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Tag: Madura Fashion & Lifestyle

  • 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.
     

  • Snapdeal to invest $300 million in SCM, names Hardeep Singh as head infrastructure

    Snapdeal to invest $300 million in SCM, names Hardeep Singh as head infrastructure

    MUMBAI: Snapdeal is planning to invest $300 million this year to strengthen its Supply Chain Management (SCM), which is a key function of any e-commerce company. Additionally, the company has strengthened its SCM team with the appointment of Hardeep Singh as head – infrastructure.

     

    In his new role, he will help craft strategies for making Snapdeal’s Supply Chain systems future ready. This includes the entire gamut of network design, infrastructure and special projects.

     

    Singh comes with over 21 years of experience in various aspects of supply chain operations including – planning, warehouse management, driving process excellence, supply chain technology integration, end-to-end solutions design and implementation. Prior to his appointment at Snapdeal, he was at Bharti Retail as head – supply chain and infrastructure. During his stint at Bharti Retail and Bharti Walmart, Singh was responsible for driving the best-in-class strategies covering Supply Chain, IT and Real Estate.

     

    Previously, he was the CEO at Inlogistics, the first private container train operator to run on Indian Railways network. In his two decades long career, Singh has also worked with organisations like Hindustan Unilever, Asian Paints and Madura Fashion & Lifestyle.

     

    Snapdeal entered into a strategic partnership with Gojavas earlier this year. In order to further customer experience on the platform, the companies together launched innovative delivery services like four hour delivery, card-on-delivery and 90 minutes reverse pickups. Snapdeal’s flagship service, Snapdeal Plus has seen success since its launch a year ago. Currently, 60 per cent of the orders are Snapdeal Plus fulfilled up from seven per cent in January 2015. The SCM team at Snapdeal is 1000+ people strong and has grown five times since December 2014.

     

    Singh said, “Snapdeal has been consistently focused on delivering a superlative customer experience and the progress that the company has made in this regard is unprecedented. It is exciting to see a young company like Snapdeal launch innovative supply chain solutions and set new benchmarks in this space. I look forward to working with the dynamic team at Snapdeal.”

     

    Snapdeal co-founder Rohit Bansal added, “Supply Chain Management and Logistics form the back bone of the ecommerce industry. Our aim is to create a delightful experience for our customers and as the customers evolve, we need to constantly innovate and develop newer solutions to service them better. Hardeep comes with many, many years of rich experience in diverse and complex aspects of SCM. He will help us lay out the road map for our future supply chain management systems.”