Aditya Birla Fashion and Retail (ABFRL) posted a 79 per cent jump in net profit to reach Rs. 203 crore for the fourth quarter of the financial year 2018-19 ending March 31, 2019. ABFRL had posted a net profit of Rs. 113 crore during the same period last year, the company said in its earnings announcement.
The company reported a 9 per cent surge in revenue from Rs. 1,754 crore to Rs. 1,915 crore, with a decline in EBITDA in the fourth quarter FY19 due to rise in marketing spends.
On full year basis, the EBITDA increased 24 per cent to Rs. 619 crore, compared with Rs. 501 crore it posted last year, while revenue rose 13 per cent to Rs. 8,118 crore. The company has reported 173 per cent higher net profit of Rs. 321 crore for the full year, including deferred tax asset of Rs. 194 crore, compared to Rs. 118 crore net profit it posted last year, including deferred tax asset of Rs. 69 crore.
Madura, which consists of fashion brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, Forever 21 and People, recorded a 14 per cent jump in revenue in the fourth quarter to Rs. 1,320 crore, compared with Rs. 1,161 crore during the corresponding period last year.
Other businesses continue to showcase strong performance with 65 per cent growth in revenues over the fourth quarter FY18 and EBITDA losses at Rs. 24 crore. Innerwear business continues to scale at a rapid pace expanding its footprint and now touches approximately 14,000 outlets across the country, the company said.
ABFRL has a network of 2,714 stores, presence across approximately 18,000 multi-brand outlets with more than 5,000 point of sales in department stores across India.