India-based, Aditya Birla Fashion and Retail Ltd. has announced its second quarter results with revenues increasing by 13.1 per cent year-on-year to Rs. 1,886.73 crore. While the company’s Pantaloons brand contributed Rs. 726.71 crore to revenues and reported year-on-year growth of 21.7 per cent, its major brand Madura Fashion & Lifestyle witnessed growth of 4.8 per cent.
Moreover, during the period under review, the company’s net profit increased by 7 per cent to Rs. 64.89 crore. This was partially driven by 18.9 per cent annual increase in other incomes. Its EBITDA rose by 4.6 per cent to Rs. 164.79 crore.
Also Read – Ted Baker to enter India through ABFRL
It is pertinent to mention here that ABFRL entered into a partnership with one of the U.K.’s biggest brands, Ted Baker, during the quarter under review.
