NUVORevenue and EBITDA surged 17 and 52 per cent, respectively from a year ago quarter at the fashion and lifestyle business of Kumar Mangalam Birla led, Aditya Nuvo, in the second fiscal quarter ended September, 30, 2014.

Led by revenue growth and margin expansion across all the three formats – Madura, Pantaloons and Jaya Shree Textiles, its revenue rose 17 per cent to Rs 1,892 crore, while EBITDA soared 52 per cent to Rs 236 crore in the second quarter of fiscal 2014-15.

The Madura format’s revenue leapt 25 per cent year-on-year to Rs 1,051 crore, driven by double digit volume growth and EBITDA augmented by 37 per cent to Rs.161 crore, while EBITDA margin expanded 135 basis points.

Pantaloons sales mounted 14 per cent from a year earlier period to Rs 554 crore, led by 8.9 per cent like-to-like sales growth in Pantaloons stores. Enabled by portfolio enrichment and improved merchandising, EBITDA margin at Pantaloons was also up 400 basis points.

Driven by improved realization and expansion-led volume growth in the linen segment, Jaya Shree registered a 13 per cent year-on-year growth in sales at Rs 351 crore and 15 per cent rise in EBIDTA to Rs 43 crore.

Aditya Birla Nuvo said, to strengthen its market leadership, Jay Shree Textiles is expanding its linen yarn capacity from 3,400 to 6,400 tons per annum.

The Fashion & Lifestyle Business continued to expand its reach and during the quarter opened 108 stores nationwide to reach 1,852 stores. Pantaloons has also been voted amongst India’s top most trusted retailer brands in the Brand Equity Survey 2014.

 

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