Latest news with #ABFRL
Mint
a day ago
- Business
- Mint
Aditya Birla firm for young fashion TMRW raises ₹437 cr for tech boost
Aditya Birla Group's house of brands venture TMRW has raised external capital of ₹ 437 crore from ServiceNow Ventures, the investment arm of artificial intelligence and automation software provider ServiceNow, to strengthen its tech platform. The funding is expected to help the fashion retailer improve its customer experience across channels. Launched in 2022, TMRW's portfolio includes Bewakoof, Virat Kohli's Wrogn, The Indian Garage Co. and Nobero, that cater to millennial and Gen Z audiences. In a statement on Wednesday, the firm said it is looking to use artificial intelligence (AI) to improve consumer insight as well as brand differentiation. 'ServiceNow's agentic AI capabilities will augment our playbook for value creation, enabling us to leapfrog traditional fashion-industry value drivers and deliver next-gen consumer experiences to millions of consumers,' Prashanth Aluru, co-founder and chief executive of TMRW, said. Aditya Birla Fashion and Retail Ltd (ABFRL)'s losses in the June quarter widened to ₹ 233.7 crore from ₹ 214.9 crore a year ago. Its revenue from operations grew marginally to ₹ 1,831.4 crore during the quarter. TMRW's topline grew nearly 38% to ₹ 197 crore in the quarter, helped by higher margins in the segment along with e-commerce sales growing by 28%. The firm expanded its offline presence to reach 25 stores across 9 cities in April-June. However, the segment remained in the red with an earnings before interest, taxes, depreciation, and amortization (Ebitda) loss of ₹ 63 crore, against a loss of ₹ 46 crore last year. ABFRL had earlier said it will spend as much as ₹ 500 crore in FY26 to revive its loss-making businesses, including TCNS Clothing and TMRW Brands. 'For the next 12 months, leveraging its strong caseloads, ABLBL (Aditya Birla Lifestyle Brands Ltd) is set to embark on a historic expansion, with an aggressive retail rollout across its brand portfolios, heading over net 300 stores across the country to accelerate growth and deepen market presence,' Jagdish Bajaj, chief financial officer (CFO) of ABFRL, had told investors in May. In January, the company raised $500 million (~ ₹ 4,300 crore) through a combination of preferential issuance and qualified institutional placement (QIP) of equity shares from the promoter group and Fidelity Investments. This was aimed at achieving 'aggressive growth across its multiple high-growth platforms,' according to the company. 'Our industry scenario during the quarter continues to see strong macro-admin with sustained impact on consumer discretionary consumption,' the CFO had said. In May, the company completed the demerger of ABLBL as a separate entity. ABLBL operates brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter.
Mint
a day ago
- Business
- Mint
Aditya Birla firm for young fashion TMRW raises ₹437 cr for tech boost
Aditya Birla Group's house of brands venture TMRW has raised external capital of ₹ 437 crore from ServiceNow Ventures, the investment arm of artificial intelligence and automation software provider ServiceNow, to strengthen its tech platform. The funding is expected to help the fashion retailer improve its customer experience across channels. Launched in 2022, TMRW's portfolio includes Bewakoof, Virat Kohli's Wrogn, The Indian Garage Co. and Nobero, that cater to millennial and Gen Z audiences. In a statement on Wednesday, the firm said it is looking to use artificial intelligence (AI) to improve consumer insight as well as brand differentiation. 'ServiceNow's agentic AI capabilities will augment our playbook for value creation, enabling us to leapfrog traditional fashion-industry value drivers and deliver next-gen consumer experiences to millions of consumers,' Prashanth Aluru, co-founder and chief executive of TMRW, said. Aditya Birla Fashion and Retail Ltd (ABFRL)'s losses in the June quarter widened to ₹ 233.7 crore from ₹ 214.9 crore a year ago. Its revenue from operations grew marginally to ₹ 1,831.4 crore during the quarter. TMRW's topline grew nearly 38% to ₹ 197 crore in the quarter, helped by higher margins in the segment along with e-commerce sales growing by 28%. The firm expanded its offline presence to reach 25 stores across 9 cities in April-June. However, the segment remained in the red with an earnings before interest, taxes, depreciation, and amortization (Ebitda) loss of ₹ 63 crore, against a loss of ₹ 46 crore last year. ABFRL had earlier said it will spend as much as ₹ 500 crore in FY26 to revive its loss-making businesses, including TCNS Clothing and TMRW Brands. 'For the next 12 months, leveraging its strong caseloads, ABLBL (Aditya Birla Lifestyle Brands Ltd) is set to embark on a historic expansion, with an aggressive retail rollout across its brand portfolios, heading over net 300 stores across the country to accelerate growth and deepen market presence,' Jagdish Bajaj, chief financial officer (CFO) of ABFRL, had told investors in May. In January, the company raised $500 million (~ ₹ 4,300 crore) through a combination of preferential issuance and qualified institutional placement (QIP) of equity shares from the promoter group and Fidelity Investments. This was aimed at achieving 'aggressive growth across its multiple high-growth platforms,' according to the company. 'Our industry scenario during the quarter continues to see strong macro-admin with sustained impact on consumer discretionary consumption,' the CFO had said.
