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Aditya Birla Fashion & Retail Ltd share Price Today

Company details

282.10
293.40
192.95
293.40
6M Return 25.32%
1Y Return 44.46%
Mkt Cap.(Cr) 29,039.44
Volume 5,508,640
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 5,508,640

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Incur '0' Brokerage upto ₹500
Growth trajectory sustains; margins under pressure
About The Stock

    ABFRL combines Madura’s portfolio of leading power brands (Allen Solly, Van Heusen, Louis Philippe and Peter England) with Pantaloons’ forte of largest value fashion retailer. The company has a robust distribution network having, 3442 brand stores along with 406 Pantaloons stores.

    • ABFRL has charted out growth strategies to become a ~US$2.8 billion entity (₹ 21000 crore) by FY26E, translating to 15% CAGR in FY20-26E
    • It has enhanced focus on ethnic wear (through its recent acquisitions)
Q3FY23 results : Healthy revenue growth but margins remain under pressure

    ABFRL reported healthy revenue growth but aggressive spends on marketing expenses and new initiatives continued to weigh to profitability. Registered 20% YoY growth with sales growing 39% of pre-Covid levels

    • Revenue grew impressively by 20% YoY (I-direct estimate: 14%) to ₹ 3588.8 crore (three-year CAGR: 12%)
    • Gross margins remained flattish YoY at 54.6% owing to better product mix and control on higher discounts (except Pantaloons segment). However, other expenses grew sharply by 55% YoY to ₹ 830.2 crore. Subsequently, EBITDA margins were at 12.1% (I-direct estimate: 14.1%, Q3FY22: 19.1%)
    • Lower than anticipated EBITDA resulted in PAT coming in at ₹ 11.2 crore

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Department Stores company Aditya Birla Fashion and Retail announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24

  • Revenue: Consolidated revenue for Q3FY24 was Rs 4,167 crore, showing a 16% increase from Rs 3,589 crore YoY.
  • EBITDA: Consolidated EBITDA stood at Rs 605 crore, which is a 29% growth from Rs 467 crore in Q3FY23.
  • Profit After Tax (PAT): The quarter saw a consolidated net loss of Rs 108 crore, compared to a PAT of Rs 11 crore previously.

Standalone Q3FY24

  • Revenue: The company reported a revenue of Rs 3,516 crore for the quarter, marking an increase of 5% compared to the previous year's figure of Rs 3,359 crore.
  • EBITDA: Standalone EBITDA rose to Rs 611 crore, a substantial growth of 28% from last year's Rs 478 crore.
  • Profit After Tax: The standalone PAT faced a decline, reducing to Rs 45 crore from Rs 57 crore, a change of -21%.

Consolidated 9MFY24

  • Revenue: For the year-to-date, consolidated revenue grew by 11%, reaching Rs 10,589 crore compared to Rs 9,538 crore for the same period last year.
  • EBITDA: EBITDA decreased slightly by 4%, from Rs 1,385 crore to Rs 1,326 crore.
  • Profit After Tax (PAT): There was a notable year-to-date net loss of Rs 470 crore, contrasting sharply with the previous year's gain of Rs 135 crore.

Standalone 9MFY24

  • Revenue: The revenue stood at Rs 9,499 crore, reflecting a 5% growth from the previous year's Rs 9,086 crore.
  • EBITDA: EBITDA was practically unchanged year-over-year, with Rs 1,460 crore relative to Rs 1,447 crore.
  • Profit After Tax (PAT): There was a significant decrease in PAT, amounting to a loss of Rs 78 crore compared to a positive Rs 261 crore in the previous year.

Key Business Segment Highlights

  • Lifestyle Brands: Registered a 10% revenue growth with Rs 1,815 crore and a notable EBITDA margin expansion of roughly 230 basis points, reaching 19.2% EBITDA.
  • Pantaloons: Witnessed a 12% increase in revenue at Rs 1,297 crore and a 40% EBITDA growth.
  • Ethnic Businesses: Excluding TCNS, the segment experienced a growth of 43%.
  • Youth Western Wear: American Eagle saw a 34% increase in revenue, while Forever 21 faced market challenges.
  • Reebok Performance: Continued strong performance with an over 100 crore sales mark and significant distribution expansion.
  • Innerwear & Athleisure: Faced market softness along with a 5% growth in the Innerwear category.

