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Systematix Research Report
Aditya Birla Fashion and Retail Ltd.’s revenues grew 151% YoY (above our estimate of 105%) to Rs 8.1 billion in Q1 FY22.
The recovery was swifter compared to the first wave, driven by a higher number of operational days and continued robust growth in the e-commerce channel.
Despite the loss of operations for a month in Q1 FY22, Aditya Birla Fashion's sales recovered to ~40% of the pre-Covid-19 base of Q1 FY20.
As of July 26, 2021, 2,150 stores (~65% of the total retail network) had resumed partial operations.
Lifestyle and Pantaloons revenues more than doubled over last year.
'Others’ business grew 155% YoY led by ~two times growth in the innerwear segment.
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