Aditya Birla Fashion Retail unveils growth strategy at investor day

Aditya Birla Fashion and Retail (ABFRL) detailed its future growth plans at its Investor Day today, emphasizing its commitment to leveraging India's expanding fashion and lifestyle market. Key strategies include building brands, expanding distribution networks, and enhancing digital capabilities. ABFRL highlighted its diversified portfolio of brands across categories like Western wear, Ethnic wear, and Luxury retail, aiming to cater to a wide range of consumer needs and evolving preferences. The company reported FY24 revenue of INR 13,996 Cr and EBITDA of INR 1,703 Cr, supported by over 4,492 stores. ABFRL also outlined its plans post-demerger of Madura business to focus on high-growth segments and achieve profitable growth through operational efficiencies and a dynamic leadership team. The company highlighted its focus on sustainability and social responsibility, underpinned by its 'Re-Earth' strategy.