The company posted a 3.3 per cent year-on-year (YoY) increase in its revenue from operations in the third quarter of the current fiscal (Q3FY25)
Aditya Birla Fashion and Retail (ABFRL) has managed to reduce its net loss in the third quarter of the current financial year (Q3FY25). Indicating an improved performance, the company’s consolidated net loss, attributable to owners of the company, narrowed to Rs 51.31 crore in Q3FY25, compared to Rs 77.87 crore in Q3FY24.
The unaudited consolidated financial results of the company revealed a 3.3 per cent year-on-year (YoY) increase in its revenue from operations. The revenue rose to Rs 4,304.7 crore during the recently concluded quarter, compared to Rs 4,166.71 crore in the corresponding period of the previous fiscal. The total expenses of the company rose to Rs 4,389.09 crore in Q3FY25, compared to Rs 4,302.93 crore in the same period a year ago.
“Brands delivered strong retail LTL growth, driven by a robust festive season and a continued sharp focus on product innovations, enhanced retail experiences and brand salience. Significant growth this quarter was fuelled by newer businesses catering to emerging consumer segments, in line with the company’s diversification strategy,” stated the company in a release.
The company stated that ethnic businesses grew seven per cent as compared to the last year, led by strong festive and wedding season. Luxury retail grew 13 per cent compared to LY. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 683 crore during the quarter, marking a 13 per cent YoY growth compared to Rs 605 crore in Q3FY24.
As far as lifestyle brands are concerned, the company stated that revenue stood at Rs 1,817 crore. EBITDA for the business was Rs 357 crore, resulting in an EBITDA margin of 19.6 per cent. Brands continued to perform well, driven by increased casualisation, a consistent focus on premiumisation, and improved in-store experiences, offering a diverse range of merchandise for all age groups and occasions, thereby strengthening consumer engagement and brand appeal, as per the statement.
