Latest news with #AdityaBirlaLifestyleBrands
Time of India
an hour ago
- Business
- Time of India
Aditya Birla Lifestyle aims to double revenues in 5 years, invest Rs 300 cr per annum
The newly-listed Aditya Birla Lifestyle Brands (ABLBL) on Monday said it will invest Rs 300 crore every year with an aim to double its revenue in the next five years. The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here. Group chairman Kumar Mangalam Birla said, "India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver." Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost of Dental Implants in Your City Might Surprise You! Dental implant | Search Ads Learn More Undo ABLBL had a revenue of Rs 7,830 crore in FY25, an operating profit margin of 15 per cent and a net profit of Rs 60 crore. Kumar Mangalam Birla said the company aspires to build India's first portfolio of billion-dollar brands in the fashion and lifestyle segment . It sells brands like Peter England, Allen Solly, Van Heusen and Louis Philippe. Live Events Dikshit said two of the company's brands clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year. "Over the next five years, we aim to more than double our scale and more than triple our cash profits. This growth will be strategic, disciplined and powered by strong cash flows," he said, adding that it targets to double in revenues as well. Dikshit said the last two years have been difficult for the industry, adding it was cyclic and the company has seen many such turns in the last 25 years of its existence. On the investments front, he said the company has a capex plan of Rs 300 crore per year. "A large part of it is going through the expansion of the retail network, a small part towards the internal capabilities and technology," Dikshit said. It is aiming for a three-fold jump in the profitability over the next 3-5 year period, he said. The company does not have any immediate plans for acquisitions at present, Dikshit said, pointing out that the Reebok brand and Van Heusen's innerwear can be major growth drivers going ahead. Shares of Aditya Birla Lifestyle Brands Ltd (ABLBL) made its market debut on Monday post demerger. The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent. The company's market valuation stood at Rs 19,451.50 crore.
Mint
9 hours ago
- Business
- Mint
Aditya Birla Lifestyle Brands share price falls 4% after listing. Do you own?
Aditya Birla Lifestyle Brands share price fell over 4 per cent on Monday, June 23 after listing on both NSE and BSE. The stock touched an intraday low to ₹ 159.15 amid stock market crash due to ongoing Israel-Iran war. Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) were listed on June 23 at ₹ 167 per share on the NSE and ₹ 167.75 on the BSE, after being demerged from Aditya Birla Fashion and Retail Limited (ABFRL). The stock's discovered price stood at ₹ 171 per share. The BSE has announced that the stock will be moved to the T Group of Securities and will trade under the Trade-for-Trade segment for a period of 10 trading days. As part of the arrangement, Aditya Birla Fashion and Retail Ltd (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) division, transferring it to Aditya Birla Lifestyle Brands. Shareholders holding ABFRL shares as of the market close on May 21 will be entitled to receive shares of the newly demerged entity. Shareholders of Aditya Birla Fashion will receive one share of the newly formed company, Aditya Birla Lifestyle Brands Ltd., for each share they hold on the record date. This new entity will include the western wear legacy brands along with growth-focused labels such as Reebok, American Eagle, and Van Heusen innerwear. It will also encompass popular names like Louis Philippe, Van Heusen, Allen Solly, and Peter England. Meanwhile, Aditya Birla Fashion and Retail will retain brands like Pantaloons, the ethnic wear segment under TCNS Clothing, premium designer labels such as Sabyasachi, Tarun Tahiliani, Masaba, and Shantanu-Nikhil, as well as premium offerings like Tasva and Jaypore, and luxury retail brand The Collective. 'This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver. ABLBL's foundation is built on enduring strengths that set it apart in a competitive market. Our ambition is clear. To build India's first portfolio of billion-dollar brands in fashion and lifestyle," said Kumar Mangalam Birla, Chairman, Aditya Birla Group. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
9 hours ago
- Business
- Business Standard
Aditya Birla Lifestyle Brands lists on stock exchanges
