Aditya Birla Fashion and Retail Limited ABFRL reports increased net loss and revenue in September quarter

Aditya Birla Fashion and Retail Limited saw its net loss increase to Rs 214.7 crore in the September 2024 quarter compared to a loss of Rs 200.34 crore a year prior. The business also saw its revenue from operations rise during the quarter.

“Consolidated net profit was impacted on account of higher depreciation/ amortisation for brand and retail assets due to the inclusion of TCNS [clothing company] and higher interest costs on account of elevated borrowings,” said Aditya Birla Fashion and Retail Limited in its earnings statement, the Press Trust of India reported.
 
Aditya Birla Fashion and Retail Limited’s revenue from operations totalled Rs 3,643.86 crore during the September quarter this year, ET Bureau reported. The business’ revenue had come in at the lower total of Rs 3,226.44 during the same period a year ago. The September quarter also saw the business report expenses of Rs 3,993.56 crore.
 
“Businesses achieved consistent growth this quarter, despite a subdued consumption environment, driven by sustained focus on driving product enhancements, elevated customer experiences, and brand refresh,” said the Mumbai headquartered business. “While ABLBL [Aditya Birla Lifestyle Brands Limited] reported sustained margins, the demerged ABFRL posted a sharp recovery in margins across its constituent businesses.”