16 May 2019Share
|(Rs. Cr.)||Q4 FY 2018||Q4 FY 2019||Growth||FY 2018||FY 2019||Growth|
The Board of Directors of the Company at its meeting today have approved the results for the quarter and year ended 31st March 2019.
Profit After Tax (PAT) for the quarter was 79 per cent higher at Rs.203 Cr vs Rs.113 Cr last year. The Company reported a robust increase in revenue of 9 per cent from Rs.1754 Cr. to Rs.1915 Cr. with a decline in EBITDA in Q4 FY19 due to rise in marketing spends in line with our endeavour to strengthen our brands.
On full year basis, the EBITDA has increased 24 per cent (Rs.619 Cr. vs. Rs.501 Cr.) and revenue has grown by 13 per cent (Rs.8118 Cr. vs. Rs.7181 Cr.) compared to FY18, which adjusted for Ind AS is 15 per cent Growth.
The Company reported 173 per cent higher PAT of Rs.321 Cr. (including deferred tax asset of Rs.194 Cr.) vs Rs.118 Cr. (including deferred tax asset of Rs.69 Cr.) last year.
Madura 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 14 per cent growth in revenue in Q4 as compared to the same period last year (Rs.1320 Cr. vs. 1161 Cr.) However, EBITDA witnessed a slight decline on the back of increased EBITDA losses in other business segments.
Pantaloons continues on its journey of becoming a dominant value-fashion retailer in the country.
Business reported revenue of Rs.633 Cr. in Q4 FY vs Rs.641 Cr. vs Q4 last year, clocking Ind AS adjusted growth rate of 4 per cent. However, the EBITDA was impacted by higher marketing expenditure incurred towards building brand Pantaloons. EBITDA in Q4 FY19 stood at Rs.13 Cr. vis-à-vis Rs.27 Cr. in Q4 FY18.
Revenue for full year grew from Rs.2862 Cr. in FY18 to Rs.3194 Cr. in FY19, which translates to 12 per cent growth (GST and Ind AS adjusted growth of 15 per cent). The segment posted outstanding growth in profitability during this year with EBITDA moving from Rs.171 Cr. in FY18 to Rs.231 Cr. in FY19.
Lifestyle brands continue to surge ahead with a sharp focus on brand strengthening, category extensions, store network expansion and customer centricity.
Pantaloons to continue to grow by focusing on improving its value proposition and targeting newer markets in India for increasing its footprint.
Fast Fashion segment will continue to focus on improving profitability by calibrating its business model.
Innerwear to aggressively expand its distribution footprint, riding on both men’s and women’s offerings. Global brands to keep improving its existing operations coupled with planned expansion of its mono brand stores.
Overall, ABFRL with its diversified offerings in the fashion & apparel space is well positioned to surge ahead in the billion-dollar market and build on its current momentum.
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 network of 2714 stores, presence across approximately 18000 multi-brand outlets with 5000+ point of sales in department stores across India.
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 Rs. one Crore. The financial results are consolidated financials unless otherwise specified.