ABNL news and archive

Aditya Birla Nuvo reports net profit of Rs 327 cr in Q4

A consolidated net profit of Rs 326.69 crores in the fourth quarter was reported by Aditya Birla Nuvo, a diversified firm. In the January-March quarter of 2014-15, the company had posted a net profit of Rs 331.63 crores. Its net sales during the quarter under review stood at Rs 6,318.41 crores as against Rs 6,957.32 crore in the year-ago period....

Business

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...

Apparel

Lalit Naik appointed new MD of Aditya Birla Nuvo

Lalit Naik, will takeover as the new Managing Director of Aditya Birla Nuvo (ABNL), replacing Rakesh Jain as his term expires on June 30. Naik’s appointment will be subject to shareholder approval. Naik currently heads the chemicals, fertilisers and insulator businesses of the Aditya Birla Group and is the Deputy Managing Director of ABNL since...