Aditya Birla Fashion
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July 2 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - NCLT SANCTIONS AMALGAMATION OF JAYPORE E-COMMERCE, TG APPAREL DECOR WITH CO
Source text: [ID:]
Further company coverage: ADIA.NS
(([email protected];))
July 2 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - NCLT SANCTIONS AMALGAMATION OF JAYPORE E-COMMERCE, TG APPAREL DECOR WITH CO
Source text: [ID:]
Further company coverage: ADIA.NS
(([email protected];))
June 8 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - UNIT BUYS ADDITIONAL 10.02% STAKE IN BEWAKOOF
ADITYA BIRLA FASHION - UNIT NOW HOLDS 99.03% EQUITY IN BEWAKOOF
Source text: ID:nBSE2LdYTh
Further company coverage: ADIA.NS
(([email protected];))
June 8 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - UNIT BUYS ADDITIONAL 10.02% STAKE IN BEWAKOOF
ADITYA BIRLA FASHION - UNIT NOW HOLDS 99.03% EQUITY IN BEWAKOOF
Source text: ID:nBSE2LdYTh
Further company coverage: ADIA.NS
(([email protected];))
India's Aditya Birla Fashion and Retail ADIA.NS reported a narrower adjusted fourth-quarter loss on Monday, helped by growth in its core fast-fashion business.
The retail and fashion unit of the Aditya Birla group posted 1.64 billion rupees ($17.22 million) as net loss after tax from continuing operations for the quarter ended March 31, from 1.71 billion rupees a year earlier
Revenue from operations rose 15.7% year-on-year to 19.90 billion rupees
Revenue from its Pantaloons retail unit grew 19% year-on-year, and that from its ethnic wear segment, which includes brands such as Sabyasachi and House of Masaba, rose 3%
Aditya Birla Fashion and Retail added 70 new stores over the quarter, expanding its retail footprint
The firm said demand remained in line with the previous quarter, but flagged geopolitical factors as a risk to input costs and consumer sentiment.
Total expenses for the quarter rose 16%
Aditya Birla Fashion and Retail spun off its Madura Fashion unit, which housed flagship lifestyle brands including Louis Philippe, Van Heusen and Peter England, into a separate listed entity in 2024
The unit, which was not fully demerged until 2025, contributed 18.78 billion rupees to the company's topline in the same quarter last year. 70% of Aditya Birla Fashion's revenue came from the unit
Peer Trent TREN.NS posted higher quarterly profit last month on strong demand, while Shoppers Stop SHOP.NS posted a loss amid weak discretionary spending and macro pressures.
($1 = 95.2300 Indian rupees)
(Reporting by Bipasha Dey and Abhirami G in Bengaluru; Editing by Janane Venkatraman)
India's Aditya Birla Fashion and Retail ADIA.NS reported a narrower adjusted fourth-quarter loss on Monday, helped by growth in its core fast-fashion business.
The retail and fashion unit of the Aditya Birla group posted 1.64 billion rupees ($17.22 million) as net loss after tax from continuing operations for the quarter ended March 31, from 1.71 billion rupees a year earlier
Revenue from operations rose 15.7% year-on-year to 19.90 billion rupees
Revenue from its Pantaloons retail unit grew 19% year-on-year, and that from its ethnic wear segment, which includes brands such as Sabyasachi and House of Masaba, rose 3%
Aditya Birla Fashion and Retail added 70 new stores over the quarter, expanding its retail footprint
The firm said demand remained in line with the previous quarter, but flagged geopolitical factors as a risk to input costs and consumer sentiment.
Total expenses for the quarter rose 16%
Aditya Birla Fashion and Retail spun off its Madura Fashion unit, which housed flagship lifestyle brands including Louis Philippe, Van Heusen and Peter England, into a separate listed entity in 2024
The unit, which was not fully demerged until 2025, contributed 18.78 billion rupees to the company's topline in the same quarter last year. 70% of Aditya Birla Fashion's revenue came from the unit
Peer Trent TREN.NS posted higher quarterly profit last month on strong demand, while Shoppers Stop SHOP.NS posted a loss amid weak discretionary spending and macro pressures.
