Indian fashion conglomerate Aditya Birla Fashion and Retail (ABFRL) reported a consolidated net loss of Rs. 108 crore for the December quarter, as against a net profit of Rs. 11 crore in the year-ago period.
The company’s revenue for the quarter rose by 16 per cent to Rs. 4,167 crore, as against Rs. 3,589 crore in the corresponding quarter of the previous fiscal year.
“ABFRL delivered another quarter of resilient performance, underlining strong operating fundamentals despite a challenging environment. ABFRL will continue to manage business dynamically, ensuring long-term growth and sustainability,” the company said in a statement.
During the quarter, ABFRL’s network grew to 4753 stores including TCNS stores with 36 additions for its lifestyle brands, 7 for Pantaloons and 14 for its ethnic brands.
ABFRL is part of a leading Indian conglomerate, The Aditya Birla Group. ABFRL emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL’s Madura Fashion division and ABNL’s subsidiaries – Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.
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