Latest news with #AdityaBirlaFashionandRetailLtd
Mint
16 hours ago
- Business
- Mint
Aditya Birla Fashion shares sink 9% amid reports of Flipkart stake sale via block deal
Shares of Aditya Birla Fashion and Retail Ltd (ABFRL) tumbled sharply on June 4, 2025, after reports emerged that Flipkart may offload a significant portion of its stake in the company through a block deal valued at ₹ 600 crore. The retail major's stock dropped as much as 8.9 percent intraday to touch a low of ₹ 78.30 on the BSE, nearing its 52-week low of ₹ 77.25 recorded in March 2025. This sell-off was triggered by reports suggesting that Flipkart Investments Private Ltd, a subsidiary of e-commerce giant Flipkart, is looking to exit approximately 6 percent of its holding in ABFRL through a clean-out block trade. Goldman Sachs is reportedly acting as the investment banker facilitating the transaction. According to sources familiar with the matter, the floor price for the deal has been set at ₹ 79.5 per share—marking a 7.6 percent discount to the previous closing price. The estimated size of the block deal stands at about $68 million (approximately ₹ 600 crore). The timing of Flipkart's stake sale has caught investor attention, especially given ABFRL's ongoing efforts to turn around its financials. In its March quarter (Q4FY25) earnings, ABFRL reported a narrowed consolidated net loss of ₹ 23.55 crore, a significant improvement from a loss of ₹ 266.36 crore in the same period last year. The company's revenue from operations grew to ₹ 1,719.48 crore, up from ₹ 1,575.12 crore a year ago. Total expenses for the quarter stood at ₹ 1,959.53 crore. However, ABFRL noted that the Q4 results are not fully comparable year-on-year due to the demerger of its Madura Fashion & Lifestyle business. Despite these challenges, ABFRL remains a prominent player in the Indian retail landscape, housing an array of marquee brands across various segments. These include mass-market labels like Pantaloons, premium and ethnic fashion under TCNS Clothing, designer lines such as Sabyasachi and Tarun Tahiliani, and international luxury formats like The Collective and the soon-to-be-launched Galeries Lafayette. Looking ahead, the company's management is eyeing a revenue compound annual growth rate (CAGR) of 20 percent between FY25 and FY30. It also aims to deliver a positive EBITDA margin of 7 percent by FY30, a significant shift from current negative margins. ABFRL's stock has seen considerable volatility in recent months. After posting modest gains of 5.8 percent and 2.8 percent in March and April 2025 respectively, the stock fell 10.6 percent in May. Over the past year, the scrip has lost more than 19 percent. The current price movement places it close to its 52-week low, well below the 52-week high of ₹ 121.74 hit in September 2024. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Fashion Network
2 days ago
- Business
- Fashion Network
Jaypore launches 33rd India store in Chandigarh
Aditya Birla Fashion and Retail Ltd's artisanal lifestyle brand Jaypore has launched its 33rd exclusive brand outlet in India, marking its entry into the Chandigarh market. The new store is located in Sector 7C, a key retail destination in the city. "Punjab, we've arrived- with craft in our hands and gratitude in our hearts," announced Jaypore on Facebook. "Every motif holds memory, every weave carries the voice of a Karigar who learned from the ones before. Beyond these doors lies not a store, but a sanctum of skill, where heritage whispers and Karigari live on. Which story will you take back with you? Come discover yours." With this opening, Jaypore brings its curated selection of handcrafted apparel, silver jewellery, home décor, and accessories to Chandigarh's shoppers. The brand's collections are rooted in Indian craft traditions and highlight techniques such as Chikankari, Ajrakh, Ikat, and Jamdani, reimagined for modern consumers, according to its website. Jaypore's store design is conceptualised to reflect its ethos of culturally grounded elegance, providing a retail experience that blends heritage with contemporary appeal. The brand collaborates with over 70 craft clusters across the country, supporting artisans while offering customers a diverse selection of designs, In Fashion Business reported. The Chandigarh store is part of Jaypore's ongoing national expansion and reinforces its commitment to showcasing India's craft legacy through retail. As Jaypore continues to grow its offline footprint, the business announced that it seeks to connect a wider audience with India's artisanal traditions.
