ABFRL Q4 profit up 79 per cent as revenue too moves north

Aditya Birla Fashion and Retail’s (ABFEL) Q4 net profit has grown by 79 per cent as revenue increased nine per cent. Ebitda fell due to a rise in marketing spends. For the full year, ebitda increased 24 per cent and revenue increased 13 per cent. Net profit grew 173 per cent. In the September 2018 quarter, the company reported a 62 per cent year-on-year jump in operating profit before depreciation. Revenue grew by 11 per cent. The Pantaloon chain, ebidta margins grew 6.6 per cent in the September quarter from 4.8 per cent year-on year, thanks to higher operating leverage with more stores maturing.