Aditya Birla Fashion and Retail Ltd. share price target

which is a leading Indian conglomerate. With retail space of 8.4 million sq. ft. (as on March 31, 2021), it is India's first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats. The company has a network of 3,397 stores across ~26,744 multi-brand outlets with >6,750 point of sales in department stores...

ADITYA BIRLA FASHION AND RETAIL (ABFRL) | Retail ABFRL has created one of India's strongest apparels portfolio over the years offering wide range of products to the customers at multiple price points. The company enjoys higher market share with its popular brands like Louis Phillipe, Allen Solly, Van Heusen and Peter England. Also, the newer entrant in the portfolio such as Ethnic wear and Athleisure wear is also creating a strong market presence. ABFRL has been aggressively acquiring and partnering with India's top and respected designers such as Shantanu & Nikhil, Jaypore, Sabyasachi, Tarun Tahiliani and House of Masaba curating an exciting range of ethnic collection. The company is also focused on aligning itself with...

On a favourable base, revenue grew 44x YoY to | 2987 crore. Overall revenue recovery surpassed pre-Covid levels and reached 116% in Q3FY22 Tighter markdown management and better product offerings resulted in gross margins improving ~230 bps YoY to 54.7% Strong revenue growth and higher gross margins enabled the company to report an EBITDA (post Ind-AS 116) of | 582 crore vs. EBITDA of | 365 crore in Q3FY21 with EBITDA margin improving 190 bps YoY to 19.5%...

led by festive and wedding seasons. The company recorded a strong topline as well as bottomline growth of 44% and 237% respectively yoy. All the business segments witnessed record high and Ethnic wear. This quarter was an active quarter for the company in terms of higher consumer...

ABFRL has charted out growth strategies to become a ~US$2.8 billion entity (| 21000 crore) by FY26E, translating to 15% CAGR in FY20-26E Company Event: ABFRL has acquired the licencing rights to sell and distribute...

Aditya Birla Fashion and Retail Ltd (ABFRL) acquired Reebok India's current business and exclusive licensing rights for an investment of just INR750m INR1b. Reebok India has a steady revenue/EBITDA of INR4.3b/INR721m In our view, this is a highly value-accretive deal ABFRL has acquired a strong...

Aditya Birla Fashion and Retail (ABFRL) is consolidation of ABNL's branded apparel business of Madura and Pantaloons.

ABFRL has aggressive store addition plans for FY22E with 60+ Pantaloons store and 400+ (franchisee) lifestyle brand stores. Besides, it has a target of opening 100 Pantaloons stores annually over the medium term To penetrate further in small towns through Peter England Red stores and Allen Solly Prime Stores (~200 stores in FY22E) Strengthening omni-channel strategy with enabling 2000+ stores omni enabled from current 1300 stores. Also launching new pantaloons website in Q3FY22 and multi-branded app in Q4FY22...

We factor in a revenue/EBITDA CAGR of 7%/16% over FY20-23E, and estimate Ind AS 116 EBITDA at INR7.3b in FY23E. Net debt remains a key monitorable as earnings in 2HFY22 and the final tranche of the rights issue could offset capex...

On verge of achieving full business normalcy