ABFRL registers 37 % rise in Q4 net loss to Rs 266.35 crore

Aditya Birla Fashion and Retail (ABFRL) registered a 37 per cent rise in net profit during Q4 FY24 to Rs 266.35 crore from Rs 194.54 crore reported a year ago.
The company's total revenue surged by 18.26 per cent to Rs 3,406.65 crore from Rs 2,879.73 crore recorded last year.
EBITDA for the quarter grew by 47.1 per cent to Rs 283.7 crore while EBITDA margins improved by 8.3 bps year-on-year to 6.7 percent.
In the Lifestyle Brands segment, amidst a sluggish market, there was a 2 per cent Y-o-Y growth, reaching Rs 1,564 crore. The segment achieved an EBITDA of Rs 305 crore, marking a 36 per cent Y-o-Y growth due to improved gross margins and cost management. EBITDA margin rose to 19.5 per cent, up by 480 basis points compared to the previous year.
Youth Western wear segment saw American Eagle delivering strong performance with a 27 per cent sales growth, supported by distribution expansion. The brand added 6 more stores this quarter, bringing the total to 65 stores, and expanded its presence to over 120 departmental doors.
The Innerwear & Athleisure segment reported flat revenue growth year-on-year in Q4, driven by a decline in the athleisure segment. The innerwear category, however, saw a 12 per cent growth. The business expanded its reach by adding approximately 3,000 MBOs, reaching around 35,000 trade outlets.
Reebok segment witnessed a 29 per cent growth in Q4, crossing Rs 450 crore in revenue within its first full year of operations with the Company. The brand aggressively expanded its distribution network and ended the year with a presence across 160+ stores and 900+ MBOs & departmental stores.
Ethnic business grew 51 per cent Y-o-Y this quarter, driven by higher same-store sales, network expansion, and category extensions.
Despite sluggish consumption over the past few quarters, the company remains committed to its long-term strategy of building strong, timeless brands. The apparel market is expected to grow at a double-digit CAGR, and ABFRL aims to capitalise on this growth through a brand-led strategy.