12 July 2024, Mumbai
Increasing the company’s stake in Goodview Fashion (GFPL) from the earlier 33.5 per cent to 51 per cent, Aditya Birla Fashion and Retail (ABFRL) acquired an additional 17.5 per cent share for a cash consideration of Rs 127.42 crore.
A manufacturer and retailer of branded apparels in India, Aditya Birla Fashion and Retail (ABFRL) reported a net loss of Rs 229.57 crore on a consolidated basis in Q4 FY24 as against a net loss of Rs 186.94 crore recorded in Q4 FY23.
The company’s revenue from operations increased by 18.3 per cent Y-o-Y to Rs 3,406.65 crore in the March 2024 quarter.
A manufacturer and retailer of ethnic couture fashion under the brand TarunTahiliani, GFPL recorded revenues of Rs 148 crore in FY24.
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