Aditya Birla Fashion’s lacklustre performance in the September quarter (Q2) did no damage to its stock. The scrip, which fell sharply after demonetization, gained slightly after the results were announced. Today, Aditya Birla Fashion share price surged over 4 per cent on the NSE.
The revenue increased 13 per cent, driven by the firm’s value format business, Pantaloons. Madura Fashion & Lifestyle, which comprises premium brands and generates three-fifths of the company’s revenues and operating profits, grew by a tepid 5 per cent. Pantaloons registered a respectable 6.2 per cent growth on a like-to-like basis.
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