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Wednesday, August 17, 2022

Aditya Birla Fashion and Retail posts highest ever Q1 sales with 39% revenue growth over pre-COVID levels; EBITDA grew 51% over the period to Rs. 500 Cr

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Aditya Birla Fashion and Retail has reported yet another outstanding quarterly performance. The company posted its highest-ever quarterly sales in Q1FY23 at Rs. 2875 Cr, up 254% YoY. EBITDA jumped 51% over pre-COVID levels to Rs.500 Cr. A sharp recovery in demand across categories and strong preference for our portfolio of brands led to a robust quarterly performance. Aggressive store expansion, accelerated E-commerce and omni-channel play have been key drivers of growth in the quarter. 

The key highlights of the quarterly performance are as follows:

  1. EBITDA Margin expanded by 130 bps over pre-COVID levels to reach 17.4% in Q1 FY23
  2. Ecommerce sales grew 56% YoY
  3. Omni-channel network has been expanded to more than 1600 stores, and is one of the largest in the country.
  4. Lifestyle brands – Revenue grew 51% over pre-COVID levels to Rs. 1519 Cr., while EBITDA grew 40% to Rs. 266 Cr., on the back of retail L2L growth and aggressive expansion of retail stores.
  5. Pantaloons – Business achieved highest-ever Q1 revenues of Rs.1027 Cr, while EBITDA grew 33% over pre-COVID levels.

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