Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q2 FY25 Earnings Presentation
40 slides from Aditya Birla Fashion And Retail's earnings presentation, Nov 7, 2024
Slide 1: Investor Presentation filing letter to BSE and NSE
November 7, 2024 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Investor Presentation of the Board Meeting of the Company Ref.: 1. Regulation 30 (read with Schedule III - Part A), of the Securities and Exchange Board of India (Listing Obligations and Disc
Slide 2: Q2 FY25 Performance Highlights
Q2 FY25 Performance Highlights
Slide 3: Distribution Network
Distribution Network Market Update Q2 Highlights Distribution Performance of Key Portfolios Company Financials Network
Slide 4: India's one of the widest branded fashion network
India’s one of the widest branded fashion network Brand stores; Pantaloons stores 20 1 4,121* 417 22 136 13 161 19 2 81 5 199 Brand Stores Pantaloons Stores 16 12 2 1 1 9 172 495 7 12 39 13 45 1 155 5 1 10 11 11 1 101 141 2 6 167 136 8 37,952 9,047 46 45 15 28 75 10 13 499 Multi-brand Outlets Shops
Slide 5: Market Update
Distribution Network Market Update Q2 Highlights Market Performance of Key Portfolios Company Financials Update
Slide 6: Market Update
Market Update Tepid consumer sentiment Apparel Market demand fluctuated during Q2 Inflationary pressures impact ◉ Lower footfalls led by consumption ◉ Inauspicious periods ◉ Moderation in urban demand ◉ Extreme weather conditions ◉ Gradual recovery in lower ◉ Visible green shoots due to tier markets
Slide 7: Q2 Highlights
Distribution Network Market Update Q2 Highlights Q2 Performance of Key Portfolios Company Financials Highlights
Slide 8: Q2 Highlights
Q2 HIGHLIGHTS Growth powered by a well- Newer businesses within De-merged rounded portfolio ABFRL fueling growth Sales up 13% YoY ◉ Ethnic portfolio grows 3 folds ◉ ABLBL up 4% in a muted market ◉ TMRW revenue more than ◉ De-merged ABFRL continues to see doubled vs LY strong uptick ◉ Luxury retail g
Slide 9: Q2 Highlights: ABFRL Consolidated
Q2 Highlights ABFRL Consolidated Particulars (In ₹ Cr.) Q2 FY24 Q2 FY25 Growth (Vs. LY) ◉ Consolidated sales up 13% ◉ EBITDA grew by 11% Revenue 3226 3644 13% ◉ PAT impacted due to ◉ Higher depreciation/amortization for brand EBITDA 369 410 11% & retail assets due to inclusion of TCNS ◉ Interest cos
Slide 10: Q2 Highlights | Segmental | Reclassified
Q2 Highlights | Segmental | Reclassified* Consolidated Financials Revenue Growth EBITDA EBITDA% (In ₹ Cr.) Q2 FY24 Q2 FY25 Vs FY24 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Proposed ABLBL 1904 1975 4% 311 302 16.3% 15.3% Lifestyle Brands 1586 1636 3% 339 302 21.3% 18.4% Other Businesses 317 339 7% -28 1 -8.8%
Slide 11: H1 Highlights: ABFRL Consolidated
H1 Highlights ABFRL Consolidated Particulars (In ₹ Cr.) H1 FY24 H1 FY25 Growth (Vs. LY) Revenue 6423 7072 10% ◉ Consolidated sales up 10% vs LY ◉ EBITDA grew 13% YoY EBITDA 722 816 13% ◉ Margin expanded by 30 bps EBITDA Margin 11.2% 11.5% EBIT -34 -81 PAT -362 -430 Note: PAT before exceptional item
Slide 12: H1 Highlights | Segmental | Reclassified
H1 Highlights | Segmental | Reclassified* Consolidated Financials Revenue Growth EBITDA EBITDA% (In ₹ Cr.) H1 FY24 H1 FY25 Vs FY24 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Proposed ABLBL 3800 3774 -1% 571 585 15.0% 15.5% Lifestyle Brands 3180 3118 -2% 630 581 19.8% 18.6% Other Businesses 620 656 6% -59 4 -9.
