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Informist, Thursday, Nov. 7, 2024

 

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--Aditya Birla Fashion Jul-Sept consol net loss INR 1.86 bln 
--Analysts saw Aditya Birla Fashion Jul-Sept consol net loss INR 1.87 bln 
--Aditya Birla Fashion Jul-Sept consol loss INR 1.86 bln vs INR 1.79 bln loss 
--Aditya Birla Fashion Jul-Sept consol revenue INR 36.44 bln vs INR 32.26 bln 
--Aditya Birla Fashion Apr-Sept consol loss INR 3.47 bln vs INR 3.21 bln loss 
--Aditya Birla Fashion Apr-Sept consol revenue INR 70.72 bln vs INR 64.23 bln 
--Aditya Birla Fashion Jul-Sept consol Madura segment sales INR 19.75 bln 
--Aditya Birla Fashion Jul-Sept consol Pantaloons segment sales INR 10.82 bln 
--Aditya Birla Fashion Jul-Sept consol Ethnic segment sales INR 7.55 bln 
--Aditya Birla Fashion Jul-Sept consol EBITDA INR 4.10 bln, up 11% on year 
--Aditya Birla Fashion Jul-Sept TCNS revenue INR 2.54 bln 
--Aditya Birla Fashion net debt stood at INR 37.59 bln as of Sept 30 
--Aditya Birla Fashion Jul-Sept consol EBITDA margin 11.2%
 

 

By Jahanvi Kothari

 

MUMBAI – Aditya Birla Fashion and Retail Ltd. Thursday posted a net loss for the fifth consecutive quarter in Jul-Sept because of muted demand. The company's consolidated net loss for the quarter was INR 1.86 billion, up 4% from a loss of INR 1.79 billion. Analysts expected the company to report a net loss of INR 1.87 billion.

 

Revenue from operations for the quarter was INR 36.44 billion, up 15% from INR 32.36 billion in the year-ago quarter. Analysts saw the top line at INR 36.5 billion. Sequentially, the net loss was higher by 15% and revenue up 6.3%.

 

For Apr-Sept, the company reported a consolidated net loss of INR 3.47 billion, up 8% from a loss of INR 3.21 billion. Revenue for the period was INR 70.72 billion, up 10% on year.

Total expenditure in Jul-Sept was INR 39.94 billion, up 14% on year. Finance cost was INR 2.5 billion, up from INR 2.08 billion a year ago. The company spent INR 5.19 billion on employee benefits, up from INR 4.23 billion a year ago. Other expenses of the company were INR 9.65 billion, up from INR 7.66 billion a year ago. The company's other income rose to INR 515 million from INR 457 million a year ago.

 

The company's sales from ethnic segment were INR 7.55 billion, up 116% from INR 3.50 billion. The company's Madura segment reported sales of INR 19.75 billion, up 3.7% from INR 19.04 billion a year ago. Revenue of Pantaloons was INR 10.82 billion, up 3.1% from INR 10.49 billion a year ago.

 

The company's performance was impacted due to higher depreciation and amortisation for brand and retail assets due to the inclusion of TCNS, it said in an investor presentation. The company's consolidated earnings before interest, taxes, depreciation, and amortisation were INR 4.10 billion, up 11% on year. The EBITDA margin for the quarter was 11.2%. The company's revenue from TCNS brands was INR 2.54 billion, up 12.4% on year. The company said its portfolio sales from TMRW segment doubled on year.

 

As of Sept. 30, the company's net debt was INR 37.59 billion, up 31% from INR 28.62 billion at the end of the March quarter.

 

On Thursday, shares of Aditya Birla Fashion ended at INR 296.75 on the National Stock Exchange, down 1.15% from the previous close.  End

 

Edited by Ashish Shirke

 

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