Aditya Birla Fashion and Retail net profit at Rs30cr in Q2

For the first half of this fiscal, the Company recorded sales growth of 11% at Rs4,363cr.

Nov 13, 2019 05:11 IST India Infoline News Service

Aditya Birla Fashion
In Q2FY20, Aditya Birla Fashion and Retail posted a strong 14% growth in sales to Rs2,297cr. This was accompanied by a robust 10% growth in EBITDA to Rs177cr this year, on a comparable basis.

At the same time, reported EBITDA (post-Ind AS 116) for the quarter was at Rs362cr. The comparable Net profit for Q2FY20 is Rs30cr.

For the first half of this fiscal, the Company recorded sales growth of 11% at Rs4,363cr. The comparable EBITDA for the period grew by 18% to Rs334cr with margins expanding from 7.2% in H1FY19 to 7.6% in H1FY20. During the period, the Company posted a 132% increase in its comparable PBT at Rs112cr from Rs48cr last year. The comparable net profit for the period is Rs70cr.

Aditya Birla Fashion and Retail Ltd. operates a well-diversified portfolio of very strong brands spread across varied segments, price points and wearing occasions. The Company is confident of continuing its market-leading performance on the back of wide distribution network, high-quality talent and credible leadership team.

Stock view:
Aditya Birla Fashion & Retail Ltd is currently trading at Rs207.25, up by Rs5.65 or 2.8% from its previous closing of Rs201.60 on the BSE.

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