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Mixed bag for Aditya Birla Retail

Losses narrowed to Rs 21 crore compared with a loss of Rs 68 crore in the year-ago period

Cotton and tusser products by women weave at the exhibition
Cotton and tusser products by women weave at the exhibition

IthasbeenamixedbagforAdityaBirlaFashion&Retail,earlierknownasPantaloonsFashion&Retail,inthefirstquarterofthecurrentfinancialyear. WhileitslargerunitMaduraFashion&Lifestyle,whichretailsbrandssuchasLouisePhilippeandVanHeusan,sawdipinnetsalesandEBIDTA,itsdepartmentchainPantaloonsseemstobeinchingclosertoprofitabilityfouryearsafteritwasacquiredfromKishoreBiyani'sFuturegroup. Attheoveralllevel,lossesatABFLnarrowedtoRs21croreinQ1FY17ascomparedtoalossofRs68croreinQ1FY16.Revenueswent ...