Aditya Birla Fashion Acquires 51% Stake In Sabyasachi Couture: Motilal Oswal
People walk past a Pantaloons department store, at Ambience Mall in New Delhi, India. (Photographer Graham CrouchBloomberg)

Aditya Birla Fashion Acquires 51% Stake In Sabyasachi Couture: Motilal Oswal

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Motilal Oswal Report

Aditya Birla Fashion and Retail Ltd. acquired 51% stake in Sabyasachi Couture for Rs 4 billion.

Of this, about Rs 1 billion would be through the primary route, while the rest would be via the secondary market.

The deal values Sabyasachi at an enterprise value of Rs 7.8 billion, with FY20 EV/sales of 2.8 times and EV/Ebitda of 15 times.

The ‘Sabyasachi’ brand is engaged in luxury designer apparel and accessories. With a revenue of Rs 2.7 billion (9% compound annual growth rate over FY18-20) and 20% Ebitda margin, it constitutes a mere 3% of the company’s overall revenue.

Click on the attachment to read the full report:

Motilal Oswal Aditya Birla Fashion Company Update.pdf


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