Slide 13: Performance of Key Portfolios
Distribution Network Market Update Q2 Highlights Performance Performance of Key Portfolios of Key Company Financials Portfolios
Slide 14: Aditya Birla Lifestyle Brands Limited
Aditya Birla Lifestyle Brands Limited Lifestyle Brands Youth Western Wear Innerwear Sportswear Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 15: Key Portfolios | ABLBL
Key Portfolios | ABLBL Lifestyle Brands Youth Western Wear Sportswear Innerwear ◉ Premiumization and ◉ Engaging young ◉ Strengthening distribution ◉ Steadily building a multi- casualization driving customers through new and increasing digital pronged distribution growth marketing campaigns visibilit
Slide 16: Lifestyle Brands
LIFESTYLE BRANDS ◉ Q2 Revenue at ₹1636 Cr., growth of 3% vs LY ◉ EBITDA margin at 18.4% in Q2 ◉ Cost control initiatives continued to yield results ◉ Driving merchandise freshness, lower markdowns & tighter inventory control ◉ Continuous refresh of distribution to align with markets ◉ Opened 29 high
Slide 17: Lifestyle Brands Channel-wise Revenue
LIFESTYLE BRANDS Q2 Channel-wise Revenue (in ₹ crore) Q2 FY24 Q2 FY25 vs. LY Wholesale 461 412 -11% ◉ Wholesale remained impacted due to Retail 703 724 3% lower secondary sales Others 422 500 18% v ◉ Retail LTL growth at @3.4% in Q2 ◉ E-commerce channel grew 20%+ in Q2 H1 Channel-wise Revenue (in ₹
Slide 18: Youth Western Wear, Sportswear & Innerwear
Youth Western Wear, Sportswear & Innerwear Youth Western Wear Sportswear Innerwear ◉ Brand grew 31% YoY in Q2FY25 ◉ Brand is now available at 169 stores & ◉ Athleisure posted first quarter of growth 900+ point of sale across trade outlets after sustained degrowth ◉ Unveiled a nation-wide campaign wi
Slide 19: Please click anywhere on the image to see the campaign
Please click anywhere on the image to see the campaign Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 20: Demerged Aditya Birla Fashion & Retail Limited
Demerged Aditya Birla Fashion & Retail Limited Masstige & Value Retail Luxury Retail Ethnic Brands Digital First Brands Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 21: Key Portfolios | Demerged ABFRL
Key Portfolios | Demerged ABFRL Masstige/Value Retail Ethnic Brands Luxury Retail Digital First Brands ◉ Continued upward trends in ◉ Amongst the largest ethnic ◉ Rich portfolio of leading ◉ Driving robust growth of revenue and EBITDA, driven portfolio with designer led global brands, consistently d
Slide 22: Q2 FY25 Aditya Birla Fashion & Retail
Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 23: Pantaloons Q2 performance
◉ Q2 Revenue at ₹1082 Cr., grew 3% vs LY ◉ Retail LTL @1.3% ◉ EBITDA grew 65% YoY through superior merchandising and better markdown management ◉ Margin expanded by 560 bps to reach 15.0% ◉ Strong AW24 performance with fashionable and on-trend merchandise ◉ Exclusive merchandize across select brands
Slide 24: Pantaloons | Update
Pantaloons | Update Category Mix Q2FY24 Q2FY25 10% 11% 15% 16% Men Women’s Western 22% 21% Women’s Ethnic Kids 17% 17% Non Apparel 36% 35% v Ownership Mix Q2FY24 Q2FY25 24% 25% Own Brands Others ABFRL Brands 64% 12% 64% 11% Q2 FY25 ADITYA BIRLA FASHION & RETAIL All numbers in the slide are as of 30t
Slide 25: Designer Led Brands, Premium Wear Brands
APPAREL | BEAUTY | ACCESSORIES | JEWELRY DESIGNER LED BRANDS PREMIUM WEAR BRANDS Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 26: Q2 FY25 Aditya Birla Fashion & Retail
Q2 FY25 ADITYA BIRLA FASHION & RETAI
Slide 27: Designer led brands
