Aditya Birla Fashion & Retail Ltd. the company which owns iconic brands such as Louis Phillippe, Van Heusen, Allen Solly, etc. and department store chain Pantaloons, has reported Rs. 12,418 Cr in consolidated revenues for FY 22-23. This was a growth of 53% over the previous financial year.
The company also reported its highest ever Earnings before interest, taxes and depreciation at Rs. 1,617 Cr for the year. According to the company’s annual investor report, there was a net addition of 500 stores across the country. Standalone PAT for the year stood at Rs. 133 Cr despite advertising spends doubling over the last year.
ABFRL operates 3,546 stores across the country including 431 Pantaloon stores and 6,723 shop-in shops within department store chains such as Shoppers Stop, Lifestyle, etc. The company has a total retail presence of 10.8 mn sq ft.
The innnerwear segment saw the highest network expansion with an addition of 900 Multi-Brand Outlets (MBOs) during the year, taking the total availability to ~32,000 points of sales across India.

Lifestyle brands account for over 45% of the group turnover at Rs. 6,608 Cr while Pantaloon Department store reported a turnover of Rs. 4,068 Cr during the 12-month period ending 31 Mar. ‘23. Branded stores count crossed 2,650 stores, which relates to approx. Rs. 2.5 Cr per store pa driving higher franchisee profitability.
During the financial year that passed by, several stores of Louis Phillipe and Van Heusen were renovated with additional space, especially in top malls. The increase in space has witnessed a significant incremental sales, which is not the case for many other similar brands.
Lifestyle brands reported a growth of 46% while Pantaloons grew 55% over the previous year. It must be noted that during FY 21-22, there was intermittent closure of retail stores across India due to the second wave of the pandemic.
Ethnicwear subsidiaries including TASVA as well as other labels such as Shantnu & Nikhil, Jaypore, Sabyasachi, Masaba, etc. grew a whopping 84% on the back of one of the top-festival season sales during Q3 FY 22-23.

According to the company’s Investor Presentation, womenswear has grown 70% over the last year. This matches well with back to work in several metro cities, due to which consumers are preferring a wardrobe makeover after a gap of 3 years.