Pantaloons - ABFRL (2024)

FAQs

Did Pantaloons sell to Aditya Birla? ›

In 2012, Aditya Birla Nuvo acquired major stakes in Pantaloons. In 2015, Pantaloons was renamed Aditya Birla Fashion and Retail Ltd. (ABFRL).

Shoppers Stop is perceived as one of Pantaloons's biggest rivals. Shoppers Stop was founded in 1991 in Mumbai, Maharashtra. Shoppers Stop is in the Fashion, Apparel & Accessories field. Shoppers Stop generates $269.4M more revenue than Pantaloons.

Q3-2024 Analysis

ABFRL's Q3 reflects a challenging market with subdued consumer spending due to inflation. Despite this, the company's agile strategy and impactful brand campaigns drove a 16% rise in revenue to INR 4,167 crores, and at a standalone level, sales increased by 5% to INR 3,516 crores.

With over 24 years of retailing experience, Pantaloons, a division of Aditya Birla Fashion and Retail Ltd. is one of the most loved fashion brands in India with 344+ stores spread across 170+ towns and cities in the country.

Sangeeta Pendurkar, CEO, Pantaloons, Aditya Birla Group | Jury - IMA 2023.

In 2012, Aditya Birla Nuvo had entered into an agreement with the Future Group to infuse Rs 1,600 crore into Pantaloons and acquire a majority stake in the store chain.

According to Wall Street analysts, the average 1-year price target for ABFRL is 278.46 INR with a low forecast of 202 INR and a high forecast of 360.15 INR.

Anchored by an extraordinary force of over 187,000+ employees of 100 nationalities, the Group is built on a solid foundation of stakeholder value creation.

ABFRL's MFL Brands are home to some of India's most loved brands – Louis Philippe, Van Heusen, Allen Solly, Peter England, Reebok, Forever 21, Simon Carter and American Eagle – catering to India's Premium Consumers.

Summary. The company reported a net loss of ₹108 crore in Q3FY24 compared to a net profit of ₹11 crore in Q3FY23. The management attributed this to the increase in interest costs from higher borrowing.

What is the net worth of Abfrl? ›

In fiscal year 2023, Aditya Birla Fashion Retail Limited reported a net worth of 37.87 billion Indian rupees, up from about 10.86 billion Indian rupees from the fiscal year 2020. Aditya Birla Fashion Retail Limited is an Indian fashion retail company with headquarters in Mumbai.

Mr. Kumar Mangalam Birla is the Chairman of the Indian multinational Aditya Birla Group, which operates in 40 countries across six continents. He is a Chartered Accountant and holds an MBA degree from the London Business School.

Applause Entertainment, a venture of the Aditya Birla Group of Companies, headed by Sameer Nair is a media, content and IP creation studio.