Aditya Birla Nuvo news and archive

Aditya Birla Nuvo quarterly revenue up eight per cent

Aditya Birla Nuvo’s consolidated revenue for the quarter ended December 31, 2016, was up eight per cent over the previous year. EBITDA surged 22 per cent. Its divisions (Jaya Shree, Indo-Gulf Fertilisers, Indian Rayon and Aditya Birla Insulators) are India’s leading manufacturers of linen, urea, viscose filament yarn and insulators. Their...

Business

ABNL net profit down 8.40 percent in September quarter

Aditya Birla Nuvo (ABNL), the holding company of Aditya Birla Group, has reported a 8.40 percent decline in consolidated net profit at Rs 414.04 crores for the quarter ended September 30, 2015. The company had reported a net profit of Rs 452.02 crores in the corresponding period a year ago. ABNL's net sales rose by 11.48 percent to Rs 7,237.88...

Business

Aditya Birla Nuvo terminates issue of GDRs by Pantaloons

The Aditya Birla Nuvo board has approved termination of plans to issue GDRs by group firm Pantaloons Fashion and Retail (PFRL) as under a merger scheme to consolidate their branded apparel business due to regulatory issues. “However, based on discussions with such authority, it transpired that PFRL's application shall not be favourably...

Business

Aditya Birla Nuvo reports 6.62 percent increase in Q3 profit

Aditya Birla Nuvo reported 6.62 percent rise in consolidated net profit at Rs 368.14 crores for the third quarter ended December 2014 against net profit of Rs 345.27 crores in the October-December quarter of 2013-14 fiscal, the company informed in a BSE filing. ABNL's net income during the third quarter of 2014-15 increased marginally by 1.11...

Business

Aditya Birla Nuvo Q2 profit increases 55 percent

Aditya Birla Nuvo (ABNL) reported 55.79 percent jump in consolidated net profit at Rs 452.05 crores for the quarter ended September 30, 2014. It had reported a net profit of Rs 290.15 crores in the July-September quarter of 2013-14 fiscal, Aditya Birla Nuvo ( ABNL) said in a BSE filing. ABNL's net income during the second quarter of 2014-15...

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...

Apparel

Pantaloons debuts in Bhilai

Pantaloons, a leading fashion and lifestyle apparel retail brand, now under Aditya Birla Nuvo Group, opened its first store in Bhilai. The new store is at Surya Treasure Island Mall in Bhilai, a fashion shopping destination. Pantaloons offers a collection of more than a 100 brands and provides one-stop shopping experience to discerning buyers....

Apparel

Aditya Birla Nuvo’s Q2 net profit at Rs 2,184.60 million

In its financial results for the quarter ended September 30, 2013, Aditya Birla Nuvo has registered a net profit of Rs 2,184.60 million against Rs 963.20 million for the quarter ended September 30, 2012. Total income stood at Rs 22,597.70 million for the quarter compared to Rs 25,842.20 million for the quarter ended September 30, 2012. The group...

Apparel

Revamped look in the offing for Pantaloon

After acquiring a controlling stake in the Rs 1,600 crores Pantaloon Fashion and Retail (Pantaloon) from Future Group, Aditya Birla Nuvo plans to provide a new refreshed look to its product range. The group would invest around Rs 150 crores to carry out expansion and renovation plans this fiscal. In the June quarter, Pantaloon registered a net...

Apparel

Pantaloons may have to exit Select Citywalk Mall

Aditya Birla Nuvo may have to give up one of the most prestigious Pantaloons outlets in Delhi’s Select Citywalk Mall. Reason: the mall owner has filed a case against transfer of the shop to the AV Birla Group company as part of its buyout of the retail chain. Select Infrastructure, the owner of the popular South Delhi mall, has approached the...

Apparel

Birla Retail to open 100 supermarkets every year

Aditya Birla Retail, the retailing arm of Aditya Birla group, is looking at opening 100 supermarkets under 'More' brand every year in the next three years, including this year, to bolster its retail presence. Birla Retail is also planning to open half dozen hypermarkets next financial year. Birla's plans come after the retailer closed 40...

Apparel

Peter England board approves Pantaloon deal

Aditya Birla Group firm Peter England Fashions and Retail board has approved the demerger of Pantaloon format business and fixed the share swap ratio at 1:5 for every five shares of Pantaloon, shareholders will get one Peter England share. The development marks as a step towards Aditya Birla Group’s proposed acquisition of majority stake in...