Aditya Birla Fashion and Retail on Thursday reported a net loss of Rs 410 crore in the first quarter of the current financial year against a profit of Rs 22 crore in the year-ago period.
The revenue was down by over 84 per cent at Rs 323 crore in Q1 FY21 against Rs 2,065 crore in Q1 FY20.
The company posted earnings before interest, tax, depreciation and amortisation (EBITDA) loss at Rs 182 crore against Rs 332 crore year-on-year.
The June quarter has been one of the most challenging quarters for the company and for the overall Indian apparel industry, it said, with