ABFRL

** India's Aditya Birla Fashion and Retail (ABFRL) ADIA.NS climbs 3.1% to 253.80 rupees

** Jefferies initiates coverage on fashion retailer with "buy", PT of 315 rupees

** ABFRL is decisively shifting focus to profitable growth, says brokerage

** Adds, co's decision to split lifestyle brand Madura Fashion, which comprises Louis Phillippe, Van Heusen, Allen Solly and Peter England brands, enables "great focus" on identified line of business

** Avg rating of 19 analysts on ABFRL at "hold"; median PT is 285 rupees - data compiled by LSEG

** Stock trims YTD losses to ~9%

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Aditya Birla Fashion and Retail ADIA.NS jump 1.63% to 260.45 rupees

** Indian tribunal approvesthe demerger of co's Madura Fashion and Lifestyle Business into a separate listed entity called Aditya Birla Lifestyle Brands Ltd (ABLBL)

** Shareholders of ADIA to get one share of ABLBL for every ADIA share they own

** Demerged ABLBL has an established business model, and can pursue independent value creation, says ADIA

** Including session's rise, ADIA shares have gained 26.6% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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March 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS TWO TOTAL TAX DEMAND ORDERS FOR 47.2 MILLION RUPEES, 51 MILLION RUPEES

Source text: ID:nBSE3vQ1zm

Further company coverage: ADIA.NS

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Feb 14 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION DEC-QUARTER CONSOL NET LOSS 513.1 MILLION RUPEES

• ADITYA BIRLA FASHION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 43.05 BILLION RUPEES

Source text: ID:nBSE1fTTBs

Further company coverage: ADIA.NS

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Feb 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS TWO TAX ORDERS OF DEMAND 129.1 MILLION RUPEES , 4.2 MILLION RUPEES

Source text: ID:nBSE974B43

Further company coverage: ADIA.NS

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** Kotak double downgrades apparel retailer Trent TREN.NS to "sell" from "add"

** After stock more than doubled in value in 2023 and 2024, TREN down ~13% so far in Jan

** Says future growth priced in and "may be time to book profits"

** Kotak's analysis of top 10 cities by store count for co's Zudio chain reveals stores are in similar locations and could cannibalize each other

** Adds, while co may still close year with ~180 store additions, incremental rev per store growth may be slow

** Trims FY2025-27E rev by 1%-2% and EPS by 9%-14%

** Lowers stock's fair value to 5,850 rupees from 6,800 rupees, 5.8% below last close

** Trent up 0.7% at 6,255 rupees on Friday

** Stock rated "buy" on avg, peer Aditya Birla Fashion and Retail ADIA.NS "sell", V-Mart Retail VMAR.NS "buy" - LSEG data

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 15 (Reuters) - Indian fashion retailer Aditya Birla Fashion and Retail ADIA.NS will raise $500 million through a preferential issue and qualified institutional placement of shares, it said on Wednesday.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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Jan 10 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• BOARD TO CONSIDER FUNDRAISING PROPOSAL VIA EQUITY AND SECURITIES ISSUE

• FUNDRAISING MAY INCLUDE QIP, RIGHTS ISSUE, OTHER MODES

Source text: ID:nBSE3KYphg

Further company coverage: ADIA.NS

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Dec 12 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION AND RETAIL - GST ORDER IMPOSES TOTAL DEMAND OF 8.7 MILLION RUPEES

Source text: ID:nBSE86W38T

Further company coverage: ADIA.NS

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Dec 5 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS GST DEMAND OF 24.5 MILLION RUPEES

Source text: [ID:]

Further company coverage: ADIA.NS

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Nov 22 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION - GETS TOTAL TAX DEMAND OF 24.6 MILLION RUPEES

Source text: ID:nNSE9r0hpd

Further company coverage: ADIA.NS

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Nov 7 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION SEPT-QUARTER CONSOL NET LOSS 1.86 BILLION RUPEES

• ADITYA BIRLA FASHION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 36.44 BILLION RUPEES

Source text: ID:nNSE1CT6JP

Further company coverage: ADIA.NS

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Oct 30 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• NO OBJECTION FROM BSE, NSE FOR ARRANGEMENT WITH ADITYA BIRLA LIFESTYLE BRANDS