($1 = 95.2300 Indian rupees)
(Reporting by Bipasha Dey and Abhirami G in Bengaluru; Editing by Janane Venkatraman)
April 22 (Reuters) - Indian fast-fashion retailer Trent TREN.NS posted an about 26% jump in fourth-quarter profit on Wednesday, helped by improved customer demand following tax cuts last year and new store additions.
The Tata Group firm's consolidated net profit rose to 4 billion rupees ($42.65 million) for the quarter ended March 31, from 3.18 billion rupees a year earlier.
($1 = 93.7950 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
April 22 (Reuters) - Indian fast-fashion retailer Trent TREN.NS posted an about 26% jump in fourth-quarter profit on Wednesday, helped by improved customer demand following tax cuts last year and new store additions.
The Tata Group firm's consolidated net profit rose to 4 billion rupees ($42.65 million) for the quarter ended March 31, from 3.18 billion rupees a year earlier.
($1 = 93.7950 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 9558725583;))
March 24 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - APPOINTS NIKHIL MODHA AS CFO DESIGNATE EFFECTIVE APRIL 1, 2026
Source text: ID:nBSE1VMJJ0
Further company coverage: ADIA.NS
(([email protected];))
March 24 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - APPOINTS NIKHIL MODHA AS CFO DESIGNATE EFFECTIVE APRIL 1, 2026
Source text: ID:nBSE1VMJJ0
Further company coverage: ADIA.NS
(([email protected];))
Feb 5 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION & RETAIL Q3 CONSOL NET LOSS 1.52 BILLION RUPEES
ADITYA BIRLA FASHION Q3 CONSOL REVENUE FROM OPERATIONS 23.74 BILLION RUPEES
Source text: ID:nBSEb7jZMy
Further company coverage: ADIA.NS
(([email protected];;))
Feb 5 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION & RETAIL Q3 CONSOL NET LOSS 1.52 BILLION RUPEES
ADITYA BIRLA FASHION Q3 CONSOL REVENUE FROM OPERATIONS 23.74 BILLION RUPEES
Source text: ID:nBSEb7jZMy
Further company coverage: ADIA.NS
(([email protected];;))
Jan 28 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
UNIT BOUGHT ADDITIONAL STAKE OF 2.53% IN WROGN FOR 65.7 MILLION RUPEES
UNIT ALSO MADE PRIMARY INFUSION OF 358.1 MILLION RUPEES IN WROGN VIA SUBSCRIPTION OF OCRPS
Source text: ID:nBSE7h2tww
Further company coverage: ADIA.NS
(([email protected];))
Jan 28 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
UNIT BOUGHT ADDITIONAL STAKE OF 2.53% IN WROGN FOR 65.7 MILLION RUPEES
UNIT ALSO MADE PRIMARY INFUSION OF 358.1 MILLION RUPEES IN WROGN VIA SUBSCRIPTION OF OCRPS
Source text: ID:nBSE7h2tww
Further company coverage: ADIA.NS
(([email protected];))
** Aditya Birla Fashion and Retail's ADIA.NS stock drops 5% to 68 rupees, its lowest level since May 2023
** Aditya Birla Lifestyle Brands AITT.NS stock also falls as much as 5%
** Block deals were likely to take place in two Aditya Birla Group companies - CNBC-TV18 reported on Monday, citing sources
** Over 43.5 mln ADIA shares traded in five block deals, at about 6% discount from last close - LSEG data
** ADIA's busiest session since August 2025; more than 72 mln shares traded so far vs 30-day avg of 4 mln
** ADIA rated "hold" on avg by 15 analysts; median PT at 87 rupees - data compiled by LSEG
** In 2025, ADIA lost 25%
(Reporting by Komal Salecha in Bengaluru)
