Last Updated:June 04, 2025, 09:44 IST
Shares of Aditya Birla Fashion & Retail (ABFRL) fell 8% to Rs 80 on June 4 as about 20 lakh shares changed hands via block deal
ABFRL Shares In Focus
ABFRL Share Price: Shares of Aditya Birla Fashion & Retail (ABFRL) fell 8% to Rs 80 on June 4 as about 20 lakh shares changed hands during the pre-open block deal window.
Reports indicate that Walmart-owned Flipkart is planning to divest its entire 6% stake in ABFRL through a block deal valued at nearly Rs 600 crore. Goldman Sachs is said to be brokering the transaction.
Flipkart Investments is registered as a Category II foreign portfolio investor in India. The stake sale aligns with Flipkart’s broader portfolio reshuffling strategy, reflecting shifting priorities in India’s dynamic retail sector.
In its March quarter results, ABFRL reported a consolidated net loss of Rs 23.55 crore, significantly narrower than the Rs 266.36 crore loss in the same period last year. Revenue from operations rose to Rs 1,719.48 crore from Rs 1,575.12 crore a year ago, while total expenses came in at Rs 1,959.53 crore.
The company’s EBITDA jumped nearly sixfold to Rs 205 crore from Rs 35 crore in the year-ago period, driven by strong margin improvements in its Pantaloons and ethnic wear segments. EBITDA margin expanded to 12% in Q4FY25, up from 2.2% last year.
As a major player in India’s fashion retail landscape, ABFRL’s portfolio includes well-known brands like Pantaloons, Allen Solly, and various domestic and international labels. Its performance is often seen as a bellwether for the broader retail and apparel market in India.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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