Aditya Birla Fashion and Retail Ltd. Results

H1FY25 & Q2FY25 Result Announced for Aditya Birla Fashion and Retail Ltd.

Department Stores company Aditya Birla Fashion and Retail announced H1FY25 & Q2FY25 results Company posted 13% growth YoY, with revenue at Rs 3,644 crore for the quarter. H1 revenue stood at Rs 7,072 crore. growing 10% vs LY despite subdued demand environment. De-merged ABFRL, with play acroreoss multiple emerging high growth segments, grew 31% YoY. Ethnic businesses grew to more than three times of LY led by inclusion of TCNS and Tarun Tahiliani couture into the portfolio. Organic growth was ~10% YoY. TMRW’s portfolio more than doubled over LY. Consolidated Q2 EBITDA for the quarter stood at Rs 410 crore., up 11% YoY, while EBITDA margin was 11.2%. Established businesses continue to contribute towards margin stability. Lifestyle brands EBITDA margin stood at 18.4%. Pantaloons segment EBITDA up 65% YoY. Remaining businesses witness strong margin gains. While in H1, EBITDA margin expanded by 30 bps to reach 11.5%. Brands continued their distribution expansion in strategic markets; made corrections in underperforming markets. Total network at 4538 stores spanning 12.0 million sq. ft.. Sustained impetus on building a viable Digital and omnichannel model. 30%+ YoY growth in overall ecommerce sales in Q2. Net debt stood at Rs 3,759 crore. as of Sep 2024.

Q4FY24 Quarterly Result Announced for Aditya Birla Fashion and Retail Ltd.

Department Stores company Aditya Birla Fashion and Retail announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Company continues to evolve in line with its stated long-term strategy 18% YoY growth with revenue at Rs 3,407 crore for the quarter in a muted market marred by prolonged sluggish consumption in the discretionary space On a full-year basis, consolidated revenue reaches Rs 13,996 crore for FY24, growing 13% YoY The established businesses continue to navigate market headwinds while maintaining a sharp focus on profitability enhancement New businesses, incubated & integrated over the past few years, continue to fuel the company's growth in line with its portfolio diversification strategy Ethnic businesses grew to 2.7 times of LY in Q4 51% YoY growth excluding TCNS Reebok revenue up 29% YoY TMRW’s portfolio grows to more than 2x of LY, both organically and inorganically Consolidated EBITDA for the quarter stood at Rs 377 crore., up 63% YoY Led by focused cost control initiatives EBITDA Margin at 11.1% vs 8% LY for Q4, 300 bps expansion Company EBITDA for FY24 stood at Rs 1,703 crore., up 5% YoY Brands rationalized distribution to improve overall health of the network Total network at 4,664 stores spanning 11.9 million sq.ft. Company recently announced de-merger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Limited (ABLBL), with a clear strategy to enable the creation of two independent growth engines with distinct capital structures and parallel value creation opportunities and allow the participation of the right set of investors and strategic partners, aligned with the appropriate risk profiles of the two companies and their differentiated business models. Closed the quarter with net debt of Rs 2,862 crore in line with the guidance given at the start of the year The Board of Directors of the Company, at its meeting today, approved the results for the quarter ended 31 st Mar 2024. These financials are post factoring in necessary adjustments under Ind AS 116.

Q3FY24 Quarterly & 9MFY24 Result Announced for Aditya Birla Fashion and Retail Ltd.

Department Stores company Aditya Birla Fashion and Retail announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 Revenue: Consolidated revenue for Q3FY24 was Rs 4,167 crore, showing a 16% increase from Rs 3,589 crore YoY. EBITDA: Consolidated EBITDA stood at Rs 605 crore, which is a 29% growth from Rs 467 crore in Q3FY23. Profit After Tax (PAT): The quarter saw a consolidated net loss of Rs 108 crore, compared to a PAT of Rs 11 crore previously. Standalone Q3FY24 Revenue: The company reported a revenue of Rs 3,516 crore for the quarter, marking an increase of 5% compared to the previous year's figure of Rs 3,359 crore. EBITDA: Standalone EBITDA rose to Rs 611 crore, a substantial growth of 28% from last year's Rs 478 crore. Profit After Tax: The standalone PAT faced a decline, reducing to Rs 45 crore from Rs 57 crore, a change of -21%. Consolidated 9MFY24 Revenue: For the year-to-date, consolidated revenue grew by 11%, reaching Rs 10,589 crore compared to Rs 9,538 crore for the same period last year. EBITDA: EBITDA decreased slightly by 4%, from Rs 1,385 crore to Rs 1,326 crore. Profit After Tax (PAT): There was a notable year-to-date net loss of Rs 470 crore, contrasting sharply with the previous year's gain of Rs 135 crore. Standalone 9MFY24 Revenue: The revenue stood at Rs 9,499 crore, reflecting a 5% growth from the previous year's Rs 9,086 crore. EBITDA: EBITDA was practically unchanged year-over-year, with Rs 1,460 crore relative to Rs 1,447 crore. Profit After Tax (PAT): There was a significant decrease in PAT, amounting to a loss of Rs 78 crore compared to a positive Rs 261 crore in the previous year. Key Business Segment Highlights Lifestyle Brands: Registered a 10% revenue growth with Rs 1,815 crore and a notable EBITDA margin expansion of roughly 230 basis points, reaching 19.2% EBITDA. Pantaloons: Witnessed a 12% increase in revenue at Rs 1,297 crore and a 40% EBITDA growth. Ethnic Businesses: Excluding TCNS, the segment experienced a growth of 43%. Youth Western Wear: American Eagle saw a 34% increase in revenue, while Forever 21 faced market challenges. Reebok Performance: Continued strong performance with an over 100 crore sales mark and significant distribution expansion. Innerwear & Athleisure: Faced market softness along with a 5% growth in the Innerwear category.

Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Aditya Birla Fashion and Retail Ltd.

Department Stores company Aditya Birla Fashion and Retail announced Q2FY24 & H1FY24 results: Q2FY24: Consolidated: Revenue: Rs 3,226 crore, with a 5% growth. EBITDA: Rs 369 crore, a decrease of 12%. EBITDA margin was 11.4% PAT: Rs (200) crore. Standalone: Revenue: Rs 2,995 crore, showing a 1% growth. EBITDA: Rs 426 crore, down by 8%. EBITDA margin was 14.2% PAT: Rs (75) crore. H1FY24: Consolidated: Revenue: Rs 6,423 crore, an 8% growth. EBITDA: Rs 722 crore, showing a decrease of 21%. PAT: Rs (362) crore. Standalone: Revenue: Rs 5,982 crore, a 4% growth. EBITDA: Rs 849 crore, down by 12%. PAT: Rs (124) crore. ABFRL’s store network has now grown to 4,050+, adding net 48 stores in this quarter Lifestyle Brands added net 17 stores Net addition of 5 stores for Pantaloons Brands continued to actively expand while also focusing on improving the network health