Revenue from operations at ₹3,075 crore rose 50% year-on-year and was 33% more than pre-COVID levels
Revenue from operations at ₹3,075 crore rose 50% year-on-year and was 33% more than pre-COVID levels
Aditya Birla Fashion and Retail Ltd.’s (ABFRL) consolidated second-quarter net profit surged almost sixfold to ₹29 crore from ₹5 crore a year earlier.
Revenue from operations at ₹3,075 crore rose 50% year-on-year and was 33% more than pre-COVID levels.
“Robust like-to-like and consistent e-commerce performance have been the key drivers of growth in the quarter,” the company said in a filing.
. E-commerce sales grew 24% YoY across the portfolio.
The company closed the quarter with a net debt of ₹243 crore at consolidated level against ₹504 crore at the end of FY22.
On the outlook, the company said,” Driven by a buoyant demand outlook and an encouraging start to the festive season, ABFRL remains optimistic about the overall consumption of fashion products for the rest of the year.”
