Indian fashion conglomerate, Aditya Birla Fashion and Retail (ABFRL), has reported its highest quarterly turnover for the three months to September 30 with 50 per cent growth year on year at US$373.7 million and 33 per cent growth over pre-Covid levels. 

Consolidated EBITDA for the quarter rose 24 per cent year on year to $50.8 million. Meanwhile, the consolidated net profit increased from $607,659 to $3.5 million. E-commerce revenue surged 24 per cent year on year across the portfolio. 

The fashion company said the rise in revenue results from the festive season and consistent e-commerce performance. 

“ABFRL remains optimistic about the overall consumption of fashion products for the rest of the years,” the company said in a statement. “…ABFRL continues to see strong growth opportunities ahead.”

During the quarter, the company added Reebok to its portfolio. 

As of the end of September, ABFRL had a network of 3593 stores, a presence in 31,734 multi-brand outlets along with 6491 points of sales in department stores across the country. The company’s portfolio includes Pantaloons,  Louis Philippe, Van Heusen, Allen Solly and Peter England. 

ABFRL also has long-term exclusive partnerships with select brands such as Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21 and American Eagle.