** Aditya Birla Fashion and Retail's ADIA.NS stock drops 5% to 68 rupees, its lowest level since May 2023
** Aditya Birla Lifestyle Brands AITT.NS stock also falls as much as 5%
** Block deals were likely to take place in two Aditya Birla Group companies - CNBC-TV18 reported on Monday, citing sources
** Over 43.5 mln ADIA shares traded in five block deals, at about 6% discount from last close - LSEG data
** ADIA's busiest session since August 2025; more than 72 mln shares traded so far vs 30-day avg of 4 mln
** ADIA rated "hold" on avg by 15 analysts; median PT at 87 rupees - data compiled by LSEG
** In 2025, ADIA lost 25%
(Reporting by Komal Salecha in Bengaluru)
Dec 31 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TAX DEMAND FOR 93.7 MILLION RUPEES
Source text: ID:nBSE3gBYy8
Further company coverage: ADIA.NS
(([email protected];))
Dec 31 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TAX DEMAND FOR 93.7 MILLION RUPEES
Source text: ID:nBSE3gBYy8
Further company coverage: ADIA.NS
(([email protected];))
Dec 18 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TOTAL TAX DEMAND ORDER FOR 137.7 MILLION RUPEES
Source text: ID:nNSE8Zmvgs
Further company coverage: ADIA.NS
(([email protected];))
Dec 18 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TOTAL TAX DEMAND ORDER FOR 137.7 MILLION RUPEES
Source text: ID:nNSE8Zmvgs
Further company coverage: ADIA.NS
(([email protected];))
Dec 11 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - GETS TAX DEMAND ORDER FOR 69 MILLION RUPEES
Source text: ID:nBSE71mHrS
Further company coverage: ADIA.NS
(([email protected];))
Dec 11 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - GETS TAX DEMAND ORDER FOR 69 MILLION RUPEES
Source text: ID:nBSE71mHrS
Further company coverage: ADIA.NS
(([email protected];))
** Shares of Aditya Birla Fashion and Retail (ABFRL) ADIA.NS climb 2.9% to 89.22 rupees, set to snap a three-session losing streak, if current trend holds
** The fashion retailer rebrands 'StyleUp' fast-fashion brand as 'OWND!' and will convert existing StyleUp stores to OWND! ones
** "This (brand launch) will be a new proposition with a new identity, contemporary shop layouts, and trend-driven products, says Morgan Stanley
** Brokerage maintains "overweight" rating with PT of 131 rupees
** Avg rating of 19 analysts on ABFRL at "hold"; median PT is 86 rupees - data compiled by LSEG
** YTD, stock down 15%
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Aditya Birla Fashion and Retail (ABFRL) ADIA.NS climb 2.9% to 89.22 rupees, set to snap a three-session losing streak, if current trend holds
** The fashion retailer rebrands 'StyleUp' fast-fashion brand as 'OWND!' and will convert existing StyleUp stores to OWND! ones
** "This (brand launch) will be a new proposition with a new identity, contemporary shop layouts, and trend-driven products, says Morgan Stanley
** Brokerage maintains "overweight" rating with PT of 131 rupees
** Avg rating of 19 analysts on ABFRL at "hold"; median PT is 86 rupees - data compiled by LSEG
** YTD, stock down 15%
(Reporting by Kashish Tandon in Bengaluru)
Sept 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ABRFL LAUNCHES OWND
PLANS TO CONVERT EXISTING STYLEUP STORES INTO OWND!
PLANS TO EXPAND FOOTPRINT TO 100 STORES BY END OF THIS FY
LAUNCHES FASHION BRAND DESIGNED FOR GEN Z
Further company coverage: ADIA.NS
(([email protected];;))
Sept 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ABRFL LAUNCHES OWND
PLANS TO CONVERT EXISTING STYLEUP STORES INTO OWND!