Result PDF

View Other Company Results

Aditya Birla Fashion & Retail Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (6)

  • Promoter holding decreased by more than -2% QoQ
  • Negative profit growth, promoters decreasing shareholding QoQ
  • MFs decreased their shareholding last quarter

Opportunity (3)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 292.3
R2 298.5
R3 303.6
Pivot

287.20

S1 281.0
S2 275.9
S3 269.7
EMA SMA
266.6
251.6
241.8
236.2
264.9
241.9
238.4
229.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-02 238.1 4926485 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-02 238.43 5009685 NSE
CRESTA FUND LTD Bulk Purchase 2023-10-25 212.5 9733098 NSE
Name Category Shares
Birla Group Holdings Private Limited PROMOTER 16.9%
IGH Holdings Private Limited PROMOTER 13.45%
Grasim Industries Limited PROMOTER 9.62%
Umang Commercial Company Private Limited PROMOTER 6.41%
Hindalco Industries Limited PROMOTER 4.95%

OUR RESEARCH VIEW

Investment recommendation
Growth trajectory sustains; margins under pressure
Call Date
08 Feb 2023
Entry Price 250.00
Target Price 340.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
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P BV

Aditya Birla Fashion & Retail Ltd Stocks COMPARISON

Financials( in Cr) Aditya Birla Fashion & Retail Ltd Avenue Supermarts Ltd Trent Ltd Vedant Fashions Ltd Redtape Ltd
Price 286.10 4,537.35 4,682.00 1,036.80 726.60
% Change -1.36 -3.14 -0.71 1.33 1.70
Mcap Cr 29,039.44 295,260.34 166,440.42 25,180.76 10,041.76
Revenue TTM Cr 12,417.90 42,839.56 12,375.11 1,354.93 1,468.31
Net Profit TTM Cr -59.47 2,378.34 1,477.46 429.11 142.15
PE TTM 0.00 116.45 181.92 60.80 58.94
1 Year Return 44.46 32.30 212.45 -18.28 47.13
ROCE 0.00 20.14 23.52 36.34 28.67
ROE 0.00 15.99 27.16 34.57 34.99
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,983.29 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,090.66 -22,978.04
LAST 3M 106,793.94 -34,010.07
LAST 6M 169,541.16 45,373.47
LAST 12M 268,709.66 125,819.23
Board Meeting for Today

May 28, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

May 28, 2024 l NSE Board Meetings Forthcomming

Aditya Birla Fashion and Retail Limited - Loss of Share Certificates

May 27, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Aditya Birla Fashion & Retail Ltd Information

Stock PE (TTM)
0
Promoter Holding
51.85%
Book Value
47.638
ROCE
0%
ROE
0%
Description
  • Aditya Birla Fashion and Retail Limited is an Indian fashion company located in Mumbai with a network of more than 3,000 stores and a market capitalisation of Rs. 28,203 crore. With 25,000 branches, it has its presence in almost every Indian city including Tier-1 and 2. The company was incorporated in 1997 and has its headquarters in Mumbai. It has reported a total income of Rs. 2,987 crore in for the quarter ended December 31st 2021. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with the number 535755 and scrip code ABFRL.

    The company with a revenue of Rs. 5.294 crore as of 2021 and a retail space of 8.4 million sqft is sometimes called India’s powerhouse in the fashion segment. With a range of some of the most desired brands like Louis Philippe, Van Heusen, Allen Solly, and Pantaloons, it aims to give consumers the finest experience in fashion and lifestyle.  Aditya Birla Fashion and Retail Limited is also getting into the designer space by acquiring a stake of 51% in Sabyasachi Couture along with entering the market of men’s ethnic wear with the famous designer Tarun Tahiliani. The promoters of the company hold around 56.12% with foreign institutions covering 13.51%, retailers around 11.65%, and a few other domestic investors 5.43%.

    The annual net revenue of the company in the financial year 2021-2022 is Rs. 5,248 crore with an expense of Rs. 5647 crore. The EBITDA of the company in the same fiscal is reported to be negative. The current asset valuation of the company is even higher with Rs. 4,764 crore with various short-term investments. The top mutual funds that invest in this company are Motilal Oswal Midcap direct fund, Tata Large & Mid Cap Fund, and Nippon India Growth Direct Fund. In a consolidated financial, it is observed that the company in recent times had a sales growth of 44% YoY basis in the third quarter of 2022. Aditya Birla Fashion share price closed at Rs. 300 per AB Fashion share on the April 1, 2022. Aditya Birla Fashion share has given returns of around 51.13% for one year and 36.55% for three years.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Piramal Agastya Corporate Park, Bldg-A 4&5 Flr LBS Marg Kurla, Mumbai, Maharashtra, 400070

Tel : 91-8652905000
Email : anil.malik:abfrl.adityabirla.com
Website : http://www.abfrl.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 535755
NSE Code : ABFRL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE647O01011

FAQ’s on Aditya Birla Fashion & Retail Ltd Shares

You can buy Aditya Birla Fashion & Retail Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Aditya Birla Fashion & Retail Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 27, 2024 03:59 PM the closing price of Aditya Birla Fashion & Retail Ltd was Rs.286.10.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 27, 2024 03:59 PM, the market cap of Aditya Birla Fashion & Retail Ltd stood at Rs. 29,039.44.

The latest PE ratio of Aditya Birla Fashion & Retail Ltd as of May 27, 2024 03:59 PM is 0.00

The latest PB ratio of Aditya Birla Fashion & Retail Ltd as of May 27, 2024 03:59 PM is 0.17

The 52-week high of Aditya Birla Fashion & Retail Ltd share price is Rs. 293.40 while the 52-week low is Rs. 192.95

According to analyst recommendations, Aditya Birla Fashion & Retail Ltd Share has a "Buy" rating for the long term.

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