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Aditya Birla Fashion and Retail: Near-term weakness could present opportunity for long-term investors

Second wave is likely to affect performance of ABFRL for a significant part of FY22. However, brand recall of the core business and huge growth potential of emerging verticals will set stage for more upside

May 31, 2021 / 10:23 AM IST
Aditya Birla Fashion and Retail: Near-term weakness could present opportunity for long-term investors

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Aditya Birla Fashion and Retail Ltd’s (ABFRL) (Rs: 191; Market Capitalisation: Rs 16,194 crore) revenues reached the pre-COVID levels in the March 2021 quarter. Cost-control measures led to improvement in margins while losses narrowed at the net level. While the second wave of COVID-19 would affect operations for a significant part of FY22, the strong brand recall of the core business, and the robust growth potential of innerwear, and ethnic and global youth brands set the stage for a strong...

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