The Company reported growth in EBITDA of 33% along with a steady growth of 8% in sales.Q4 Operating profit
Q4FY18 Financial Performance
The Board of Directors of the Company at their meeting today has approved the fourth quarter results of the Company. The Company reported an excellent growth in EBITDA of 33% along with a steady growth of 8% in sales. Profit After Tax (PAT) for the quarter grew to Rs 113 Cr which included Rs 69 Cr of deferred tax asset recognized.
Business Segment Highlights
Madura business segment consists of lifestyle brands, fast fashion and new business. Lifestyle brands – Louis Philippe, Van Heusen, Allen Solly and Peter England are the leading apparel brands in the country. Fast Fashion business consists of Forever 21 and People.
· Madura segment recorded a revenue growth of 11% to Rs 1161 Cr, while the EBITDA grew by 29%over Q4 FY17
o Lifestyle brands revenue grew by 12% and EBITDA increased by 17%
o In Fast fashion, network rationalization & cost optimization initiatives reduced losses by 74%
o Other businesses led by International brands and Innerwear recorded revenue growth of90%
Pantaloons is one of the fastest growing value-fashion retailers in the country.
· Revenue grew by 9% over Q4 FY17 to Rs 641 Cr
· Impressive EBITDA growth of 84% over Q4 FY17to Rs 27 Cr
· The network grew to 275 stores, spread across 98 cities in the country
Lifestyle brands, through its focus on brand building and product innovations will chart its growth trajectory. Pantaloons will continue to drive new store led aggressive expansion, with focus on improving same store performance. The Companywill continue to grow new businesses to expand its presence across all major segments of the industry.
Aditya Birla Fashion and Retail Limited is India’s largest pure-play fashion and lifestyle company with a strong bouquet of leading fashion brands and retail formats. The Company has a reach of 2,465 brand stores, 4,982multi-brand outlets and 4000+ points of sale in Department stores across the country.