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
Conference Call with Aditya Birla Fashion and Retail Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Department Stores company Aditya Birla Fashion and Retail announced Q2FY24 & H1FY24 results: Q2FY24: Consolidated: Revenue: Rs 3,226 crore, with a 5% growth. EBITDA: Rs 369 crore, a decrease of 12%. EBITDA margin was 11.4% PAT: Rs (200) crore. Standalone: Revenue: Rs 2,995 crore, showing a 1% growth. EBITDA: Rs 426 crore, down by 8%. EBITDA margin was 14.2% PAT: Rs (75) crore. H1FY24: Consolidated: Revenue: Rs 6,423 crore, an 8% growth. EBITDA: Rs 722 crore, showing a decrease of 21%. PAT: Rs (362) crore. Standalone: Revenue: Rs 5,982 crore, a 4% growth. EBITDA: Rs 849 crore, down by 12%. PAT: Rs (124) crore. ABFRL’s store network has now grown to 4,050+, adding net 48 stores in this quarter Lifestyle Brands added net 17 stores Net addition of 5 stores for Pantaloons Brands continued to actively expand while also focusing on improving the network health Result PDF