04 February 2019Share
|Results (INR Cr.)||Q3 FY2018||Q3 FY2019||Growth||YTD Q3 FY 2018||YTD Q3 FY 2019||Growth|
Q3 FY2019 financial performance
Aditya Birla Fashion and Retail Ltd. ("Company/ ABFRL"), India's first billion dollar pure-play fashion powerhouse, has reported a stellar performance for Q3 of FY 2018-19 ("FY 19"). Its revenue registered a strong growth of 23 per cent (Ind AS and GST adjusted growth rate of 24 per cent) and EBITDA has risen by 28 per cent.
On YTD basis, the EBITDA has zoomed 44 per cent and revenues have grown 14 per cent (Ind AS and GST adjusted growth rate of 16 per cent) compared to YTD Q3 financials of the FY 2017-18 ("FY 18").
For the reported quarter, the company's Profit After Tax (PAT) stood at Rs.70 crore vis-à-vis a PAT of Rs.35 crore in the corresponding quarter of FY 18. This was on account of an overall improvement in all the business segments.
Business segment highlights
Madura's business segment consists of Lifestyle brands (Louis Philippe, Van Heusen, Allen Solly and Peter England); Fast Fashion (Forever 21 and People) and Others (innerwear and international brands).
Madura recorded a robust 18 per cent revenue growth at Rs.1,345 crore in Q3 FY19 as against Rs.1,139 crore in Q3 FY18. EBITDA rose by 24 per cent to Rs.101 crore vis-à-vis Rs.81 crore in the corresponding quarter of FY 18.
Pantaloons delivered an impressive performance in Q3 FY19, powered by strong performance in the festive season.
Aditya Birla Fashion and Retail Ltd. 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 network of 2,671 stores, approximately 16,000 multi-brand outlets and 4,300+ 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 & strategy of the Company, its future outlook & growth prospects, future developments in its businesses, its competitive & regulatory environment and management's current views & 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.