ABFRL Q4 Result: Revenue increased 25% compared to pre-COVID level, EBITDA increased 58%

Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday released its fourth quarter results. It said its Q4 revenue had increased by 25 per cent over the previous fiscal year, in addition to the pre-quaid level. The company reported a 50 percent YoY increase in March 2022, offsetting the effects of the third wave of COVID-19 in the first half of Q4. “We expect this momentum to continue into the coming quarter of this year,” it said.

The consolidated EBITDA for Q4 increased by 58 per cent year-on-year to Rs 401 crore. It added that a strong performance across the segment has led to a 17.6 percent EBITDA margin this quarter, which is more than 350 bps higher than the previous year.

In Q4, revenue increased from Rs 1,822 crore in FY21 to Rs 2,283 crore in FY22, an increase of 25 per cent. Revenue increased from Rs 3,898 crore in H2 FY21 to Rs 5,270 crore in H2 FY22, an increase of 35 per cent.

EBITDA Q4 increased from Rs 253 crore in FY21 to Rs 401 crore in FY22 Q4, an increase of 58%. EBITDA has increased by Rs 1,010 crore in H2 FY22 from Rs 674 crore in H2 FY21, an increase of 50 per cent.

PAT 4 FY22 had Rs 32 crore, and H2 FY22 had Rs 229 crore.

Net debt for the quarter was Rs 504 crore.

Despite the disruption of large format stores due to the Covid-19 third wave, Pantaloon’s business grew 13 percent year-on-year. “Lifestyle Brands – Revenue grew 34 percent, while EBITDA grew 77 percent, leading to a revival of the wholesale business and a strong retail LTL of 13 percent,” it says.

Ethnic businesses have also seen sharp increases in revenue, including scales of both network expansion, new portfolio addition and division expansion. The business is currently operating at an annual run rate of ~ 400 crore, ”he added.

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