Time period given by analyst is one year when Aditya Birla Fashion and Retail Ltd. price can reach defined target.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 836.29 Crore, down -54.53 % from last quarter Total Income of Rs 1839.24 Crore and up 66.74 % from last year same quarter Total Income of Rs 501.54 Crore. Company reported net profit after tax of Rs -351.75 Crore in latest quarter.
Investment Rationale
The brokerage Initiates a BUY recommendation on ABFRL with a one-year price objective of Rs 272 based on SOTP method valuing the Lifestyle & Pantaloons business by EV/ EBIDTA assigning a multiple of 17x based on its power brands, distribution network and expansion strategies across geographies. It values its other business comprising of Global Brands, Innerwear & Ethnic Wear at 1x EV/Sales.
Promoter/FII Holdings
Promoters held 56.1 per cent stake in the company as of June 30, 2021, while FIIs held 13.9 per cent, DIIs 16.6 per cent and public and others 13.3 per cent.
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