at Rs 4,166.71 cr

Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 107.60 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 11.21 crore during the October-December quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations was at Rs 4,166.71 during the quarter under review. In the year-ago period, the company's revenue from operations stood at Rs 3,588.80 crore. According to the Aditya Birla group firm, the consolidated financial results for the quarter ended December 31, 2023 are "not comparable with previous quarters" pursuant to the acquisition of TCNS Clothing and Styleverse Lifestyle. ABFRL's total expenses were at Rs 4,302.93 crore in the December quarter. Growth in the quarter was "driven by new businesses", ABFRL in an earnings statement said, adding the "overall market remained subdued leading to modest growth for the traditional portfolio." Its re

Malls registered high demand this year, trend likely to continue in 2024

Most malls that opened in 2023 had commitments even before they became operational, and were occupied soon after their opening

Govt regulations should support MSME sector's entry into private labels

Ingovern also pointed out that private label and D2C are here to stay

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Vodafone Idea in contact with vendors to launch 5G, funding delay a hurdle

Speaking on the current telecom market in the country, VI's chairman Ravinder Takkar said that telecom tariffs remain unsustainable and need to rise significantly for business to thrive

Building an empire: Birla eyes M&As to fill up $1-billion apparel closet

TCNS Clothing Company, a listed entity with a market capitalisation of Rs 3,215 crore, has ethnicwear brands such as W, Aurelia, Wishful, Folksong, and Elleven

All you need to know about the richest Indian families and their wealth

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

Quality Control for cotton good for industry, says Aditya Birla official

The Quality Control Order for mandatory certification of cotton bales is good for the Indian industry as there is a need to improve the quality of cotton exported from the country, according to an Aditya Birla Group official. "If they have done anything on quality control it is good for the industry. Cotton is an internationally traded commodity and India is the largest producer of cotton in the world. So obviously, you need to improve the quality of cotton which is exported out of the country. It must meet international standards," Thomas Varghese, Business Head - Textiles at Aditya Birla Group, said. He was speaking on the sidelines of an Assocham Summit here on Thursday. The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry. A day before, the decision was taken at the fifth interactive meeting with the Textile Advisory Group here to review the ...

Aditya Birla Fashion reports steep drop of 92% in profit for Dec quarter

BENGALURU (Reuters) - Indian apparel retailer Aditya Birla Fashion and Retail Ltd reported a steep 92% drop in third-quarter profit on Tuesday, hurt by soaring marketing expenses.

Aditya Birla FRL posts Rs 31.90 cr profit for Jan-Mar, sales up by 25.3%

Aditya Birla Fashion and Retail Ltd on Wednesday reported a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022, led by a revival in demand across categories. The company had posted a net loss of Rs 195.86 crore during the January-March quarter of the previous fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Its revenue from operations was up 25.32 per cent to Rs 2,282.83 crore during the quarter under review as against Rs 1,821.58 crore in the corresponding period of the previous fiscal. "A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL. ABFRL's total expenses were at Rs 2,266.06 crore, up 15.58 per cent in Q4/FY 2021-22, as against Rs 1,960.47 crore. Its revenue from Madura

Aptus Value, ABFRL have broken out on charts; buy on dips: Mehul Kothari

Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

CCI approves Amazon-Witzig bid to acquire Aditya Birla Retail Ltd

The twin approvals by the country's anti-monopoly watchdog comes within a month of Centre tightening the norms for foreign direct investment (FDI) in e-commerce