Page 2 - Aditya Birla Fashion And Retail

ABFRL eyes over 10% of revenue from new age digital brands in 3-5 years

ABFRL will look at buying out a majority stake in D-2-C brands it will invest in as it has done in the past in its other investments.

Aditya Birla Fashion to set up subsidiary for entry into D2C space

Venture will initially be funded through ABFRL's internal accruals and at an appropriate time, the firm will look to bring in external capital to accelerate growth

ABFRL net profit jumps over three-fold to Rs 196.80 cr in December quarter

Aditya Birla Fashion and Retail Ltd on Friday reported over a three-fold jump in its net profit to Rs 196.80 crore for the third quarter ended December 31. The company had posted a net profit of Rs 58.44 in the year-ago quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Its revenue from operations rose 43.87 per cent to Rs 2,987.10 crore during the quarter under review, against Rs 2,076.19 crore in the corresponding period of the previous fiscal. ABFRL's total expenses increased 36.52 per cent to Rs 2,744.35 crore in the quarter, from Rs 2,010.17 crore a year ago. Its revenue from Madura Fashion & Lifestyle segment surged 57.59 per cent to Rs 1,990.52 crore, compared to Rs 1,263.10 crore in the year-ago quarter. Pantaloons' revenue increased 31.45 per cent to Rs 1,066.43 crore, against Rs 811.27 crore. Shares of Aditya Birla Fashion and Retail Ltd on Friday closed 2.91 per cent lower at Rs 295.30 apiece on the BSE.

ABFRL to acquire 51% stake in brand Masaba, aims Rs 500 cr revenue in 5 yrs

Aditya Birla Fashion and Retail Ltd on Friday said it will acquire a 51 per cent majority shareholding in brand 'Masaba' promoted by designer Masaba Gupta for a cash consideration of Rs 90 crore.

Aditya Birla Fashion collaborates with Germany's GIZ to boost circular biz

Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday announced collaboration with Germany's GIZ, a move aimed at strengthening circular business practices for the Indian market.

Arvind, KPR Mill, Gokaldas: Textile stocks that can gain up to 12%

Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.

Reebok deal price, growth potential positive for Aditya Birla Fashion

The near term, however, could see higher investments in marketing, expansion

Stocks to Watch: ITC, Lupin, ABFRL, Glenmark, NBFCs, Tata group stocks

The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)

Aditya Birla Fashion and Retail to take over Reebok's operations in India

This deal marks ABFRL's foray into India's fast-growing sports and activewear segment

Aditya Birla Fashion to sell Reebok merchandise in India; stock surges 6%

This deal marks a foray for ABFRL into India's fast-growing sports and activewear segment.

Aditya Birla Fashion to buy exclusive rights to Reebok in India

Shares of ABFRL jumped 4.6% to 279 rupees after the announcement

ABFRL targets to hit Rs 25,000 cr revenue after 5 yrs: Kumar Mangalam Birla

Leading fashion retail firm Aditya Birla Fashion and Retail Ltd (ABFRL) is targeting to hit Rs 25,000 crore revenue after five years, according to its Chairman Kumar Mangalam Birla.

Reduced debt, better business outlook spark rally in Aditya Birla Fashion

Shares of the company were up for 8th straight day, its longest winning streak in nearly six years

Aditya Birla Fashion steps up presence in ethnic wear after Sabyasachi deal

Ties up with designer Tarun Tahiliani; second deal in a month

Aditya Birla Fashion and Retail posts Q3 net profit of Rs 58.55 crore

The firm on Monday reported a consolidated net profit of Rs 58.55 crore for the quarter ended December

Aditya Birla Fashion acquires 51% stake in Sabyasachi; stock dips 6%

Sabyasachi is India's largest and most influential luxury designer brand and engaged in categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle

Stocks to watch: Axis Bank, HUL, Maruti Suzuki, IndiGo, PVR, ABFRL, Nalco

Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi

Stocks to watch: RIL, Axis Bank, Bajaj Auto, Bajaj Finance, Lauras Labs

Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities

Sales uptick, lower debt to help in Aditya Birla Fashion recovery

Cost reduction, higher private label sales to aid margins

Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers