BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Aditya Birla Fashion and Retail Ltd. reported in line Q1 FY23; revenue was up 254% YoY (39% over Q1 FY20) at Rs 28.8 billion, driven by improved consumer traffic across businesses and channels.
Revenues in Lifestyle and Pantaloons surged 3.5 times (51% higher versus pre-Covid) and 4.7 times (15% versus pre-Covid) YoY, respectively.
Higher priced products saw sharp recovery, with growth in segment too not facing any challenge. New store additions and category extensions multiplied growth by ~2.7 times in the ethnic segment.
Gross margin expanded 510 basis points YoY to 55.8%, while Ebitda margin at 16.3% came from better operating leverage. Aditya Birla Fashion and Retail’s net debt reduced to ~Rs 6.5 billion from ~Rs 25 billion in FY20.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.