Aditya Birla Fashion and Retail Ltd (ABFRL) reported a net loss of ₹51.3 crore for the third quarter of FY24, narrowing from a loss of ₹77.9 crore in the same period last year, as revenue and profitability improved.
The company’s revenue from operations grew 3.3% year-on-year to ₹4,304.7 crore, compared to ₹4,166.7 crore in Q3 FY23, driven by steady demand across its portfolio of brands.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 14.8% to ₹635 crore from ₹553.2 crore a year ago, reflecting stronger operational performance.
EBITDA margin expanded to 14.8% from 13.3% in the previous year, indicating improved cost efficiencies.
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ABFRL, which owns brands like Louis Philippe, Van Heusen, and Pantaloons, has been focusing on expanding its premium and digital-first offerings to drive growth.
Ahead of the earnings announcement, ABFRL shares closed at ₹247.55 on the BSE, down 4.46% from the previous session.
