Moneycontrol PRO

Aditya Birla Fashion and Retail: Is recovery around the corner?

Business momentum is picking up strongly post unlock measures. Company expects to reach normalcy by festive season provided third wave of COVID-19 does not have significant impact.

August 02, 2021 / 10:19 AM IST
Aditya Birla Fashion and Retail: Is recovery around the corner?

Representative image

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...

  • PRO Panorama

    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 more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers