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Aditya Birla Fashion and Retail (ABFRL) has announced its financial results for the latest quarter, approved at a recent board meeting. The company reported a Total Income of ₹1,831.46 Cr from continuing operations, with a Net Loss of ₹233.73 Cr. A major development is the demerger of the Madura Fashion & Lifestyle Business, now transferred to Aditya Birla Lifestyle Brands. Shareholders received one share of the new entity for every one ABFRL share held, and the new shares are now listed. ABFRL also increased its stake in subsidiary House of Masaba Lifestyle by investing ₹40 Cr and in Finesse International Design by acquiring 2% for ₹2.50 Cr.
All announcements from Aditya Birla Fashion and Retail Limited