Accenture will design, develop, and deploy an ERP system based on SAP S/4HANA to streamline business processes, improve visibility and accessibility of data across ABFRL
The system will be designed to enhance customer service by combining ABFRL's manufacturing and retail functions into a digital core for fashion and vertical business, it said
ABFRL will look at buying out a majority stake in D-2-C brands it will invest in as it has done in the past in its other investments.
Venture will initially be funded through ABFRL's internal accruals and at an appropriate time, the firm will look to bring in external capital to accelerate growth
Aditya Birla Fashion and Retail Ltd on Friday reported over a three-fold jump in its net profit to Rs 196.80 crore for the third quarter ended December 31. The company had posted a net profit of Rs 58.44 in the year-ago quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Its revenue from operations rose 43.87 per cent to Rs 2,987.10 crore during the quarter under review, against Rs 2,076.19 crore in the corresponding period of the previous fiscal. ABFRL's total expenses increased 36.52 per cent to Rs 2,744.35 crore in the quarter, from Rs 2,010.17 crore a year ago. Its revenue from Madura Fashion & Lifestyle segment surged 57.59 per cent to Rs 1,990.52 crore, compared to Rs 1,263.10 crore in the year-ago quarter. Pantaloons' revenue increased 31.45 per cent to Rs 1,066.43 crore, against Rs 811.27 crore. Shares of Aditya Birla Fashion and Retail Ltd on Friday closed 2.91 per cent lower at Rs 295.30 apiece on the BSE.
Aditya Birla Fashion and Retail Ltd on Friday said it will acquire a 51 per cent majority shareholding in brand 'Masaba' promoted by designer Masaba Gupta for a cash consideration of Rs 90 crore.
Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday announced collaboration with Germany's GIZ, a move aimed at strengthening circular business practices for the Indian market.
Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.
The near term, however, could see higher investments in marketing, expansion
The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)
This deal marks ABFRL's foray into India's fast-growing sports and activewear segment
This deal marks a foray for ABFRL into India's fast-growing sports and activewear segment.
Shares of ABFRL jumped 4.6% to 279 rupees after the announcement
Leading fashion retail firm Aditya Birla Fashion and Retail Ltd (ABFRL) is targeting to hit Rs 25,000 crore revenue after five years, according to its Chairman Kumar Mangalam Birla.
Shares of the company were up for 8th straight day, its longest winning streak in nearly six years
Ties up with designer Tarun Tahiliani; second deal in a month
The firm on Monday reported a consolidated net profit of Rs 58.55 crore for the quarter ended December
Sabyasachi is India's largest and most influential luxury designer brand and engaged in categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle
Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities