BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Aditya Birla Fashion and Retail Ltd.’s revenues grew 151% YoY (above our estimate of 105%) to Rs 8.1 billion in Q1 FY22.
The recovery was swifter compared to the first wave, driven by a higher number of operational days and continued robust growth in the e-commerce channel.
Despite the loss of operations for a month in Q1 FY22, Aditya Birla Fashion’s sales recovered to ~40% of the pre-Covid-19 base of Q1 FY20.
As of July 26, 2021, 2,150 stores (~65% of the total retail network) had resumed partial operations.
Lifestyle and Pantaloons revenues more than doubled over last year.
‘Others’ business grew 155% YoY led by ~two times growth in the innerwear segment.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.