Aditya Birla Fashion and Retail on Wednesday received a GST demand Of Rs 2.45 crore, said the company in an exchange filing. The breakdown equated to tax of Rs 76,96,963, interest of Rs 91,21,217 and a penalty of Rs 76,96,963. The company said there is no impact on financials, operations or other activities of the…
Representative image Homegrown premium fashion label Rare Rabbit, which raised its first external funding this year, zoomed past the Rs 600-crore revenue milestone in FY24 while its net profit more than doubled. Bengaluru-based Radhamani Textiles, which owns men’s fashion brand Rare Rabbit and women’s brand Rareism, closed FY24 with Rs 637 crore in operating revenue…
Representative Image Aditya Birla Digital Fashion Ventures Ltd, a wholly owned subsidiary of Aditya Birla Fashion and Retail Ltd, has invested Rs 75 crore in Wrogn, the men’s wear brand backed by Accel and cricketer Virat Kohli. “ABDFVL, a wholly owned subsidiary of the company, has infused Rs 75 crore of the final remaining portion…
Representative image Aditya Birla Fashion and Retail Ltd on Wednesday reported a widening of consolidated loss after tax at Rs 214.92 crore in the first quarter ended June 30, 2024, impacted by higher expenses in a subdued consumption environment. The company had posted a consolidated net loss after tax of Rs 161.62 crore in the…
For a country which provides 25% of the world’s cotton, sustainability has been a long traditional approach. However, as the world and India push the eco-friendly theme towards the mainstream, green skills and talent is on the rise. Naresh Tyagi, Chief Sustainability Officer, Aditya Birla Fashion and Retail Ltd, gives a view of the existing…
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
Paridhi Joshi, Assistant Vice President, FNP – Retail New Delhi: Gifting brand FNP (formerly Ferns N Petals) has appointed Paridhi Joshi as assistant vice president (AVP) – retail, it announced in a press release on Wednesday. Joshi comes with an experience of 14 years in the retail industry. She has previously worked with Mensa Brands,…
Representative image Aditya Birla Fashion and Retail Ltd on Thursday reported a consolidated net loss of Rs 200.34 crore for the second quarter ended September 2023. The company had a net profit of Rs 29.42 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Aditya Birla Fashion and Retail…
New Delhi: Louis Philippe, a premium menswear brand owned by the Aditya Birla Group, has forayed into the Middle East region with the opening of the brand’s newest outlet in the UAE. Besides, Aditya Birla Fashion and Retail Ltd (ABFRL) plans to increase its retail footprint by launching several additional Exclusive Brand Outlets (EBOs) of…
Representative Image New Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail (ABFRL) said in a regulatory filing. “The Company proposes to raise funds…
