Department Stores company Aditya Birla Fashion and Retail announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 Revenue: Consolidated revenue for Q3FY24 was Rs 4,167 crore, showing a 16% increase from Rs 3,589 crore YoY. EBITDA: Consolidated EBITDA stood at Rs 605 crore, which is a 29% growth from Rs 467 crore in Q3FY23. Profit After Tax (PAT): The quarter saw a consolidated net loss of Rs 108 crore, compared to a PAT of Rs 11 crore previously. Standalone Q3FY24 Revenue: The company reported a revenue of Rs 3,516 crore for the quarter, marking an increase of 5% compared to the previous year's figure of Rs 3,359 crore. EBITDA: Standalone EBITDA rose to Rs 611 crore, a substantial growth of 28% from last year's Rs 478 crore. Profit After Tax: The standalone PAT faced a decline, reducing to Rs 45 crore from Rs 57 crore, a change of -21%. Consolidated 9MFY24 Revenue: For the year-to-date, consolidated revenue grew by 11%, reaching Rs 10,589 crore compared to Rs 9,538 crore for the same period last year. EBITDA: EBITDA decreased slightly by 4%, from Rs 1,385 crore to Rs 1,326 crore. Profit After Tax (PAT): There was a notable year-to-date net loss of Rs 470 crore, contrasting sharply with the previous year's gain of Rs 135 crore. Standalone 9MFY24 Revenue: The revenue stood at Rs 9,499 crore, reflecting a 5% growth from the previous year's Rs 9,086 crore. EBITDA: EBITDA was practically unchanged year-over-year, with Rs 1,460 crore relative to Rs 1,447 crore. Profit After Tax (PAT): There was a significant decrease in PAT, amounting to a loss of Rs 78 crore compared to a positive Rs 261 crore in the previous year. Key Business Segment Highlights Lifestyle Brands: Registered a 10% revenue growth with Rs 1,815 crore and a notable EBITDA margin expansion of roughly 230 basis points, reaching 19.2% EBITDA. Pantaloons: Witnessed a 12% increase in revenue at Rs 1,297 crore and a 40% EBITDA growth. Ethnic Businesses: Excluding TCNS, the segment experienced a growth of 43%. Youth Western Wear: American Eagle saw a 34% increase in revenue, while Forever 21 faced market challenges. Reebok Performance: Continued strong performance with an over 100 crore sales mark and significant distribution expansion. Innerwear & Athleisure: Faced market softness along with a 5% growth in the Innerwear category. Result PDF