PLANS TO EXPAND FOOTPRINT TO 100 STORES BY END OF THIS FY
LAUNCHES FASHION BRAND DESIGNED FOR GEN Z
Further company coverage: ADIA.NS
(([email protected];;))
** Footwear makers Campus Activewear CAMU.NS, Metro Brands METB.NS, Bata India BATA.NS jump 2%-7% on govt's GST cut announcement
** For BATA, 40% of sales under 1,000 rupees to move from 12% to 5% GST, while rest mostly under 2,500 rupees, moving from 18% to 5% - Goldman Sachs
** Adds, for METB, 50% of sales under 2,500 rupees to move to 5% tax slab
** Apparel retailers Trent TREN.NS, Aditya Birla Fashion ADIA.NS, Baazar Style BAAZ.NS, Vishal Mega Mart VSSL.NS rise 2%-5%
** Trent's Zudio stores benefit as large chunk of sub-2,500 rupee apparel now taxed at 5% vs 12%
** Vishal Mega Mart gets nearly 50% revenue from apparel; Baazar Style gets 86%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Footwear makers Campus Activewear CAMU.NS, Metro Brands METB.NS, Bata India BATA.NS jump 2%-7% on govt's GST cut announcement
** For BATA, 40% of sales under 1,000 rupees to move from 12% to 5% GST, while rest mostly under 2,500 rupees, moving from 18% to 5% - Goldman Sachs
** Adds, for METB, 50% of sales under 2,500 rupees to move to 5% tax slab
** Apparel retailers Trent TREN.NS, Aditya Birla Fashion ADIA.NS, Baazar Style BAAZ.NS, Vishal Mega Mart VSSL.NS rise 2%-5%
** Trent's Zudio stores benefit as large chunk of sub-2,500 rupee apparel now taxed at 5% vs 12%
** Vishal Mega Mart gets nearly 50% revenue from apparel; Baazar Style gets 86%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** India's Aditya Birla Lifestyle Brands AITT.NS drops 6.4% to 160.03 rupees
** Stock listed at 167 rupees on National Stock Exchange of India vs discovered price of 170.95 rupees
** Aditya Birla Fashion and Retail (ABFRL) ADIA.NS hived off its flagship lifestyle brands unit as a separate entity in May, aiming to raise growth capital to strengthen its balance sheet
** AITT houses four lifestyle brands - Louis Phillippe, Van Heusen, Allen Solly and Peter England
** Motilal Oswal initiates coverage on AITT with "neutral" and PT of 190 rupees
** Brokerage expects 10% annual revenue growth rate over FY25- 28, led by acceleration in store count additions and improvement in store productivity
** ABFRL's shareholders will have identical shareholding in Aditya Birla Lifestyle Brands, ABFRL had said
(Reporting by Kashish Tandon in Bengaluru)
** India's Aditya Birla Lifestyle Brands AITT.NS drops 6.4% to 160.03 rupees
** Stock listed at 167 rupees on National Stock Exchange of India vs discovered price of 170.95 rupees
** Aditya Birla Fashion and Retail (ABFRL) ADIA.NS hived off its flagship lifestyle brands unit as a separate entity in May, aiming to raise growth capital to strengthen its balance sheet
** AITT houses four lifestyle brands - Louis Phillippe, Van Heusen, Allen Solly and Peter England
** Motilal Oswal initiates coverage on AITT with "neutral" and PT of 190 rupees
** Brokerage expects 10% annual revenue growth rate over FY25- 28, led by acceleration in store count additions and improvement in store productivity
** ABFRL's shareholders will have identical shareholding in Aditya Birla Lifestyle Brands, ABFRL had said
(Reporting by Kashish Tandon in Bengaluru)
** India's Aditya Birla Fashion and Retail (ABFRL) ADIA.NS climbs 3.1% to 253.80 rupees
** Jefferies initiates coverage on fashion retailer with "buy", PT of 315 rupees
** ABFRL is decisively shifting focus to profitable growth, says brokerage
** Adds, co's decision to split lifestyle brand Madura Fashion, which comprises Louis Phillippe, Van Heusen, Allen Solly and Peter England brands, enables "great focus" on identified line of business
** Avg rating of 19 analysts on ABFRL at "hold"; median PT is 285 rupees - data compiled by LSEG
** Stock trims YTD losses to ~9%
(Reporting by Kashish Tandon in Bengaluru)
