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    Buy Aditya Birla Fashion and Retail, target price Rs 380 : ICICI Direct

    Synopsis

    For ABFRL, the brokerage expects Lifestyle brands to register 16% YoY growth whereas Pantaloons division is expected to register subdued growth of ~9%.

    Buy Aditya Birla Fashion and RetailAgencies
    Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 25427.89 Crore) operating in Retail sector.
    ICICI Direct has buy call on Aditya Birla Fashion and Retail with a target price of Rs 380.The current market price of Aditya Birla Fashion and Retail is Rs 271.25.

    Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 25427.89 Crore) operating in Retail sector.

    Aditya Birla Fashion and Retail key Products/Revenue Segments include Apparels, Homemart & Accessories, Commission, Scrap, Export Incentives, Other Operating Revenue and Other Services for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3096.62 Crore, up 6.56 % from last quarter Total Income of Rs 2905.88 Crore and up 48.91 % from last year same quarter Total Income of Rs 2079.53 Crore. Company has reported net profit after tax of Rs 29.42 Crore in latest quarter.

    The company’s top management includes Mr.Kumar Mangalam Birla, Mr.Arun Adhikari, Ms.Preeti Vyas, Mr.Nish Bhutani, Mr.Sunirmal Talukdar, Ms.Sukanya Kripalu, Mr.Vikram Rao, Mr.Vishak Kumar, Ms.Sangeeta Pendurkar, Mr.Ashish Dikshit, Mr.Himanshu Kapania, Mr.Yogesh Chaudhary. Company has S R B C & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 94 Crore shares outstanding.

    Investment Rationale
    For ABFRL, the brokerage expects Lifestyle brands to register 16% YoY growth whereas Pantaloons division is expected to register subdued growth of ~9%.

    Promoter/FII Holdings
    Promoters held 56.08 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.24 per cent, DIIs 18.97 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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