Aditya Birla Fashion soars 20 per cent on good Q1FY19 numbers

Aditya Birla Fashion & Retail reported surprising results for the quarter ended June 30, 2018 on Wednesday. The standalone revenue for the quarter came in at Rs. 1,913.52 crore, registering 8.2 per cent yoy increase.

The company's Madura Fashion & lifestyle segment and Pantaloons grew by 5.1 per cent and 11.2 per cent yoy, respectively.

EBITDA for the quarter rose by 55 per cent yoy to Rs. 113.84 crore with a corresponding margin expansion of 179 bps. EBITDA margin for the quarter stood at 5.9 per cent. The net profit for the quarter came in at Rs. 5.6 crore vs net loss of Rs. 20.38 crore in the corresponding quarter last year.

The outlook for the year is positive as all of ABFRL’s major brands have a well charted growth path.

Madura business segment consists of Lifestyle brands – Louis Philippe, Van Heusen, Allen Solly & Peter England, Fast Fashion – Forever 21 & People and Other businesses. Madura recorded an impressive EBITDA growth of 25 per cent with the revenue rising to Rs. 945 crore as compared to Rs. 891 crore in the same period last year.

Pantaloons, one of the fastest growing value-fashion retailers in the country, continued to deliver a stellar performance. The network expanded to 282 stores from 213 stores in Q1FY18.

Aditya Birla Fashion and Retail Limited is India’s first billion dollar pure-play fashion powerhouse with a spread of 2,229 brand stores, 5,019 multi-brand outlets and more than 4,100 points of sale in Department stores across the country.

With the announcement of the result, the stock surges nearly 20 per cent and made an intraday high of Rs. 168.90 per share on the BSE.