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Aditya Birla Fashion and Retail Ltd Q3 net jumps by 101.81 pc
Business

Aditya Birla Fashion and Retail Ltd Q3 net jumps by 101.81 pc

Agency News

Mumbai, Feb 4 : Aditya Birla Fashion and Retail Ltd has reported a jump of 101.81 per cent in its net profit for the quarter ended December 31, 2018 at Rs 70.25 crores as against Rs 34.81 crores for the quarter ended December 31, 2017.

Total income for the quarter under review rose by 23.27 per cent to Rs 2294.92 crores as compared to Rs 1861.64 crore during the period ended December 31, 2017.

Madura’s business segment consisting of Lifestyle brands (Louis Philippe, Van Heusen, Allen Solly and Peter England) Fast Fashion (Forever 21 and People) and Others (Innerwear and International brands) recorded 18 per cent revenue growth at ₹1,345 crore (₹1,139 crore), while Ebitda rose by 24 per cent to ₹101 crore (₹81 crore).

Revenue for lifestyle brands increased by 16 per cent to ₹1,137 crore, while that of Pantaloons was up 28 per cent to ₹961 crore.

The company expects the growth to gain momentum led by product innovation, network expansion, growth category expansion and marketing campaigns. UNI