Aditya Birla Retail incurs losses worth Rs 5,320 crores

After eight years of operations Aditya Birla Retail accumulated losses to the tune of Rs 5,320 crores. The retail arm of the Aditya Birla Group posted Rs 2,893 crores sales for the year ended March 2015. As per the company’s filings with Registrar of Companies, the group’s losses reduced 5 per cent year-on-year at Rs 571 crores.