Branded apparel makers post steady profit growth in December quarter

There are generally three major channels through which branded apparel is sold in the country - well-established distribution networks, company owned or franchisee stores and large format stores

Branded apparel makers reported a steady increase in their profit margins in the December quarter on the back of increased sales in the festive season.

Data compiled by the global consultancy, Wazir Advisors, showed that Aditya Birla Fashion & Lifestyle reported a 2.2 per cent jump in earnings before interest, taxes, depreciation and amortization (EBITDA) margins for the quarter ended December 2018 as against 1.2 per cent posted in the previous quarter. The company had posted negative EBIDTA margins of 1.2 per cent for the quarter ended June 2018.

Similarly, Gokaldas Export and Page Industries reported 4.3 per cent and