11 May 2018
Q4FY18 financial performance
The Board of Directors of the company at their meeting today has approved the fourth quarter results of the company. The company reported an excellent growth in EBITDA of 33 per cent along with a steady growth of 8 per cent in sales. Profit After Tax (PAT) for the quarter grew to Rs.113 crore which included Rs.69 crore of deferred tax asset recognised.
Business segment highlights
Madura business segment consists of lifestyle brands, fast fashion and new business. Lifestyle brands — Louis Philippe, Van Heusen, Allen Solly and Peter England are the leading apparel brands in the country. Fast Fashion business consists of Forever 21 and People.
Pantaloons is one of the fastest growing value-fashion retailers in the country.
Lifestyle brands, through its focus on brand building and product innovations will chart its growth trajectory. Pantaloons will continue to drive new store led aggressive expansion, with focus on improving same store performance. The company will continue to grow new businesses to expand its presence across all major segments of the industry.
About Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited is India’s largest pure-play fashion and lifestyle company with a strong bouquet of leading fashion brands and retail formats. The company has a reach of 2,465 brand stores, 4,982 multi-brand outlets and 4000+ points of sale in department stores across the country.
Disclaimer : Certain statements in this “Press Release” may not be based on historical information or facts and may be “forward looking statements” within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans and strategy of the company, its future outlook and growth prospects, future developments in its businesses, its competitive and regulatory environment and management's current views and assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This “Press Release” does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the company’s shares. The financial figures in this “Press Release” have been rounded off to the nearest rupees one crore. The financial results are consolidated financials unless otherwise specified.
Dr. Pragnya RamGroup Executive President, Corporate Communications & CSRAditya Birla Management Corporation Private LimitedAditya Birla Centre, 1st Floor, 'C' WingS.K. Ahire Marg, WorliMumbai 400 030.
91-22-6652 5000 /2499 5000
Fax: 91-22-6652 5741/ 42