02 November, 2018Share
|Results (INR Cr.)||Q2 FY 2018||Q2 FY2019||Growth||H1 FY 2018||H1 FY 2019||Growth|
Q2 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 Q2 of FY 2018-19 ("FY 19"). EBITDA has soared by 62 per cent and revenue registered an 11 per cent rise (Ind AS and GST adjusted growth rate of 12 per cent).
On H1 basis, the EBITDA has zoomed 56 per cent and revenues have grown 10 per cent (Ind AS and GST adjusted growth rate of 12 per cent) compared to H1 of the FY 2017-18 ("FY 18").
For the reported quarter, the company's Profit After Tax (PAT) stood at Rs.43 crore vis-à-vis a loss of Rs.10 crore in the corresponding quarter of FY 18. This was on the wings 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 other businesses.
Madura recorded a spectacular 52 per cent EBITDA growth at Rs.114 crore in Q2 - FY 19 as against Rs.75 crore in Q2 - FY 18. Revenues rose by 13 per cent to Rs.1,263 crore vis-à-vis, Rs.1,119 crore in the corresponding quarter of FY 18.
Pantaloons continues its growth trajectory despite the festive season moving to Q3 - FY 19.
ABFRL's outlook for the future is bright. ABFRL has a spread of 2,576 brand stores, approximately 14,000 multi-brand outlets (including 9,500+ trade outlets in Innerwear) and 4,100+ 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.