** India's Aditya Birla Fashion and Retail (ABFRL) ADIA.NS climbs 3.1% to 253.80 rupees
** Jefferies initiates coverage on fashion retailer with "buy", PT of 315 rupees
** ABFRL is decisively shifting focus to profitable growth, says brokerage
** Adds, co's decision to split lifestyle brand Madura Fashion, which comprises Louis Phillippe, Van Heusen, Allen Solly and Peter England brands, enables "great focus" on identified line of business
** Avg rating of 19 analysts on ABFRL at "hold"; median PT is 285 rupees - data compiled by LSEG
** Stock trims YTD losses to ~9%
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Aditya Birla Fashion and Retail ADIA.NS jump 1.63% to 260.45 rupees
** Indian tribunal approvesthe demerger of co's Madura Fashion and Lifestyle Business into a separate listed entity called Aditya Birla Lifestyle Brands Ltd (ABLBL)
** Shareholders of ADIA to get one share of ABLBL for every ADIA share they own
** Demerged ABLBL has an established business model, and can pursue independent value creation, says ADIA
** Including session's rise, ADIA shares have gained 26.6% in the last 12 months
(Reporting by Ananta Agarwal in Bengaluru)
** Shares of Aditya Birla Fashion and Retail ADIA.NS jump 1.63% to 260.45 rupees
** Indian tribunal approvesthe demerger of co's Madura Fashion and Lifestyle Business into a separate listed entity called Aditya Birla Lifestyle Brands Ltd (ABLBL)
** Shareholders of ADIA to get one share of ABLBL for every ADIA share they own
** Demerged ABLBL has an established business model, and can pursue independent value creation, says ADIA
** Including session's rise, ADIA shares have gained 26.6% in the last 12 months
(Reporting by Ananta Agarwal in Bengaluru)
March 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TWO TOTAL TAX DEMAND ORDERS FOR 47.2 MILLION RUPEES, 51 MILLION RUPEES
Source text: ID:nBSE3vQ1zm
Further company coverage: ADIA.NS
(([email protected];;))
March 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TWO TOTAL TAX DEMAND ORDERS FOR 47.2 MILLION RUPEES, 51 MILLION RUPEES
Source text: ID:nBSE3vQ1zm
Further company coverage: ADIA.NS
(([email protected];;))
Feb 14 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION DEC-QUARTER CONSOL NET LOSS 513.1 MILLION RUPEES
ADITYA BIRLA FASHION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 43.05 BILLION RUPEES
Source text: ID:nBSE1fTTBs
Further company coverage: ADIA.NS
(([email protected];))
Feb 14 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION DEC-QUARTER CONSOL NET LOSS 513.1 MILLION RUPEES
ADITYA BIRLA FASHION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 43.05 BILLION RUPEES
Source text: ID:nBSE1fTTBs
Further company coverage: ADIA.NS
(([email protected];))
Feb 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TWO TAX ORDERS OF DEMAND 129.1 MILLION RUPEES , 4.2 MILLION RUPEES
Source text: ID:nBSE974B43
Further company coverage: ADIA.NS
(([email protected];;))
Feb 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TWO TAX ORDERS OF DEMAND 129.1 MILLION RUPEES , 4.2 MILLION RUPEES
Source text: ID:nBSE974B43
Further company coverage: ADIA.NS
(([email protected];;))
