• Home
  • News
  • Business
  • Pantaloons Q4 net loss narrows to Rs 63.78 crores

Pantaloons Q4 net loss narrows to Rs 63.78 crores

By Sujata Sachdeva

loading...

Scroll down to read more
Aditya Birla Group firm Pantaloons Fashion & Retail reported a standalone net loss of Rs 63.78 crores for the fourth quarter ended March 31, 2015. The company had reported net loss of Rs 70.75 crores in the January-March quarter of 2013-14, the company said in a filing to the BSE. Pantaloons’ net sales in the quarter under review stood at Rs 450.51 crores, up 12.45 percent as against Rs 400.61 crores in the same quarter a year ago.

In 2014-15, Pantaloons’ net losses were at Rs 228.14 crores compared with Rs 187.73 crores in 2013-14. Pantaloons’ net sales in 2014-15 stood at Rs. 1,816.88 crores against Rs 1,628.62 crores in 2013-14.

Kumar Mangalam Birla-led Aditya Birla Group recently announced merger of its two retail arms — the Aditya Birla Nuvo-owned fashion retailing business with Pantaloons Fashion & Retail. The merger has led to the launch of Rs 12,000 crores branded apparel entity called Aditya Birla Fashion & Retail (ABFRL). Now Madura Fashion, the branded apparel retailing division, and Madura Lifestyle, the luxury branded apparel retailing of Aditya Birla Nuvo, will be demerged into its listed subsidiary — Pantaloons Fashions and Retail (PFRL).

Pantaloons