Page 2 - Aditya Birla

Aditya Birla Capital Q2FY24 result: Net profit at Rs 705 cr; income up 13%

Aditya Birla Capital Q2 result: The company's revenue from operations was up 13.04 per cent to Rs 7,720.66 crore during the quarter under review against Rs 6,829.82 crore last year

Ultratech Cement Ltd Q2FY24 result: Net profit jumps 68% YoY to Rs 1,280 cr

The revenue from operations for Q2FY24 came in at Rs 16,012.13 crore, compared to Rs 13,892.69 crore year-on-year

Birla Carbon acquires Belgium based Nanocyl for undisclosed amount

Aditya Birla group firm Birla Carbon on Wednesday announced the acquisition of Belgium-based Nanocyl SA for an undisclosed amount. The acquisition will help the Aditya Birla group firm to drive Growth in battery materials for lithium-ion batteries, said a joint statement from Birla Carbon and Nanocyl. Birla Carbon is a leading manufacturer and supplier of high-quality carbon solutions. "The acquisition expands Birla Carbon's presence in the Energy Systems market, creating a leadership position in material critical to Lithium Ion battery performance, along with other conductive applications," the statement said. The inclusion of Nanocyl's advanced multi-wall carbon nanotubes (MWCNTs) provides Birla Carbon with a remarkable range of solutions for conductive applications, it added. Financial details of the deal were not disclosed. "Birla Carbon has been nurturing a number of innovation opportunities in its effort to realise its multi-prong sustainability agenda. The acquisition of .

Aditya Birla Fashion & retail to raise Rs 750 cr on or after September 4

Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail (ABFRL) said in a regulatory filing. "The Company proposes to raise funds by issuing 75,000 listed, unsecured, rated, redeemable non-convertible debentures of face value of Rs 1,00,000 (Rupees One Lakh only) each issued at par aggregating to Rs 7,50,00,00,000 (Rupees Seven Hundred Fifty Crores Only), on private placement basis, on or after September 4, 2023," the filing said. In a separate filing, the company said that it has completed the acquisition of a 29 per cent stake in TCNS Clothing Co Limited pursuant to the open offer. The 29 per cent stake is estimated to be over Rs 941 crore. As per an earlier announcement, ABFRL acquired a 51 per cent stake in TCNS for about Rs 1,650 crore.

UltraTech Cement FY23 sales grow by 12.4% to 105.7 million tonnes

Leading cement maker UltraTech's consolidated sales rose by 12.4 per cent to 105.7 million tonnes (MT) in FY2022-23, Aditya Birla group firm said in a regulatory filing on Saturday. The company produced 94 MT of cement in FY22. Its total sales volume in the domestic market also crossed 100 MT for the financial year that ended on March 31, 2023. UltraTech's total sales volume for the India market in FY23 was at 101.7 MT, up 13.63 per cent compared to 89.5 MT a year ago. "We are pleased to inform the company has achieved 100 million tonnes of production, despatches and sales in FY23," it said. Its grey cement production in the domestic market was at 100.1 MT in FY23, reporting 13.75 per cent growth while its white cement production was 1.5 MT, up 11 per cent. UltraTech's overseas production, mainly grey cement was 4.4 MT in FY23. For the fourth quarter that ended on March 31, 2023, UltraTech's total consolidated sales volume was at 31.7 MT and its India volume was at 30.5 MT. Ult

Aditya Birla Group expands its portfolio, adds four restaurant brands

Aditya Birla New Age Hospitality (ABNAH) has added four restaurant brands, namely Hakkasan, Yauatcha, Nara Thai, and CinCin to its portfolio

SBI Caps asks ARCs to make final offers for Vidarbha Industries' debt

Aditya Birla ARC has joined hands with Varde Partners of Singapore to acquire the company's debt, said a banking source

UltraTech Cement Q1 results: Net profit jumps 6.5%, revenue up 16.9%

The profit before interest, depreciation and tax was Rs 3,223 crore, compared to Rs 3,204 crore year-on-year (YoY)

Aditya Birla ARC leads race to buy Anil Ambani firm Vidarbha's debt

Firm is a Reliance Power subsidiary that owes Rs 2,569 cr as principal amount to banks

Aditya Birla Group to launch branded jewellery retail business in India

The company will invest Rs 5,000 crore to set up large-format exclusive jewellery retail stores with in-house jewellery brands across the country

Hindalco likely to hike domestic capex in FY24 on robust demand

Company has spent Rs 2,700 crore in India in FY23, MD Satish Pai said; will be higher next year

Aditya Birla Group announces entry into premium casual dining space

The Aditya Birla Group on Wednesday said it has entered into the premium casual dining space, a fast-growing segment in the organised food services market. The group's hospitality arm housed under Aditya Birla New Age (ABNA) has collaborated with India's well-known chef restaurateur Rahul Akerkar and will build premium casual dining restaurant chains across India. ABNA, promoted by Aryaman Vikram Birla, son of Chairman Aditya Vikram Birla, aspires to create a preferred house of F&B brands in India under its umbrella. "High disposable income among the rising middle class in India, and the expansion of the urban cosmopolitan lifestyle is driving the boom in dining out behaviour. Therefore, the demand for premium casual dining restaurants (PCDR) is expected to increase across India as consumers seek new dining experiences," Aditya Birla Management Corporation director and ABNA Founder Aryaman Vikram Birla said. Akerkar is a chef restaurateur entrepreneurs and joined ABNA's ...

BS BFSI Insight Summit 2022: NBFC bigshots to speak on prospects ahead

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

Aditya Birla Group led incubator buys majority stake in 8 lifestyle brands

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Nippon Life, RCAP Administrator, Aditya Birla Sun Life war for RNLIC stake

The sale of RCAP 51 stake in RNLIC, in the ongoing Corporate Insolvency Resolution Process, has pitched Nippon Life of Japan against RCAP Administrator and Aditya Birla Sun Life Insurance

Aditya Birla to bring luxury department stores Galeries Lafayette to India

Flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands

Nippon Life-Birla Sun Life merger talks fail ahead of RCap deal deadline

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

Aditya Birla Fashion Q2 revenue up 50%, hits lifetime high; profit rises 6x

ABFRL is aggressively expanding its network across brands with Pantaloons adding 21 outlets on a net basis and the branded business taking the store count up by 85

Indian saree market sees big corporates battling traditional players

Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players

Aditya Birla Capital joins race to acquire life insurer Reliance Nippon

Reliance Capital holds 51 per cent stake in RNLIC and Nippon Life of Japan the rest