Aditya Birla Retail Ltd

Aditya Birla Group, a family business and 7 generations old, has a presence in various sectors, including metals, financial services, and retail

The Quality Control Order for mandatory certification of cotton bales is good for the Indian industry as there is a need to improve the quality of cotton exported from the country, according to an Aditya Birla Group official. "If they have done anything on quality control it is good for the industry. Cotton is an internationally traded commodity and India is the largest producer of cotton in the world. So obviously, you need to improve the quality of cotton which is exported out of the country. It must meet international standards," Thomas Varghese, Business Head - Textiles at Aditya Birla Group, said. He was speaking on the sidelines of an Assocham Summit here on Thursday. The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry. A day before, the decision was taken at the fifth interactive meeting with the Textile Advisory Group here to review the ...

BENGALURU (Reuters) - Indian apparel retailer Aditya Birla Fashion and Retail Ltd reported a steep 92% drop in third-quarter profit on Tuesday, hurt by soaring marketing expenses.

Aditya Birla Fashion and Retail Ltd on Wednesday reported a consolidated net profit of Rs 31.90 crore for the fourth quarter ended in March 2022, led by a revival in demand across categories. The company had posted a net loss of Rs 195.86 crore during the January-March quarter of the previous fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Its revenue from operations was up 25.32 per cent to Rs 2,282.83 crore during the quarter under review as against Rs 1,821.58 crore in the corresponding period of the previous fiscal. "A rapid revival in demand across categories led to a robust quarterly performance despite the impact of the third wave of the pandemic. The investments in e-commerce and omnichannel expansion have shown results with rising consumer affinity for our brands," said an earning statement from ABFRL. ABFRL's total expenses were at Rs 2,266.06 crore, up 15.58 per cent in Q4/FY 2021-22, as against Rs 1,960.47 crore. Its revenue from Madura

Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

The twin approvals by the country's anti-monopoly watchdog comes within a month of Centre tightening the norms for foreign direct investment (FDI) in e-commerce