Aditya Birla Fashion & Retail : Q1FY18 Result

Aditya Birla Fashion & Retail reported its results for the quarter ended June 30, 2017 on Thursday.

The company's total sales for Q1FY18 came in at Rs 1769 crore, which represents a 8.9 per cent sequential increase and 25 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 15 crore and its EBIT margin stood at 0.85 per cent.

The company reported net loss of Rs 20 crore as against the net profit of Rs 22 crore in its preceding quarter. It had reported net loss of Rs. 21 crore in Q1FY17.

Lifestyle brands have registered robust revenue growth of 14% aided by retail LTL (Like-To-Like) sales growth of 21%.

Pantaloons continued growth momentum of 27% in revenue with LTL growth of 14%.

Final GST rates of 5% (below Rs 1000); 12% (above Rs 1000) and 28% on leather accessories are largely neutral for the industry as a whole. However, premium brands have been impacted marginally.

Aditya Birla Fashion and Retail Limited (ABFRL) is engaged in providing branded fashion apparels and accessories. It brings together two renowned Indian fashion icons, Madura Fashion & Lifestyle and Pantaloons.

The stock today opened at Rs 179.7 and touched an intra-day high and low of Rs 182.1 and Rs 169, respectively, on the BSE.