Conference Call with Aditya Birla Fashion and Retail Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Department Stores company Aditya Birla Fashion and Retail announced Q1FY24 results: Sales grew across brands and formats despite unfavorable market conditions. 11% YoY growth with revenue at Rs 3,196 crore for Q1FY24. Standalone revenue grew 8% YoY. Consolidated EBITDA for Q1FY24 stood at Rs 353 crore. EBITDA margin was 11%. ABFRL’s store network is now 4000+ large and continues to expand. Branded business network added 28 stores on a net basis in Q1FY24. Ethnic businesses added 12 stores to the network. Pantaloons added net 3 stores to its network this quarter. Company continued to expand its digital footprint. E-com sales grew 12% YoY with strengthened omnichannel play. TMRW started driving value creation for its portfolio of brands through operational interventions Result PDF