Aditya Birla Fashion Q1 Review – Accelerated Store Addition Plan In Place: ICICI Direct

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Covid-19 induced lockdowns significantly disrupted the performance for Aditya Birla Fashion and Retail Ltd. in Q1 FY22.

Green-shoots are visible with ~75% recovery rate in July.

Revenue de-grew 55% QoQ to Rs 812.0 crore (up 151% YoY).

On the base of Q1 FY20, recovery rate was at ~40% of pre-Covid-19 levels.

Higher-than-expected employee and other expenses resulted in profit before tax losses coming in ahead of our estimates.

Profit before tax losses were at Rs 467 crore versus Rs 121 crore in Q4 FY21 and Rs 545 crore in Q1 FY21.

Aditya Birla Fashion’s finance cost declined sharply by 32% owing to a substantial decline in debt levels.

Click on the attachment to read the full report:

ICICI Direct Aditya Birla Fashion Q1FY22 Result Update.pdf


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