Q4FY21 Result Update - Aditya Birla Fashion and Retail - ICICI Direct

ABFRL witnessed a healthy recovery in the most of Q4FY21 on the back of pent-up demand. However a resurgence of the second wave of Covid-19 in the later part of March 2021 negatively impacted customer footfalls and decelerated the pace of growth. Revenue for Q4Y21 (standalone) de-grew marginally by 1.9% YoY to Rs. 1783.6 crore. Adjusting for the base effect, recovery rate was at ~85% in Q4FY21. Better product mix and tighter markdown management led gross margins to improve ~200 bps YoY to 53.3%. Sustained rationalisation of fixed overheads (employee and rental expenses down 20% and 18% YoY, respectively) resulted in ABFRL reporting EBITDA (post Ind-AS 116) of Rs. 257 crore (up 65% YoY). At the PBT level, the company narrowed down its losses from Rs. 178 crore in Q4FY20 to Rs. 89.4 crore (I-direct estimate: loss of Rs. 75 crore). ABFRL, during the year, received equity infusion worth Rs. 2250 crore (rights issue, preferential issue), which was mainly utilised towards significantly retiring debt in FY21.

For details, click on the link below: Link to the report

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.195.15 as compared to the previous close of Rs. 191.05. The total number of shares traded during the day was 328774 in over 3704 trades.

The stock hit an intraday high of Rs. 196.8 and intraday low of 181.7. The net turnover during the day was Rs. 63063105.

Source : Equity Bulls

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