Aditya Birla Fashion Q4 Review -
Protracted Lockdowns To Impact Business Growth Drivers: Systematix

Aditya Birla Fashion’s Pantaloons store. (Photographer: Graham Crouch/Bloomberg).

Aditya Birla Fashion Q4 Review - Protracted Lockdowns To Impact Business Growth Drivers: Systematix

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.

Systematix Research Report

Aditya Birla Fashion and Retail Ltd. continued the strong recovery trend driven by better sales in small towns and cities and best-ever e-commerce growth.

Q4 FY21 witnessed ~100% recovery in sales to Rs 18.2 billion (marginally below our estimate of Rs 18.8 billion).

However, the second wave of the pandemic towards the end of the quarter has impacted customer footfalls and decelerated the growth momentum.

Lifestyle business recovered to 94% while Pantaloons business achieved 95% of last year sales.

Other businesses grew 36% YoY on a 56% growth in the innerwear segment.

New store additions led to a 165% growth in the ethnic segment.

Click on the attachment to read the full report:

Systematix ABFRL - Q4FY21 Result Update.pdf

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