** Kotak double downgrades apparel retailer Trent TREN.NS to "sell" from "add"
** After stock more than doubled in value in 2023 and 2024, TREN down ~13% so far in Jan
** Says future growth priced in and "may be time to book profits"
** Kotak's analysis of top 10 cities by store count for co's Zudio chain reveals stores are in similar locations and could cannibalize each other
** Adds, while co may still close year with ~180 store additions, incremental rev per store growth may be slow
** Trims FY2025-27E rev by 1%-2% and EPS by 9%-14%
** Lowers stock's fair value to 5,850 rupees from 6,800 rupees, 5.8% below last close
** Trent up 0.7% at 6,255 rupees on Friday
** Stock rated "buy" on avg, peer Aditya Birla Fashion and Retail ADIA.NS "sell", V-Mart Retail VMAR.NS "buy" - LSEG data
(Reporting by Ananta Agarwal in Bengaluru)
** Kotak double downgrades apparel retailer Trent TREN.NS to "sell" from "add"
** After stock more than doubled in value in 2023 and 2024, TREN down ~13% so far in Jan
** Says future growth priced in and "may be time to book profits"
** Kotak's analysis of top 10 cities by store count for co's Zudio chain reveals stores are in similar locations and could cannibalize each other
** Adds, while co may still close year with ~180 store additions, incremental rev per store growth may be slow
** Trims FY2025-27E rev by 1%-2% and EPS by 9%-14%
** Lowers stock's fair value to 5,850 rupees from 6,800 rupees, 5.8% below last close
** Trent up 0.7% at 6,255 rupees on Friday
** Stock rated "buy" on avg, peer Aditya Birla Fashion and Retail ADIA.NS "sell", V-Mart Retail VMAR.NS "buy" - LSEG data
(Reporting by Ananta Agarwal in Bengaluru)
Rewrites paragraph 1 to include investors, adds details throughout from paragraph 2
Jan 15 (Reuters) - India's Aditya Birla Fashion and Retail (ABFRL) ADIA.NS will raise $500 million by selling shares, including to U.S. investment firm Fidelity, the retailer said on Wednesday.
ABFRL said it will raise $275 million by issuing preference shares, split between the retailer's controlling shareholders and Fidelity, and the remaining $225 million through a qualified institutional placement.
The Birla family, which owns the biggest stake in ABFRL via multiple entities, will buy shares worth $150 million through one such entity at 317.45 rupees per share, a 17.5% premium to the stock's last closing price.
Fidelity will buy shares worth $125 million at 272.37 rupees each, just about a 1% premium.
The Birla family's stake in ABFRL will increase to 52.78% from 49.25% after the deal, per a Reuters calculation based on latest exchange data, while Fidelity will get a fresh 3.45% stake.
ABFRL will hold an extraordinary general meeting on Feb. 13 to decide on the investment proposals, it said.
The fundraise comes ahead of ABFRL spinning off its top money-making unit, Madura Fashion and Lifestyle, into a separate listed entity that it said would improve ABFRL's financial position.
Madura Fashion, which houses the 'Peter England', 'Louis Phillippe' and 'Van Heusen' brands among others, accounts for roughly 70% of ABFRL's revenue.
ABFRL's shares were up 0.8% at 272 rupees as of 12:52 p.m. IST after initially rising 2% following the news. They have risen about 28% since ABFRL announced the demerger in April last year.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)
(([email protected]; Mobile: +91 9591011727;))
Rewrites paragraph 1 to include investors, adds details throughout from paragraph 2
Jan 15 (Reuters) - India's Aditya Birla Fashion and Retail (ABFRL) ADIA.NS will raise $500 million by selling shares, including to U.S. investment firm Fidelity, the retailer said on Wednesday.
ABFRL said it will raise $275 million by issuing preference shares, split between the retailer's controlling shareholders and Fidelity, and the remaining $225 million through a qualified institutional placement.
