India's Aditya Birla Fashion and Retail ADIA.NS reported a narrower adjusted fourth-quarter loss on Monday, helped by growth in its core fast-fashion business.
The retail and fashion unit of the Aditya Birla group posted 1.64 billion rupees ($17.22 million) as net loss after tax from continuing operations for the quarter ended March 31, from 1.71 billion rupees a year earlier
Revenue from operations rose 15.7% year-on-year to 19.90 billion rupees
Revenue from its Pantaloons retail unit grew 19% year-on-year, and that from its ethnic wear segment, which includes brands such as Sabyasachi and House of Masaba, rose 3%
Aditya Birla Fashion and Retail added 70 new stores over the quarter, expanding its retail footprint
The firm said demand remained in line with the previous quarter, but flagged geopolitical factors as a risk to input costs and consumer sentiment.
Total expenses for the quarter rose 16%
Aditya Birla Fashion and Retail spun off its Madura Fashion unit, which housed flagship lifestyle brands including Louis Philippe, Van Heusen and Peter England, into a separate listed entity in 2024
The unit, which was not fully demerged until 2025, contributed 18.78 billion rupees to the company's topline in the same quarter last year. 70% of Aditya Birla Fashion's revenue came from the unit
Peer Trent TREN.NS posted higher quarterly profit last month on strong demand, while Shoppers Stop SHOP.NS posted a loss amid weak discretionary spending and macro pressures.
($1 = 95.2300 Indian rupees)
(Reporting by Bipasha Dey and Abhirami G in Bengaluru; Editing by Janane Venkatraman)
((Bipasha.Dey@thomsonreuters.com))