Aditya Birla Fashion and Retail’s (ABFRL; CMP: Rs 225; Market Capitalisation: Rs 19,055 crore) June 2021 quarter results were affected by restrictions/lockdowns, owing to the second wave of COVID-19, with revenues at 40 per cent of pre-COVID levels. Negative operating leverage and certain one-time expenses led to losses at the EBITDA level. ABFRL has the most comprehensive portfolio among the listed apparel players spanning across segments, viz., innerwear, casual wear, formals, western as well as ethnic wear for men, women...
Moneycontrol Pro Panorama | Propping up valuations through buybacks no substitute for good performance
Dec 9, 2022 / 03:28 PM IST
In today’s edition of Moneycontrol Pro Panorama: Economic churn brings new sectors to forefront, gig jobs replace permanent employment, banks should tap branch network for deposit growth, advance booking is key to any travel plan, and moreRead Now
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