Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.
54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd. Its revenue from operations was at Rs 3,406.65 during the quarter under review against Rs 2,879.
73 crore in the year-ago period. According to the Aditya Birla group firm, the consolidated financial results for the quarter that ended March 31, 2024, are 'not comparable with previous quarters' pursuant to the acquisition of TCNS Clothing and Styleverse Lifestyle. Its total expenses were at Rs 3,813.
87 crore in the March quarter. “The established businesses continue to navigate market headwinds while maintaining a sharp focus on profitability enhancement,” said ABFRL in an earning statement. Its revenue from the 'Madura Fashion & Lifestyle' segment was at Rs 1,861.
75 crore. Pantaloons' revenue was at Rs 895.03 crore.
Ethnic and Others business posted a revenue of Rs 712.43 crore, driven by higher same-store sales, network expansion and category extensions. Its Reebok segment grew 29% this quarter, with the brand profitably crossing Rs 450 crore in revenue within its first full year of operations with the Company.
It recently announced de-merger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Ltd. “The strategic de-merger of ABFRL is p.