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Aditya Birla Fashion and Retail has reported yet another outstanding quarterly performance. The company posted its highest-ever quarterly sales in Q1FY23 at Rs. 2875 Cr, up 254% YoY. EBITDA jumped 51% over pre-COVID levels to Rs.500 Cr. A sharp recovery in demand across categories and strong preference for our portfolio of brands led to a robust quarterly performance. Aggressive store expansion, accelerated E-commerce and omni-channel play have been key drivers of growth in the quarter.
The key highlights of the quarterly performance are as follows:
- EBITDA Margin expanded by 130 bps over pre-COVID levels to reach 17.4% in Q1 FY23
- Ecommerce sales grew 56% YoY
- Omni-channel network has been expanded to more than 1600 stores, and is one of the largest in the country.
- Lifestyle brands – Revenue grew 51% over pre-COVID levels to Rs. 1519 Cr., while EBITDA grew 40% to Rs. 266 Cr., on the back of retail L2L growth and aggressive expansion of retail stores.
- Pantaloons – Business achieved highest-ever Q1 revenues of Rs.1027 Cr, while EBITDA grew 33% over pre-COVID levels.
The table below captures the financial performance at a glance. The detailed press release is also attached for your reference.
Consolidated Financials – Q1
|
In Rs. Cr. |
Q1 FY20 |
Q1 FY22 |
Q1 FY23 |
Growth % (vs. LY) |
Growth % (vs. Q1 FY20) |
|
Revenue |
2065 |
812 |
2875 |
254% |
39% |
|
EBITDA |
332 |
-145 |
500 |
|
51% |
|
PAT |
22 |
-352 |
94 |
|
338% |
|
|
