ABFRL reports its highest revenue for Q2 at Rs. 2054 Cr

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New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) today reported its revenue for the second quarter ended September doubled to Rs 2,054 crore backed by eased mobility restrictions and growing online retail channels. Revenue stood at Rs 1,028 crore in the same quarter of last financial year.

The company’s Lifestyle Brands division which houses retail brands such as Peter England, Louis Philippe, and Van Heusen doubled its sales to Rs 1,156 crore in comparison to last year’s Rs 531 crore. It reported a 92 percent recovery as compared to pre-covid levels riding on its small-town expansion strategy.

Apparel store Pantaloon, a part of ABFRL, recorded an 80 percent increase in sales to Rs 665 crore for the quarter ended in September.

“Pantaloons recorded a recovery of 73 per cent of pre-COVID levels. The prolonged restrictions on shopping malls which constitute a large share of the store network impacted the recovery,” ABFRL said in a statement.

The Active Athleisure Innerwear segment reported revenue growth of 41 percent. Other segments such as super-premium brands and youth western wear which includes brands like Forever 21 and American Eagle reported growth aided by online channels while the ethnic wear segment grew on new-store openings.

ABFRL recorded Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) of Rs 338 crore in Q2 as compared to Rs 136 crore in the same quarter last year.