Aditya Birla Fashion and Retail Ltd (ABFRL) narrowed its net loss to ₹51.3 crore in Q3 FY24 from ₹77.9 crore in Q3 FY23 on the back of improvement in its revenue and profitability. Revenue from operations grew 3.3% year-on-year to ₹4,304.7 crore as against ₹4,166.7 crore last year, enabled by consistent demand across the brand portfolio.
EBITDA grew 14.8% to ₹635 crore as against ₹553.2 crore, reflecting improved operating performance. EBITDA margin stood at 14.8% as compared to the same period last year when it was 13.3%, reflecting higher cost efficiency and improved profitability.
Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Van Heusen and Pantaloons, plans to drive future growth by enhancing its premium and digital-first offerings.
On the National Stock Exchange, shares of Aditya Birla Fashion and Retail Ltd (ABFRL) closed at ₹247.9o, down 4.25% from its previous close. The stock has gained a total of 3.94% in the last one year, and witnessed a decline of 6% in the last one month.
Aditya Birla Fashion narrows Q3 loss to ₹51 crore, revenue rose 3.3%
