Aditya Birla Fashion gains on healthy Q3FY20 numbers

Aditya Birla Fashion and Retail Limited (ABFRL) have posted quite strong numbers for the quarter ended December 31, 2019.

Its consolidated revenue for the quarter Q3FY20 came in at Rs 2,582.74 crore, as against Rs 2,281.55 crore in the corresponding quarter last year, registering 13.2 per cent YoY increase. EBITDA for the quarter grew by 136.1 per cent YoY to Rs 408.29 crore, as against Rs 172.93 crore in the corresponding quarter last year, with a corresponding margin expansion of 823 bps. EBITDA margin for the quarter stood at 15.8 per cent. The net loss for the quarter came in at Rs 37.64 crore, as against Rs 70.25 crore in the corresponding quarter last year with YoY decline of 153.6 per cent.

In terms of the segmental performance, Madura segment, which include lifestyle brands like Louis Philippe, Van Heusen, Allen Solly, & Peter England and Fast Fashion brands such as Forever 21 & People, grew by 14 per cent YoY in terms of revenue. Lifestyle brands reported 14 per cent higher sales with its new growth engines built around strong wedding categories and new ventures in women’s and kids’ fashion. Pantaloons recorded a robust 13 per cent revenue growth.

The innerwear business progressed on its aggressive growth trajectory, with continued launch of newer categories and styles, along with the expansion of its distribution network, which stood at ~20,000 outlets at the end of this quarter.

In today’s session, the stock of ABFRL gained nearly nine per cent and made an intraday high of Rs 260.65 on BSE.