Aditya Birla Fashion and Retail has posted yet another outstanding quarterly performance. The company posted its highest-ever quarterly sales in Q2FY23 at Rs. 3075 Cr, up 50% YoY and 33% over pre-COVID levels. Strong performance across business segments led to a 24% YoY growth in EBITDA to Rs.418 Cr. Robust Like-to-Like and consistent E-commerce performance have been key drivers of growth in the quarter.
The key highlights of the quarterly performance are as follows:
Aggressive network expansion across brands, with Pantaloons adding 21 stores on a net basis and the Branded business adding 85 stores.
E-commerce sales grew 24% YoY across the portfolio
Consistent enhancement of Omni-channel coverage at over 1600 stores
Closed the quarter with net debt of Rs. 243 Cr. at consolidated level against Rs. 504 Cr. at the end of March’ FY22.
Lifestyle Brands: Best quarter for the branded portfolio as revenue grew 45% YoY (34% over pre-COVID levels) to reach Rs. 1680 Cr on the back of industry-leading retail L2L growth of 27%.
Pantaloons: Business achieved highest-ever quarterly revenues to grow 64% YoY to Rs. 1094 Cr. EBITDA margins now ahead of pre-COVID levels.
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