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Business Standard
2 days ago
- Business
- Business Standard
ABFRL Q1 results: Net loss widens to ₹234 crore despite revenue rise
Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday reported widening of consolidated net loss at ₹ 233.73 crore for June quarter FY26. The company had posted a loss of ₹ 214.92 crore during April-June quarter a year ago, according to a regulatory filing from ABFRL. Revenue from operations was at ₹ 1,831.46 during the quarter as compared with ₹ 1,674.22 crore a year ago. Revenue from 'Pantaloons' was at ₹ 1,094.13 crore as against ₹ 1,101.38 crore a year ago. Revenue from 'Ethnic and Others' segment was down to ₹ 754.57 crore in the first quarter. Total expenses were at ₹ 2,148.75 crore in April-June FY26. In the quarter, ABFRL completed the demerger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Limited (ABLBL). ABLBL will have its lifestyle brands business as - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brands as American Eagle. It also has sportswear brand Reebok business, for which it has a long-term licensing for India market. ABFRL has its retail business under Pantaloons and Style Up along with a host of ethnic brands such as designer-led brands of Sabyasachi, Shantnu & Nikhil, House of Masaba and Tarun Tahiliani. It also has premium ethnic wear brands of Jaypore, Tasva & TCNS portfolio. Shares of ABFRL on Wednesday settled at ₹ 9.60 apiece on the BSE, up 18.52 per cent.
News18
2 days ago
- Business
- News18
ABFRL Q1 net loss widens to Rs 234 cr
Agency: PTI Last Updated: New Delhi, Aug 13 (PTI) Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday reported widening of consolidated net loss at Rs 233.73 crore for June quarter FY26. The company had posted a loss of Rs 214.92 crore during April-June quarter a year ago, according to a regulatory filing from ABFRL. Revenue from operations was at Rs 1,831.46 during the quarter as compared with Rs 1,674.22 crore a year ago. Revenue from 'Pantaloons' was at Rs 1,094.13 crore as against Rs 1,101.38 crore a year ago. Revenue from 'Ethnic and Others' segment was down to Rs 754.57 crore in the first quarter. Total expenses were at Rs 2,148.75 crore in April-June FY26. In the quarter, ABFRL completed the demerger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Limited (ABLBL). ABLBL will have its lifestyle brands business as – Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brands as American Eagle. It also has sportswear brand Reebok business, for which it has a long-term licensing for India market. ABFRL has its retail business under Pantaloons and Style Up along with a host of ethnic brands such as designer-led brands of Sabyasachi, Shantnu & Nikhil, House of Masaba and Tarun Tahiliani. It also has premium ethnic wear brands of Jaypore, Tasva & TCNS portfolio. Shares of ABFRL on Wednesday settled at Rs 9.60 apiece on the BSE, up 18.52 per cent. PTI KRH KRH ANU ANU (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
23-07-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 23 July 2025
Buy or sell stocks: The Nifty 50 and Sensex fluctuated between gains and losses throughout Tuesday's session on July 22, as investors adopted a cautious stance. With no strong directional cues, the benchmark indices paused for breath, while notable movement was seen in individual stocks. The Nifty ended the day down 29 points, or 0.12%, at 25,060.90. Market participants remained focused on developments related to the India-US trade agreement. All sectoral indices closed in the red, with IT, auto, PSU banks, pharma, media, and realty falling between 0.4% and 2%. Broader markets also witnessed weakness — the Nifty Midcap 100 declined by 0.6%, while the Nifty Smallcap index performed slightly better, slipping 0.3%. Meanwhile, market fear and volatility continued to ease, as reflected in a 3.5% drop in the India VIX to 10.75. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is positive. The Nifty 50 index has sustained above the psychological 25,000 levels after bouncing back from the 50-DEMA support of 24,900. However, the Prabhudas Lilladher expert maintained that the key benchmark index is facing a hurdle of 24,250 and predicted more upside once the 50-stock index breaks above 25,250 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed consolidation near the 25,100 zone, maintaining above the important 25,000 zone with bias overall remaining intact. One can expect a revival in the coming sessions. As mentioned earlier, the index would have the near-term resistance at the 25,250 zone, which needs to be breached decisively to improve the bias further and retest the 25,650 level to strengthen the trend. The 24,900 zone shall remain as the major and crucial support for the index, which needs to be sustained as of now." "The Bank Nifty index, after opening on a positive note, fizzled out resisting near the 57,200 zone and with profit booking seen witnessed a gradual slide to end near the 56,700 zone with bias maintained intact, having the strong support near the 56,000 level, which has been sustained as of now. On the upside, the index would need to breach above the resistance zone of 57,600 level, as we have been mentioning, and thereafter, can expect fresh higher targets of 58,500 and 60,000 levels in the coming days," said Parekh. "The support for the day is seen at 24,900, while the resistance is seen at 25,300. The Bank Nifty would have the daily range of 56,200-57,300," Vaishali Parekh of Prabhudas Lilladher concluded. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: ABFRL, Exide Industries, and Nykaa. 1] ABFRL: Buy at ₹ 76, Target ₹ 80, Stop Loss ₹ 74; 2] Exide Industries: Buy at ₹ 393, Target ₹ 405, Stop Loss ₹ 388; and 3] Nykaa: Buy at ₹ 220, Target ₹ 228, Stop Loss ₹ 215. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