Shares of Aditya Birla Lifestyle Brands (ABLB) were listed on the BSE and NSE today, 23 June 2025, following its demerger from Aditya Birla Fashion & Retail (ABFRL). The stock listed at Rs 167 on the NSE, lower than the discovered price of Rs 170.95, and at Rs 167.75 on the BSE, versus a discovered price of Rs 172.15. Aditya Birla Lifestyle Brands successfully listed on BSE and NSE early this morning, completing the demerger of Aditya Birla Groups fashion business into two independent listed entities with distinct value creation trajectories. Under the scheme of arrangement, Aditya Birla Fashion & retail (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle Brands. Shareholders of ABFRL will receive one share of Aditya Birla Lifestyle Brands for every share held in ABFRL as of the record date. ABLBL is now poised to operate with greater agility, a sharper strategic focus, and more disciplined capital allocation. The company houses a powerful portfolio of brands including - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brand - American Eagle, Additionally, the Reebok sportswear brand and the innerwear business under Van Heusen will also be part of the demerged entity. The company said that with this diverse portfolio of strong brands and access to free cash flow, the business is poised to pursue an aggressive growth trajectory. It is expected to double in scale with improved profitability over the next five years, reinforcing its position as one of the largest branded fashion players in the country. Kumar Mangalam Birla, chairman, Aditya Birla Group said This moment marks both a recognition of the progress we have made and a clear signal of the scale of opportunity that lies ahead. India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver. ABLBLs foundation is built on enduring strengths that set it apart in a competitive market. Our ambition is clear. To build Indias first portfolio of billion-dollar brands in fashion and lifestyle. Ashish Dikshit, managing director, Aditya Birla Lifestyle Brands, said, As ABLBL embarks on this new chapter as a listed company, we do so with humility, a deep sense of responsibility, and unwavering confidence in our vision. On behalf of the entire ABLBL team, I extend heartfelt gratitude to our partners, investors and all our stakeholders for their enduring trust and support. We are energized by the opportunities ahead and look forward to building, together, Indias next generation of iconic brands. Aditya Birla Lifestyle Brands (ABLBL) is part of a leading Indian conglomerate, Aditya Birla Group. ABLBL is a leading force in fashion, curating a distinguished portfolio of premium western wear brands. It has a repertoire of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. The company has also partnered with leading brands like Simon Carter, American Eagle and Reebok to strengthen its portfolio.
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Business Standard
22-05-2025
- Business
- Business Standard
Why did ABFRL share price crash 67% to ₹88 from ₹269 in trade today?
ABFRL share price: Aditya Birla Fashion and Retail (ABFRL) stock price slumped from ₹269.15 per share to ₹88.8, crashing 67 per cent in trade on Thursday, to its 52-week low on BSE. The scrip tanked on the ex-demerger date of Madura Fashion and Lifestyle (MFL) into a separate listed entity. The ex-demerger date is the date on which a stock starts trading without the value of the demerged entity. "We wish to inform you that, in accordance with the terms of the Scheme, Thursday, May 22, 2025 has been fixed as the "Record Date' for the purpose of ascertaining the equity shareholders of the Company who will be entitled to be issued equity shares of Aditya Birla Lifestyle Brands pursuant to the Scheme. The filing further informed that according to the approved scheme, shareholders of the company will receive 1 fully paid-up share of Aditya Birla Lifestyle Brands (face value ₹10) for every 1 fully paid-up share of Aditya Birla Fashion and Retail (face value ₹10) they hold as of the record date. At 11:40 AM, ABFRL shares were down 5.21 per cent at ₹91.95 per share on the BSE. In comparison, the BSE Sensex was down 1.01 per cent at 80,775.13. The market capitalisation of the company stood at ₹11,195.95 crore. The 52-week high of the stock was at ₹364.5 per share and the 52-week low of the stock was at ₹88.8 per share. ABFRL demerger details: Last year, ABFL's board approved the demerger of Madura Fashion and Lifestyle (MFL) division into a separate company named Aditya Birla Lifestyle Brands. The MFL business includes four lifestyle brands-- Louis Phillippe, Van Heusen, Allen Solly and Peter England along with casual wear brands-- American Eagle and Forever 21, sports wear brand Reebok and the innerwear business under the Van Heusen brand. Second, the demerger will result in better and more efficient control and management for the segregated businesses, operational rationalisation, organisation efficiency and optimum utilisation of various resources. About ABFRL Maharatna ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 per cent of Indian domestic production. It has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.