Designer led brands ◉ Apparel and accessories clocked strong ◉ Sales up 123% YoY in Q2FY25 ◉ Revenue in Q2 grew 10% vs LY growth this quarter ◉ Beauty brand Lovechild at ~10x vs LY ◉ Pret label “S&N” was up 24% led by ◉ Continued to be brand of choice for ◉ Ended Q2 with 17 exclusive stores ◉ Strong
Slide 28: Addition of Tarun Tahiliani in Designer led brand portfolio
Addition of Tarun Tahiliani in Designer led brand portfolio ◉ Increased stake to 51% in Tarun Tahiliani couture - leading luxury designer brand in India ◉ This strategic move solidifies our position in the ethnic wear market, strengthening our luxury ethnic fashion portfolio Q2 FY25 ADITYA BIRLA FAS
Slide 29: Q2 FY25 Aditya Birla Fashion & Retail
Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 30: Premium ethnic wear brands
Premium ethnic wear brands ◉ Sales up 79% on the back of strong wedding demand and early ◉ Revenue grew 15% YoY in Q2 led by festive this quarter (vs LY) ◉ Retail LTL growth of ~6% ◉ Retail LTL stood at ~26% for this quarter ◉ Brand now available across 27 stores ◉ Added 3 stores this quarter ◉ Adde
Slide 31: TCNS Brands
TCNS BRANDS ◉ Q2 revenue at ₹254 Cr. vs 226 Cr. LY ◉ Growth of ~13% YoY led by multiple sales levers ◉ Improvement in store productivity ◉ Strengthening end to end merchandising ◉ Third consecutive quarter of positive LTL ◉ Retail LTL growth stood at ~3% in Q2 ◉ Posted positive EBITDA in Q2 All numb
Slide 32: Q2 FY25 Aditya Birla Fashion & Retail
Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 33: Luxury Retail
LUXURY RETAIL ◉ Consistently delivering strong, profitable results despite market challenges ◉ Business grew 9% vs LY ◉ E-com led by thecollective.in posted 24% growth YoY ◉ Total network, including Mono brands, spans across 40 stores v All numbers in the slide are as of 30th September 2024, unless
Slide 34: Q2 FY25 Aditya Birla Fashion & Retail
Q2 FY25 ADITYA BIRLA FASHION & RETAIL
Slide 35: TMRW
TMRW ◉ For Q2FY25, portfolio sales more than doubled vs LY ◉ Operates as a balanced portfolio comprising of ◉ Prominent large brands with high consumer recall ◉ High potential small/mid-sized emerging brands ◉ Brands driving offline presence via exclusive stores and partnerships ◉ Bewakoof network i
Slide 36: Company Financials
Distribution Network Market Update Q2 Highlights Company Performance of Key Portfolios Company Financials Financials
Slide 37: Financials
Financials Consolidated Profit & Loss ₹Cr. Q2 FY24 Q2 FY25 Consolidated Balance Sheet ₹Cr. Mar-24 Sep-24 Revenue from Operations 3226 3644 Net worth 4721 4102 Other Income 46 52 Net Debt 2862 3759 Total Income 3272 3695 Lease Liability 5246 5471 EXPENSES Deferred Tax Liabilities 661 362 Cost of Mate
Slide 38: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of Aditya Birla Fashion and Retail Limited (“Company”) together with its subsidiaries, as applicable (together, with the Company, the “Group”) only, without regard to any specific objectives, suitability, fina
Slide 39: Disclaimer
Disclaimer Any person/ party intending to provide finance/ invest in the shares/ businesses of the Group shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. This presentation includes ce
Slide 40: Disclaimer
Disclaimer Information contained in a presentation hosted or promoted by the Group is provided “as is” without warranty of any kind, either expressed or implied, including any warranty of fitness for a particular purpose. This presentation is not an offer to sell or a solicitation of any offer to bu
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