Quarterly Results: Aditya Birla Fashion and Retail Ltd

Technical View:

Aditya Birla Fashion & Retail Ltd closed at Rs 139.55, up by 0.7 points or 0.5% from its previous close of Rs 138.85 on the BSE.

The scrip opened at Rs 139.10 and has touched a high and low of Rs 141.50 and Rs 135.90, respectively. A total of 191462 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

Standalone Results Q2FY17:

Aditya Birla Fashion and Retail Ltd (ABFRL) has reported its Q2FY17 standalone numbers. The company’s revenue for the quarter increased 13.1% YoY to Rs 1886.73 crore. The company’s Pantaloon brand contributed Rs 726.71 crore to revenues and reported YoY growth of 21.7%. Its major brand Madura Fashion & Lifestyle witnessed YoY growth of 4.8%. During the quarter, the company entered into a partnership with Ted Baker, one of the biggest brands in UK.

The company's EBITDA increased 4.6% YoY to Rs 164.79 crore even as EBITDA margin contracted 72 bps to 8.7%. The company’s rent expenses and other expenses grew 14.8% and 8.7% YoY respectively.

Its Net profit increased 7% YoY to Rs 64.89 crore. This was partially driven by 18.9% YoY increase in other income.