Madura F&L and Pantaloons report revenue rise in Q1

Aditya Birla Nuvo Limited’s (ABNL) Fashion & Lifestyle business reported a revenue of 14 percent to Rs 1,321 crores and EBITDA by 37 percent to Rs 79 crores despite lower customer footfalls and higher discounting witnessed across the industry. Backed by retail store expansion and growth in wholesale channel sales, Madura’s revenue expanded 12 percent to Rs 884 crores and EDITDA by 10 percent to Rs 68 crores. It opened 24 stores during the quarter to reach 1,759 stores.

The revenue of Pantaloons Fashion & Retail (PFRL) increased 14 percent at Rs 439 crores backed by store expansion and like-to-like growth of 4.2 percent. It posted an EBITDA of Rs 4 crore against a loss of Rs 4 crore reported last year. As a result of its continued focus on enriching product portfolio, the revenue share of its exclusive brands has increased from 52 percent to 55 percent.

ABNL’s Fashion & Lifestyle business is the largest branded menswear and womenswear player in India, with over 10.8 million loyalty customers and 1,893 stores. Its other divisions linen, urea, viscose filament yarn (VFY) and insulators combined together generated revenue at Rs 1,434 crores, an increase of 16 percent. EBITDA stood at Rs 196 crores witnessing a rise of 41 percent. EBITDA of Indian Rayon grew by 10 percent to Rs 60 crores spurred by growth in VFY volumes and a higher share of superfine yarn.

For fiscal 2015-16, ABNL has chalked out capital expenditure plan of about Rs 300 crores.