Time of India
26-05-2025
- Business
- Time of India
ABFRL Q4 net loss at Rs 23.55 cr; revenue rises Rs 1,719.48 crore
HighlightsAditya Birla Fashion and Retail Limited reported a consolidated net loss of Rs 23.55 crore for the fourth quarter ended March 2025, a significant improvement from a net loss of Rs 266.36 crore in the same quarter the previous year. The company's revenue from operations increased to Rs 1,719.48 crore in the fourth quarter, up from Rs 1,575.12 crore in the year-ago period. For the financial year ending March 2025, Aditya Birla Fashion and Retail Limited recorded a net loss of Rs 455.82 crore, while total revenue from operations reached Rs 7,354.73 crore. Aditya Birla Fashion and Retail Ltd on Friday said its consolidated net loss narrowed to Rs 23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of Rs 266.36 crore during the January-March quarter a year ago, according a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations rose to Rs 1,719.48 during the quarter under review. It was at Rs 1,575.12 crore in the year-ago period. Total expenses of ABFRL were at Rs 1,959.53 crore in the March quarter. According to ABFRL, its results are not comparable due to demerger of Madura Fashion & Lifestyle Business . "Pursuant to the demerger, the balances of assets and liabilities relating to MFL business has been transferred to the resulting company. Accordingly, the balance sheet as at March 31, 2025 is not comparable with the balance sheet as at March 31, 2024," it said. Its revenue from Pantaloons was at Rs 884.60 crore and Rs 846.99 crore from Ethnic and others. In the financial year ended March 2025, ABFRL's net loss was at Rs 455.82 crore. In FY25, the revenue from operation was at Rs 7,354.73 crore. Stock of Adltya Birla Fashion and Retail Ltd on Friday settled at Rs 88.50, down 1.50 per cent from previous close.
Business Mayor
24-05-2025
- Business
- Business Mayor
ABFRL Q4 net loss at Rs 23.55 cr; revenue rises Rs 1,719.48 crore
New Delhi: Aditya Birla Fashion and Retail Ltd on Friday said its consolidated net loss narrowed to Rs 23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of Rs 266.36 crore during the January-March quarter a year ago, according a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations rose to Rs 1,719.48 during the quarter under review. It was at Rs 1,575.12 crore in the year-ago period. Total expenses of ABFRL were at Rs 1,959.53 crore in the March quarter. According to ABFRL, its results are not comparable due to demerger of Madura Fashion & Lifestyle Business. 'Pursuant to the demerger, the balances of assets and liabilities relating to MFL business has been transferred to the resulting company. Accordingly, the balance sheet as at March 31, 2025 is not comparable with the balance sheet as at March 31, 2024,' it said. Its revenue from Pantaloons was at Rs 884.60 crore and Rs 846.99 crore from Ethnic and others. In the financial year ended March 2025, ABFRL's net loss was at Rs 455.82 crore. In FY25, the revenue from operation was at Rs 7,354.73 crore. Stock of Adltya Birla Fashion and Retail Ltd on Friday settled at Rs 88.50, down 1.50 per cent from previous close. READ SOURCE
Time of India
24-05-2025
- Business
- Time of India
ABFRL Q4 net loss at Rs 23.55 cr; revenue rises Rs 1,719.48 crore
New Delhi: Aditya Birla Fashion and Retail Ltd on Friday said its consolidated net loss narrowed to Rs 23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of Rs 266.36 crore during the January-March quarter a year ago, according a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations rose to Rs 1,719.48 during the quarter under review. It was at Rs 1,575.12 crore in the year-ago period. Total expenses of ABFRL were at Rs 1,959.53 crore in the March quarter. According to ABFRL, its results are not comparable due to demerger of Madura Fashion & Lifestyle Business. "Pursuant to the demerger, the balances of assets and liabilities relating to MFL business has been transferred to the resulting company. Accordingly, the balance sheet as at March 31, 2025 is not comparable with the balance sheet as at March 31, 2024," it said. Its revenue from Pantaloons was at Rs 884.60 crore and Rs 846.99 crore from Ethnic and others. In the financial year ended March 2025, ABFRL's net loss was at Rs 455.82 crore. In FY25, the revenue from operation was at Rs 7,354.73 crore. Stock of Adltya Birla Fashion and Retail Ltd on Friday settled at Rs 88.50, down 1.50 per cent from previous close.
