BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The year FY21, which proved to be a tumultuous year for the apparel business, impacted Aditya Birla Fashion and Retail Ltd. even more adversely – high leverage and squeezed working capital led to a strain on liquidity.
This was well responded with equity infusion and unwinding of working capital as market recovered.
Overall revenues declined 40% to Rs 52.5 billion, dragging down Ebitda by 54% to Rs 5.5 billion.
Aditya Birla Fashion’s prompt cost management led to overall decline of 36% in operating cost, excluding raw material.
The Lifestyle brands / Pantaloons segment saw 41%/47% revenue decline to Rs 27.5 billion/Rs 18.6 billion, and Ebitda fell 57%/51% to Rs 3.4 billion/Rs 2.7 billion.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.