The Birla family, which owns the biggest stake in ABFRL via multiple entities, will buy shares worth $150 million through one such entity at 317.45 rupees per share, a 17.5% premium to the stock's last closing price.
Fidelity will buy shares worth $125 million at 272.37 rupees each, just about a 1% premium.
The Birla family's stake in ABFRL will increase to 52.78% from 49.25% after the deal, per a Reuters calculation based on latest exchange data, while Fidelity will get a fresh 3.45% stake.
ABFRL will hold an extraordinary general meeting on Feb. 13 to decide on the investment proposals, it said.
The fundraise comes ahead of ABFRL spinning off its top money-making unit, Madura Fashion and Lifestyle, into a separate listed entity that it said would improve ABFRL's financial position.
Madura Fashion, which houses the 'Peter England', 'Louis Phillippe' and 'Van Heusen' brands among others, accounts for roughly 70% of ABFRL's revenue.
ABFRL's shares were up 0.8% at 272 rupees as of 12:52 p.m. IST after initially rising 2% following the news. They have risen about 28% since ABFRL announced the demerger in April last year.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)
(([email protected]; Mobile: +91 9591011727;))
Jan 10 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
BOARD TO CONSIDER FUNDRAISING PROPOSAL VIA EQUITY AND SECURITIES ISSUE
FUNDRAISING MAY INCLUDE QIP, RIGHTS ISSUE, OTHER MODES
Source text: ID:nBSE3KYphg
Further company coverage: ADIA.NS
(([email protected];;))
Jan 10 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
BOARD TO CONSIDER FUNDRAISING PROPOSAL VIA EQUITY AND SECURITIES ISSUE
FUNDRAISING MAY INCLUDE QIP, RIGHTS ISSUE, OTHER MODES
Source text: ID:nBSE3KYphg
Further company coverage: ADIA.NS
(([email protected];;))
Dec 12 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION AND RETAIL - GST ORDER IMPOSES TOTAL DEMAND OF 8.7 MILLION RUPEES
Source text: ID:nBSE86W38T
Further company coverage: ADIA.NS
(([email protected];))
Dec 12 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION AND RETAIL - GST ORDER IMPOSES TOTAL DEMAND OF 8.7 MILLION RUPEES
Source text: ID:nBSE86W38T
Further company coverage: ADIA.NS
(([email protected];))
Dec 5 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS GST DEMAND OF 24.5 MILLION RUPEES
Source text: [ID:]
Further company coverage: ADIA.NS
(([email protected];;))
Dec 5 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS GST DEMAND OF 24.5 MILLION RUPEES
Source text: [ID:]
Further company coverage: ADIA.NS
(([email protected];;))
Nov 22 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - GETS TOTAL TAX DEMAND OF 24.6 MILLION RUPEES
Source text: ID:nNSE9r0hpd
Further company coverage: ADIA.NS
(([email protected];))
Nov 22 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION - GETS TOTAL TAX DEMAND OF 24.6 MILLION RUPEES
Source text: ID:nNSE9r0hpd
Further company coverage: ADIA.NS
(([email protected];))
Nov 7 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION SEPT-QUARTER CONSOL NET LOSS 1.86 BILLION RUPEES
ADITYA BIRLA FASHION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 36.44 BILLION RUPEES
Source text: ID:nNSE1CT6JP
Further company coverage: ADIA.NS
(([email protected];))
Nov 7 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
ADITYA BIRLA FASHION SEPT-QUARTER CONSOL NET LOSS 1.86 BILLION RUPEES
ADITYA BIRLA FASHION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 36.44 BILLION RUPEES
Source text: ID:nNSE1CT6JP
Further company coverage: ADIA.NS
(([email protected];))
Oct 30 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
NO OBJECTION FROM BSE, NSE FOR ARRANGEMENT WITH ADITYA BIRLA LIFESTYLE BRANDS
Source text: ID:nBSEb14Cy3
Further company coverage: ADIA.NS
(([email protected];))
Oct 30 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
