ABFL revenues perks up 8 per cent, losses narrow down

Aditya Birla Fashion and Retail (ABFL) losses went down to Rs 21 crores in the first quarter of fiscal year ’17 as compared to a loss of Rs 68 crores in the first quarter of fiscal year ’16. And revenues went up eight per cent. ABFL was earlier known as Pantaloons Fashion and Retail. ABFL was created after Madura was merged into Pantaloons Fashions last year.