The company is eyeing to double its scale and triple its cash profits over the next five years, the reports note
Aditya Birla Lifestyle Brands or ABLBL is aiming to double its revenue in the next five years and will invest Rs 300 crore every year, as per media reports. The newly-listed company is also eyeing to double its scale and triple its cash profits over the next five years.
The reports noted that the growth will be strategic and powered by strong cash flows. Ashish Dikshit, Managing Director (MD), highlighted that two of the company’s brand clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year, the reports emphasised.
Dikshit told reporters that the last two years have been tough on the industry. On the capex plan of the company, the reports noted that a healthy portion of it is going towards the expansion of the retail network, while a smaller part is going towards the technological and internal capabilities.
Marking the successful completion of the Aditya Birla Group’s strategic demerger of its fashion business into two distinct listed entities, ABLBL made its debut on the Indian stock exchanges on Monday.
Commenting on the development, Aditya Birla Group Chairman Kumar Mangalam Birla stated, “This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver.”
ABLBL now houses several well-known lifestyle and casualwear labels such as Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter, Reebok, American Eagle, and the innerwear business under Van Heusen.
