Q1 2025 Aditya Birla Fashion and Retail Ltd Earnings Call Transcript
Key Points
- Aditya Birla Fashion and Retail Ltd (BOM:535755) achieved a revenue of INR3,428 crore in Q1 FY25, reflecting a growth of 7% over last year.
- The company's consolidated EBITDA increased by 15% year-on-year to INR406 crore, with an 11.8% margin.
- Both Lifestyle and Pantaloons businesses witnessed margin expansion due to gross margin improvement and effective cost control measures.
- The ethnic and digital-first portfolio more than doubled their revenues, driven by both organic and inorganic growth.
- Pantaloons' EBITDA margin expanded by 470 basis points to 17.6%, driven by markdown management and cost control measures.
- The overall consumption environment remained weak, particularly impacting the apparel market due to a subdued wedding season and prolonged heat wave.
- The company's consolidated PAT was negative INR215 crore, mainly due to continued investment in TMRW and ethnic businesses.
- The innerwear and athleisure segment showed varied performance, with athleisure still degrowing despite some signs of recovery.
- TCNS revenue stood at 84% of last year, mainly due to network rationalization and ongoing transformation programs.
- The company reported increased consolidated losses on a quarter-on-quarter basis, primarily due to the addition of TCNS and increased losses in TMRW.
Ladies and gentlemen, good day, and welcome to the first quarter earnings conference call of Aditya Birla Fashion and Retail Limited. The call will begin with a brief discussion by the company's management on the Q1 FY25 performance, followed by a question-and-answer session.
We have with us today Mr. Ashish Dikshit, Managing Director; Mr. Jagdish Bajaj, CFO; Mr. Vishak Kumar, Director and CEO, Lifestyle Business; and Mrs. Sangeeta Tanwani, Director and CEO, Pantaloons.
I want to thank the management team on behalf of all participants for taking valuable time to be with us. I must remind you that today's discussion may include certain forward-looking statements and must be viewed, therefore, in conjunction with the risks that the company faces. Please restrict your questions to the quarter and full yearly performance and to strategic questions only. Housekeeping questions can be dealt separately with the IR team.
With this, I hand the conference over to Mr. Jagadish Bajaj. Thank you and over to you.
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