Aditya Birla Fashion Envisaging Strong Sales Growth, Margin Expansion - Analyst Meet Highlights: ICICI Direct
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ICICI Direct Report
At the recently held virtual Aditya Birla Fashion and Retail Ltd.’s analyst meet, the company embarked on a five-year growth strategy plan with key emphasis on generating healthy free cash flow across business formats (cumulative FCF worth approximately Rs 1000 crore in FY22- 26E) and return on capital employed of ~25% by FY26E.
The company has charted out growth strategies to become a ~$2.8 billion entity (Rs 21000 crore) by FY26E, translating to 15% compound annual growth rate in FY20-26E.
It is betting big on the ethnic play (through latest acquisitions) with the category expected to grow at a fast rate (from Rs 50 crore in FY20 to Rs 2000 crore by FY26E).
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