Aditya Birla Fashion and Retail Ltd. News and Updates

Name: Latest research reports of Aditya Birla Fashion and Retail Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Aditya Birla Fashion and Retail Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on Aditya Birla Fashion and Retail Ltd. from all sources in a single place.

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Aditya Birla Fashion and Retail Ltd.

23 Oct 2020

87.00

-1.08%

How Flipkart-Aditya Birla Fashion deal is a win-win

Business Line

Flipkart's investment of 1,500 crore for a minority stake of 7.8 per cent in Aditya Birla Fashion and Retail Ltd (ABFRL), goes beyond the rhetoric of

Aditya Birla Fashion and Retail Ltd. is trading below all available SMAs

Flipkart to buy 7.8% stake in Aditya Birla Fashion

Business Today | 23 Oct 2020 1 more

Aditya Birla Fashion and Retail Ltd.

14 Aug 2020

87.00

-1.08%

Aditya Birla Fashion & Retail

Buy: Aditya Birla Fashion and R...

Target

ICICI Securities Limited

Revenue from Lifestyle brands de-grew 81% YoY to | 190.0 crore. It reached 30% of pre-Covid sales in June (LTL: 50%). Aligning with the current demand scenario, it tweaked its product portfolio by launch of work from home collections, merchandise focused on around health & safety and protective masks (~50 lakh branded masks sold). The company fortified its digital presence as sales in June from e-commerce channel grew 166% YoY (share of e-commerce rose to 21% in Q1FY21 vs. 6%). Revenue from other business (that includes innerwear & athleisure) de-grew 77% YoY to | 47.0...

Aditya Birla Fashion.. has an average target of 284.33 from 3 brokers.

Aditya Birla Fashion and Retail Ltd.

13 Aug 2020

87.00

-1.08%

Aditya Birla Fashion and Retail reports Q1 net loss of 410 cr

Business Line

Aditya Birla Fashion and Retail Ltd (ABFRL) on Thursday reported a consolidated net loss of 410.36 crore for quarter ended June, impacted by the co

Aditya Birla Fashion and Retail Ltd. has lost -69.59% in the last 1 Year

Aditya Birla Fashion slips into red, reports Q1 loss of Rs 410 cr

Business Standard | 13 Aug 2020 1 more

Aditya Birla Fashion and Retail Ltd.

29 Jul 2020

87.00

-1.08%

Aditya Birla Fashion allots 9.02 crore rights shares

Business Line

The board of Aditya Birla Fashion and Retail Limited has allotted 9.02 crore shares to the eligible applicants in the Rights Issue at an issue price o

Aditya Birla Fashion.. has an average target of 284.33 from 3 brokers.

Aditya Birla Fashion and Retail Ltd.

16 Jul 2020

87.00

-1.08%

Aditya Birla Fashions' rights entitlement shares tumble 39%

Business Standard

The dealings in the REs for Renunciation of Aditya Birla Fashion and Retail Ltd were permitted on BSE with effect from the July 8, 2020 and will close on July 17, 2020

Aditya Birla Fashion and Retail Ltd. is trading below all available SMAs

Aditya Birla Fashion and Retail Ltd.

09 Jul 2020

87.00

-1.08%

Aditya Birla Fashion's rights issue opens, should you subscribe?

Moneycontrol

The issue seems to be well priced taking into consideration the ongoing pandemic environment and investor sentiments, say experts.

Aditya Birla Fashion and Retail Ltd. has lost -67.06% in the last 1 Month

Aditya Birla Fashion Rights Entitlement shares close at 40% premium over intrinsic value

Moneycontrol | 08 Jul 2020

Aditya Birla Fashion and Retail Ltd.

08 Jul 2020

87.00

-1.08%

Bulk deals: Invesco India Contra Fund sells ABFRL

Economic Times

Here's who bought and sold what in some of the key bulk and block deals of the day.

Aditya Birla Fashion and Retail Ltd. high volume past week with price loss of -68.64.

Aditya Birla Fashion and Retail Ltd.

29 Jun 2020

87.00

-1.08%

Aditya Birla Fashion to launch 995-cr rights issue on 8 July

livemint

The rights issue, which will allow existing shareholders of the company to subscribe to shares at a price of 110 per share, will close on 22 July

Aditya Birla Fashion and Retail Ltd. has lost -71.84% in the last 6 Months

Aditya Birla Fashion rights issue to open July 8

Economic Times | 29 Jun 2020 3 more

Aditya Birla Fashion and Retail Ltd.

23 Jun 2020

87.00

-1.08%

Buy Aditya Birla Fashion; target of Rs 180: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on Aditya Birla Fashion has recommended buy rating on the stock with a target price of Rs 180 in its research report dated June 22, 2020.

Aditya Birla Fashion and Retail Ltd. has lost -71.84% in the last 6 Months

Aditya Birla Fashion and Retail Ltd.

22 Jun 2020

87.00

-1.08%

On steady ground

Buy: Aditya Birla Fashion and R...

Target

Motilal Oswal

Yet, the ABFRL stock is down 53% (decline much higher than other retailers) from its peak in Feb20, which could largely be pinned on its high leverage. Our broad workings indicate that at revenue of INR60b, ABFRL would reach EBITDA break-even on the back of 50% gross margin and 25% reduction in existing operating cost of IN40b in FY21. Our expectation of ~20-25% operating cost reduction is achievable as (a) rental cost negotiations with landlords are on with good success, especially as some high street properties have already granted rental waivers for the lockdown period and lowered rent for FY21, (b) employee cost could be reduced across the front end, factory and head office with savings from variable pay, repositioning of employees to other verticals and some natural churn, (c) SG&A; may see >25% savings coming from multiple discretionary and non-core variable costs, including traveling, training, etc.