ABFRL’s Q2 revenue soars 13.1% | Retail News India
Home » News » Retailers News » Abfrls Q2 Revenue Soars 13 1

ABFRL’s Q2 revenue soars 13.1%


READ MORE ON ABFRLFinancial ResultPantaloonsRetailer News India

Financial Report

Image Courtesy: visionapprentices.co.uk

India-based, Aditya Birla Fashion and Retail Ltd. has announced its second quarter results with revenues increasing by 13.1 per cent year-on-year to Rs. 1,886.73 crore. While the company’s Pantaloons brand contributed Rs. 726.71 crore to revenues and reported year-on-year growth of 21.7 per cent, its major brand Madura Fashion & Lifestyle witnessed growth of 4.8 per cent.

Moreover, during the period under review, the company’s net profit increased by 7 per cent to Rs. 64.89 crore. This was partially driven by 18.9 per cent annual increase in other incomes. Its EBITDA rose by 4.6 per cent to Rs. 164.79 crore.

Also ReadTed Baker to enter India through ABFRL

It is pertinent to mention here that ABFRL entered into a partnership with one of the U.K.’s biggest brands, Ted Baker, during the quarter under review.


Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Lululemon Athletica’s net revenue zooms

Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has announced financial results for the fourth quarter and fiscal year ended January 31, 2016....

Sportsman’s Warehouse gets new President and CEO

Sportsman’s Warehouse Holdings Inc., the US-based outdoor sporting goods retailer, has tapped Jon Barker as the new President and Chief Operating Officer of the...

6ixty8ight to open flagship store in Seoul

The iconic youth fashion brand, 6ixty8ight, based in Hong Kong, has chosen South Korea as its first international market outside China. The company...

GAP struggles to boost sales in India

US-based apparel retailer GAP Inc., which has a franchise agreement with textile and apparel major Arvind Lifestyle Brands, has been struggling to boost...

Topshop Chief quits

Mary Homer, who has been heading the British fashion label Topshop for the past ten years, has announced to quit the post. This...

NIKE opens its biggest Eastern Europe store in Moscow

US-based sports giant, NIKE has opened its first flagship and biggest store in Eastern Europe on Kuznetskiy Most in Moscow, Russia. NIKE’s partner...

Fashion retailer G-III Apparel’s net sales soars

US -based clothing retailer G-III Apparel Group has announced its fourth quarter and full year financial report for the year 2016-17.In the fourth...

India’s CCI approves deal involving Future Lifestyle Fashion

India’s Competition Commission has approved a deal to allow Future Lifestyle Fashion (FLFL) to transfer a section of its apparel marketing business.  Apparel...

Shoppers Stop inks deal with ToneTag to improve its digitisation

To improve its digitisation play across its stores, India-based retail chain Shoppers Stop has inked deal with proximity communications firm ToneTag to deploy...

Ben Sherman to open first full-price shop at Liverpool

The UK-based menswear brand, Ben Sherman, is going to launch its first full-price store at Liverpool. This new store which is covering 1,755...