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.