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House of Anita Dongre: Wins the award for the 'Fashion Retailer Of The Year for HOAD'

25 May 2022, Mumbai:

House of Anita Dongre has become the first Indian fashion company to join the international environmental organization Canopy’s CanopyStyle and Pack4Good initiatives.

The CanopyStyle and Pack4Good initiatives focus on transforming fashion and packaging supply chains by shifting them away from sourcing from the world’s most important forests and scaling climate-friendly next-generation solutions.

ALSO READ House of Anita Dongre's joins CanopyStyle and Pack4Good initiatives

Despite the obstacles of the epidemic, designer Anita Dongre has increased her focus on bridal wear and altered her hallmark designs for brides searching for more flexible items.

Dongre has introduced her most adaptable wedding wear collection yet in an effort to encourage sustainable design, and she is certain that bridal wear will continue to thrive as a product category.

*Dongre told Elle India, "I think the epidemic has reminded me what a delight the celebration of a wedding is." "Weddings have gotten more intimate and thought out with everyone involved over the previous two years,"

RELEVANT NEWS

Elated Kavindra Mishra, MD & CEO of House Of Anita Dongre said,” We have seen unprecedented success at all our existing Stores".

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CREDITS: House of Anita Dongre *Elle India (The news article has not been edited by DFU Publications staff).

House of Anita Dongre: Wins the award for the 'Fashion Retailer Of The Year for HOAD'

ABFRL To Raise Funds

24 May 2022, Mumbai:

Aditya Birla Fashion to raise Rs 2,195 crore of primary capital from GIC Post the entire investment, GIC will own around 7.5% equity stake in ABFRL. Aditya Birla Group will hold around a 51.9% stake in the company post the completion of this transaction.

ALSO READ Aditya Birla Fashion & Retail (ABFRL)’s: New age digital brands to contribute constructively to its revenue in 5 years

Aditya Birla Fashion and Retail NSE -1.22 % Limited on Tuesday approved the raising of up to Rs 2195 crore by way of preferential issue of equity and warrants to an affiliate of GIC NSE -1.06 %, Singapore’s sovereign wealth fund. GIC will invest Rs 770 crore towards subscription of equity and warrants, followed by up to Rs 1425 crore in one or more tranches within 18 months upon exercise of warrants.

RELEVANT NEWS Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands

Post the entire investment, GIC will own around a 7.5% equity stake in ABFRL while Aditya Birla Group will hold about a 51.9% stake in the company post the completion of this transaction. ABFRL said it plans to use this capital to accelerate its growth engine built around the strength of its current businesses along with a rapidly evolving play in emerging high-growth business models.

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CREDITSMoney Control ET Mint Business Today (The news article has not been edited by DFU Publications staff).

ABFRL To Raise Funds

ABFRL posts Q4FY'22 results

18 May 2022, Mumbai:

ABFRL’s best ever Q4 Performance

Kick started Ethnic Expansion

Ecommerce continues to grow strongly

Penetration into Small Town India

―Highest ever Revenue and EBITDA in Q4 despite January washout

―Consolidated revenue & EBITDA grew by 25% & 58% respectively

―Lifestyle revenue higher by 34% YoY

―Pantaloons posted robust growth

―Ethnic portfolio more than doubled

Aditya Birla Fashion and Retail posts 25% revenue growth over pre-COVID levels; EBITDA surges 50% YoY.

 

ALSO READ Aditya Birla Fashion & Retail (ABFRL)’s: New age digital brands to contribute constructively to its revenue in 5 years

Performance Highlights

1. Q4 revenue grew 25% over pre-COVID levels as well as over last fiscal
a. 50% YoY growth was seen in March 2022 offsetting the impact of COVID 3 during the first half of Q4.
2. Q4 Consolidated EBITDA for the quarter increased 58% YoY to Rs. 401 Cr.
a. Robust performance across categories led to a 17.6% EBIDTA margin this quarter.
1. EBITDA Margin expanded by more than 350 bps over the previous year.
3. Continued progress on strategic portfolio expansion agenda
a. "Reebok" and "Masaba" added to the portfolio this year.
b. Strategic foray into D2C business with a long-term vision of building a portfolio of digital-first brands.
4. Network Expansion plan firmly on track
a. Continued expansion across markets and brands.
b. Deepening penetration through small-town formats.
5. Accelerated E-com and Omni-channel play
a. Ecommerce business currently operating at annual revenue of -Rs 1000 crores
b. One of the largest fashion Omni-channel play with -50% network Omni-enabled.

6 Closed the quarter with net debt of Rs.504 Crores.

RELEVANT NEWS Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands

Financial Performance

The Board of Directors of the Company, at its meeting today, approved the results for the quarter ended 31st March 2022.

These financials are posted factoring in necessary adjustments under Ind AS 116.

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CREDITS: ABFRL (The news article has not been edited by DFU Publications staff).

ABFRL posts Q4FY'22 results

Tasva opens its 9th store in Bengaluru!

17 May 2022, Mumbai:

Couturier Tarun Tahiliani and the Aditya Birla group (ABFRL) have joined forces to launch a men’s traditional wear brand called Tasva. This is a brand inspired by India’s culture and history, especially Benaras which is a confluence of vibrant colors and hues and is poetically on the banks of the Ganges.

ALSO READ Aditya Birla launches ‘Tasva’ a brand with Tahiliani

Tahiliani is known for his opulent traditional wear for both men and women, which retails through his eponymous brand, and for his bridal couture. Tasva’s ready-to-wear line encompasses the same refined yet heavily detailed and luxurious aesthetic and craftsmanship that Tahiliani has become known for but pared down to retail at a more accessible price-point.

RELEVANT NEWS Tasva: Flagship store opened in New Delhi

Tasva combines the fit Tahiliani is known for with Aditya Birla’s expertise in fabrics, factories, distribution, and manufacturing.

Aditya Birla has ambitious retail expansion plans for Tasva and aims to open between 50 and 70 brick-and-mortar outlets across India in a year.

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CREDITS: TASVA LINKEDIN 

Tasva opens its 9th store in Bengaluru!

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