NO OBJECTION FROM BSE, NSE FOR ARRANGEMENT WITH ADITYA BIRLA LIFESTYLE BRANDS
Source text: ID:nBSEb14Cy3
Further company coverage: ADIA.NS
(([email protected];))
Oct 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
UNIT INFUSED 750 MILLION RUPEES INTO WROGN PRIVATE LIMITED
UNIT INCREASED SHAREHOLDING IN WROGN FROM EXISTING 17.10% TO 32.84%
Source text for Eikon: ID:nBSE4MhNpk
Further company coverage: ADIA.NS
(([email protected];;))
Oct 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
UNIT INFUSED 750 MILLION RUPEES INTO WROGN PRIVATE LIMITED
UNIT INCREASED SHAREHOLDING IN WROGN FROM EXISTING 17.10% TO 32.84%
Source text for Eikon: ID:nBSE4MhNpk
Further company coverage: ADIA.NS
(([email protected];;))
Aug 28 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TOTAL TAX DEMAND FOR 251.4 MILLION RUPEES
Source text for Eikon: ID:nNSE3wLJHB
Further company coverage: ADIA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Aug 28 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:
GETS TOTAL TAX DEMAND FOR 251.4 MILLION RUPEES
Source text for Eikon: ID:nNSE3wLJHB
Further company coverage: ADIA.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
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Popular questions
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What does Aditya Birla Fashion do?
ABFRL is a leading company formed after the consolidation of Aditya Birla Group's branded apparel businesses, specializing in manufacturing and retailing branded apparels and accessories through a chain of stores in India.
Who are the competitors of Aditya Birla Fashion?
Aditya Birla Fashion major competitors are Ethos Ltd., V2 Retail, Arvind Fashions, Aditya Vision, V-Mart Retail, Bata india, Electronics Mart Ind. Market Cap of Aditya Birla Fashion is ₹7,226 Crs. While the median market cap of its peers are ₹7,095 Crs.
Is Aditya Birla Fashion financially stable compared to its competitors?
Aditya Birla Fashion seems to be less financially stable compared to its competitors. Altman Z score of Aditya Birla Fashion is 1.09 and is ranked 8 out of its 8 competitors.
Does Aditya Birla Fashion pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Aditya Birla Fashion latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Aditya Birla Fashion allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Aditya Birla Fashion balance sheet?
Aditya Birla Fashion balance sheet is weak and might have solvency issues
Is the profitablity of Aditya Birla Fashion improving?
The profit is oscillating. The profit of Aditya Birla Fashion is -₹800.58 Crs for TTM, -₹375.82 Crs for Mar 2025 and -₹628.02 Crs for Mar 2024.
Is the debt of Aditya Birla Fashion increasing or decreasing?
Yes, The net debt of Aditya Birla Fashion is increasing. Latest net debt of Aditya Birla Fashion is ₹1,214 Crs as of Mar-26. This is greater than Mar-25 when it was -₹91.17 Crs.
Is Aditya Birla Fashion stock expensive?
Aditya Birla Fashion is not expensive. Latest PE of Aditya Birla Fashion is 0, while 3 year average PE is 18.57. Also latest EV/EBITDA of Aditya Birla Fashion is 12.29 while 3yr average is 17.72.
Has the share price of Aditya Birla Fashion grown faster than its competition?
Aditya Birla Fashion has given lower returns compared to its competitors. Aditya Birla Fashion has grown at ~-32.34% over the last 3yrs while peers have grown at a median rate of 14.97%
Is the promoter bullish about Aditya Birla Fashion?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Aditya Birla Fashion is 46.61% and last quarter promoter holding is 46.61%.
Are mutual funds buying/selling Aditya Birla Fashion?
The mutual fund holding of Aditya Birla Fashion is increasing. The current mutual fund holding in Aditya Birla Fashion is 5.61% while previous quarter holding is 5.44%.