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Tag: Aditya Birla Fashion & Retail

  • Fashion house in the red as ABFRL posts Rs 233.7 crore quarterly loss

    Fashion house in the red as ABFRL posts Rs 233.7 crore quarterly loss

    MUMBAI: Loss is the new black and ABFRL is wearing it this quarter. Aditya Birla Fashion & Retail Ltd (ABFRL) has stitched together a tough start to FY26, posting a consolidated net loss of Rs 233.73 crore for the quarter ended 30 June 2025 deeper than the Rs 144.18 crore loss in the March quarter and the Rs 237.86 crore red ink from the same period last year.

    Revenue from continuing operations inched up 9.4 per cent year-on-year to Rs 1,831.46 crore, with the Pantaloons arm contributing Rs 1,094.13 crore and the Ethnic & Others segment adding Rs 754.57 crore. But rising costs from Rs 742.49 crore worth of stock-in-trade purchases last quarter to Rs 449.90 crore this time and finance charges of Rs 113.36 crore kept the bottom line under pressure.

    The quarter also included discontinued operations from the recently demerged Madura Fashion & Lifestyle unit, which brought in Rs 1,877.50 crore in revenue and Rs 140.61 crore profit after tax. Even with this boost, the overall loss for continuing and discontinued operations stood at Rs 212.81 crore.

    Operating margins from continuing business slipped into the negative at -0.26 per cent compared to 2.84 per cent in Q1 FY25, while net profit margin was -4.30 per cent. Total expenses surged to Rs 2,148.75 crore, with depreciation and amortisation costs rising to Rs 303.14 crore and rent expense hitting Rs 55.74 crore.

    On the balance sheet, ABFRL’s total assets stood at Rs 16,696.52 crore, with segment liabilities at Rs 9,628.52 crore. Net worth came in at Rs 8,239.51 crore. The company’s debt service coverage ratio remained negative at -3.52 times, signalling ongoing financial strain.

    Earnings per share from continuing operations came in at a loss of Rs 1.74, versus a Rs 0.49 loss a year ago. The Ethnic & Others segment, despite revenue growth, recorded a Rs 178.82 crore loss for the quarter, while Pantaloons barely broke even with Rs 3.67 crore in profit.

    While ABFRL continues to face cost headwinds and margin pressure, it is banking on its mass-market and ethnic portfolios to ride out the turbulence. For now, though, this quarter’s fashion statement is all about survival chic.
     

  • Vikas Purohit named CEO new business ventures at The Times of India

    Vikas Purohit named CEO new business ventures at The Times of India

    MUMBAI: The Times of India (BCCL) has appointed Vikas Purohit as CEO new business ventures, entrusting him with spearheading new growth initiatives. In this role, he will identify high-potential business opportunities, craft strategic plans, and lead execution to build scalable, profitable ventures.

    Purohit brings a wealth of experience, having previously led Meta India’s small business group, supporting over 10 million enterprises. He has also served as CEO of Tata CLiq Fashion and held key management positions at Amazon Fashion, Reliance Brands, and Aditya Birla Fashion & Retail.

    An alumnus of IIT BHU with a PGDBM from IIM Bangalore, Purohit’s expertise in digital commerce and retail makes him a formidable force in business innovation.

  • Percept digitICE executes virtual live conference for Aditya Birla Fashion & Retail

    Percept digitICE executes virtual live conference for Aditya Birla Fashion & Retail

    NEW DELHI: Supporting the corporates to get accustomed to the ‘new normal’ and host virtual events on a scale, the newly launched full-service digital, virtual and hybrid experiential marketing & events unit of Percept ICE, Percept digitICE recently conceptualised and executed a virtual live conference and awards event for Aditya Birla Fashion and Retail Ltd (ABFRL). 

    The four-day virtual conference and awards ceremony was held from 7 to 10 December 2020 and saw the senior management and over 4,500 ABFRL employees virtually attend the show from pan India. The live stream bridged multiple digital platforms and seamlessly synchronised all these platforms across geographies on a specially designed micro-site for the occasion. 

    With the very best of technology, innovation and creative prowess deployed by Percept digitICE, employees were able to seamlessly interact and network with the senior leadership, speakers, jury panellists and awardees in real-time in the virtual world across the four days of the event.

    Percept ICE EVP & business head Vidya Alva said, “The successful execution of this event highlights the growing importance of the digital era even as leading brands and companies aim to proactively connect with their stakeholders in the years ahead. With the world still battling the pandemic and physical distancing being a continuing reality, our swift leap into the digital frontier has certainly given us a massive advantage in the digital, virtual, and hybrid space to enable our clients to host virtual events, conferences, launches, awards, employee engagements and more, thereby ensuring an uninterrupted reach, narrative and growth of their business profile.” 

    Aditya Birla Fashion and Retail AVP – talent, learning and OE said, “The ABFRL Awards symbolise the quest for excellence and while in the interest of safety we could not do an in-person ceremony; it was important for us to realise impactful means to recognise our achievements. The successful live-cast of the 2020 Awards did exactly that and wonderfully endorsed our commitment to inspiring, rewarding and celebrating some of the best and finest work done by individuals and teams. Percept ICE pulled off a seamless virtual event that showcased our promise to spotlight excellence, seek inspiration and learn along with facilitating personal connects and conversations via creative innovation on the back of new-age technology.”