1. ABFRL Q1 net loss narrows to Rs 21 cr

ABFRL Q1 net loss narrows to Rs 21 cr

ABFRL's total income from operations stood at Rs 1,415.12 crore during the quarter under review, up 8.28 per cent as against net sales of Rs 1,306.86 crore in the same quarter of previous fiscal

By: | New Delhi | Published: August 31, 2016 4:49 PM
aditya birla group, pantaloons, retail shops, forever 21 ABFRL’s total income from operations stood at Rs 1,415.12 crore during the quarter under review, up 8.28 per cent as against net sales of Rs 1,306.86 crore in the same quarter of previous fiscal (Reuters)

Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, today reported a net loss of Rs 20.82 crore for the first quarter ended June 30.

The company had reported a net loss of Rs 67.88 crore in the same period last year.

ABFRL’s total income from operations stood at Rs 1,415.12 crore during the quarter under review, up 8.28 per cent as against net sales of Rs 1,306.86 crore in the same quarter of previous fiscal.

During the quarter, the company acquired online and offline rights of the global brand Forever 21 for the Indian market and its existing store network in India from the current franchise Diana Retail Pvt Ltd.

The stock of the company plunged by 6.06 per cent to Rs 155.85 on BSE.

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