New Delhi: Aditya Birla Fashion and Retail LTD (ABFRL) plans to aggressively expand to triple business and double the scale of its newly created subsidiary for lifestyle in the next five years.
Abfrl, with a refined portfolio of the brand, a wide presence across segments with high growth and gross cash balance £2,350 crore, launches another phase of growth. In the next five years, he focuses on a triple increase in income and on the expansion of a double range, said Jagdish Bajai, CFO, on Monday’s call after earnings.
Aditya Birla Lifestyle Brands LTD (ABLBL), supported by the portfolio of more than 3,200 stores and healthy free cash flows, is located so that in the next five years it doubles and significantly expands margins, with more than 300 new stores already planned for FY26.
Read also: ITC expects to consume on rain, reduce rates
Last April, the Board of Directors approved Madura Fashion & Lifestyle. Once the Demerger is completed, Ablbl is set on the list separately. It is expected to be effective from 1 May, with a probable list by the end of June.
“For the next 12 months, the use of its strong cases, Ablbl is going to launch historical expansion, with aggressive retail introduction after its brand portfolios, pointing through net 300 stores across the country to speed up growth and deepen the presence on the market.
“Combined with a stable torn core, a high -growing portfolio of the brand and a strong brand with its consumers, the company has a strong position to invest confidently in growth, innovation and long -term management in fashion and clothing,” he said.
Read also: Diageo India expects a decline in prices for some ghosts after an agreement on free trade with Great Britain
Ablbl runs brands like Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter. As of March 31, the retail trail had 3,253 brands of brands, the presence across 38,000 multi-branded stores and more than 7,000 stores in shops across the country.
Abfrl, on the other hand, includes brands like pantaloons and style up; Portfolio of ethnic clothing including Jaypore, Tasva and TCNS, along with branded brands Shantnu & Nikhil, Tarun Tahiliani, Sabyasachi and House of Masaba. It also offers luxury offers such as Collective, Gallery Lafayette and Portfolio of Digital Brands under TMRW. As of 31.
Read also: Myntra gets off India and sells clothes in Singapore
In the quarter ending March, the company received $ 490 million and preferential issues through a qualified institutional placement. £2,350 Crore cash on a consolidated level to monitor aggressive growth on its multiple high -speed platforms. During the quarter, our industrial scenario continues to see strong macro-admin with a lasting impact on consumer consumer consumer consumer consumer, ”Bajaj said.
(Tagstotranslate) abfrl
