India's ABFRL's revenue soars 13% in FY24

In the fourth quarter of FY24, Aditya Birla Fashion and Retail demonstrated resilience with an 18 per cent YoY revenue growth, reaching ₹34.07 billion. This growth comes despite a muted market characterised by prolonged sluggish consumption in the discretionary space. The consolidated EBITDA for Q4 was ₹3.77 billion, up a remarkable 63 per cent YoY, the company said in a press release.

The lifestyle brands segment reported a 2 per cent YoY growth, achieving revenue of ₹15.64 billion. The EBITDA for this business rose by 36 per cent YoY to ₹3.05 billion, driven by improved gross margins and tighter cost controls, with an EBITDA margin of 19.5 per cent, up 480 basis points from last year.

The American Eagle brand continued its strong performance with a 27 per cent sales growth for the quarter. Furthermore, the innerwear and athleisure segment posted flat revenue growth YoY in Q4, affected by a sustained decline in the athleisure segment. The innerwear category grew by 12 per cent during the quarter.

The Reebok brand reported a significant 29 per cent growth in sales for Q4. The Pantaloons segment achieved quarterly sales of ₹8.95 billion, representing a 10 per cent YoY growth, with a like-to-like (L2L) growth of 1 per cent for the quarter.

Excluding TCNS, the ethnic business saw a 51 per cent YoY growth in Q4, driven by higher same-store sales, network expansion, and category extensions. Notably, the Sabyasachi brand grew by 56 per cent YoY in Q4. The men’s premium ethnic wear brand Tasva doubled its revenue over the last year in FY24. The super premium brands segment, which includes the multi-brand format ‘The Collective’ and other super-premium brands, delivered a 16 per cent YoY revenue growth in Q4.

Fibre2Fashion News Desk (DP)