Aditya Birla Fashion Q4 Review - Better Placed Owing To Strengthened Balance Sheet: ICICI Direct

A customer browses merchandise at a Pantaloons department store, operated by Pantaloon Retail India Ltd., at Ambience Mall in New Delhi. (Photographer: Graham Crouch/Bloomberg).

Aditya Birla Fashion Q4 Review - Better Placed Owing To Strengthened Balance Sheet: ICICI Direct

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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.

ICICI Direct Report

Aditya Birla Fashion and Retail Ltd. witnessed a healthy recovery in the most of Q4 FY21 on the back of pent-up demand.

However a resurgence of the second wave of Covid-19 in the later part of March 2021 negatively impacted customer footfalls and decelerated the pace of growth.

Revenue for Q4 FY21 (standalone) de-grew marginally by 1.9% YoY to Rs 1783.6 crore.

Adjusting for the base effect, recovery rate was at ~85% in Q4 FY21.

Better product mix and tighter markdown management led gross margins to improve ~200 basis points YoY to 53.3%.

Click on the attachment to read the full report:

ICICI Direct Aditya Birla Fashion Q4FY21 Result Update.pdf

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