Aditya Birla Fashion and Retail Ltd.(NSE: ABFRL)| Q3 FY23 Results Out| Total Income rises 20% yoy

Aditya Birla Fashion and Retail Limited (NSE: ABFRL) is a leading fashion and lifestyle company in India. It operates through several retail brands, including Louis Philippe, Allen Solly, Peter England, and Van Heusen, among others. The company is focused on providing high-quality fashion and lifestyle products to its customers, through both online and offline channels. ABFRL has a strong presence in India and has been growing its business by expanding its retail footprint and improving its supply chain operations.

Aditya Birla Fashion and Retail Ltd. announced strong results for Q3FY23 with 20% YoY growth in revenue and consolidated quarterly EBITDA at Rs 467 crore. The company continued with its network expansion, adding 245 stores to its branded business and 10 stores to its Pantaloons network, with a focus on small-town format. The company also has a strong digital presence with 33% YoY growth in e-commerce sales and omnichannel coverage across 2350 stores. Reebok was also integrated into ABFRL, and TMRW announced a strategic partnership with eight digital-first brands.