Source text: ID:nBSEb14Cy3

Further company coverage: ADIA.NS

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Oct 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• UNIT INFUSED 750 MILLION RUPEES INTO WROGN PRIVATE LIMITED

• UNIT INCREASED SHAREHOLDING IN WROGN FROM EXISTING 17.10% TO 32.84%

Source text for Eikon: ID:nBSE4MhNpk

Further company coverage: ADIA.NS

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Aug 28 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS TOTAL TAX DEMAND FOR 251.4 MILLION RUPEES

Source text for Eikon: ID:nNSE3wLJHB

Further company coverage: ADIA.NS

(Reporting by VijayDattaram Malkar)

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Aug 7 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION & RETAIL JUNE-QUARTER CONSOL NET LOSS 1.61 BILLION RUPEES; IBES LOSS EST. 1.74 BILLION RUPEES

• ADITYA BIRLA FASHION JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 34.28 BILLION RUPEES; IBES EST. 35.92 BILLION RUPEES

Further company coverage: ADIA.NS

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July 26 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS GST ORDER WOTH TOTAL DEMAND OF 37.5 MILLION RUPEES

Source text for Eikon: ID:nBSE7xCyF5

Further company coverage: ADIA.NS

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July 11 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ACQUISITION OF ADDITIONAL STAKE IN GOODVIEW FASHION

• RAISED SHAREHOLDING IN GOODVIEW FASHION FROM 33.5% TO 51%

• GOODVIEW DEAL FOR 1.27 BILLION RUPEES

Source text for Eikon: ID:nBSE68qf8p

Further company coverage: ADIA.NS

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May 3 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS TOTAL TAX DEMAND OF 6.3 MILLION RUPEES

Source text for Eikon: ID:nBSE74KrZ1

Further company coverage: ADIA.NS

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May 2 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS MULTIPLE GST ORDERS WITH TOTAL DEMAND OF 1.03 BILLION RUPEES

Further company coverage: ADIA.NS

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April 30 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• GETS ORDER FROM DEPUTY COMMISSIONER OF STATE TAX, BIHAR WITH TOTAL DEMAND 13.7 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ADIA.NS

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BENGALURU, April 29 (Reuters) - India's Shoppers Stop on Monday reported nearly a 53% rise in fourth-quarter profit, helped by demand in its beauty segment as well as luxury products.

The early start of end-of-season sales and events like Valentine's Day drove heightened sales volumes, while high-income urban consumers favoured luxury makeup and fragrances for social and professional engagements, further boosting top-line growth.

The Mumbai-based chain reported a profit before exceptional item and tax of 300.7 million rupees ($3.60 million) for the three months ended March 31, compared with 197.1 million rupees a year earlier.

It also recorded an exceptional item of 15.9 million rupees in the quarter.

Shoppers Stop, which sells products of brands like Swarovski, Versace, Michael Kors and Bobbi Brown, said its revenue from operations rose 13.3% to 10.46 billion rupees.

Peer Tata Group-owned Trent TREN.NS reported a five-fold jump in quarterly profit, while Arvind Fashions ARVF.NS and Aditya Birla Fashion and Retail ADIA.NS are yet to report results.

Shares of Shoppers Stop closed 0.6% higher ahead of the results. They rose 9.3% during the March quarter.

($1 = 83.4614 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

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** Shares of Aditya Birla Fashion And Retail ADIA.NS rise 3% to 238.40 rupees

** Apparel retailer's board approves spin off of Madura Fashion and Lifestyle into a listed entity; plans 25 bln rupees (~$300 mln) equity raise within 12 months of split

** ADIA fell 8% in March-qtr, snapping two-quarter gaining streak, but is up ~7% YTD; stock lost 22% in 2023

** Avg rating of 27 analysts is "hold"; median PT is 230 rupees - LSEG data


($1 = 83.4140 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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April 19 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• APPROVES DEMERGER OF MADURA BUSINESS INTO A SEPARATE LISTED ENTITY

• ABFRL PLANS TO RAISE 25. BILLION RUPEES EQUITY CAPITAL WITHIN 12 MONTHS OF DEMERGER WITH PROMOTER PARTICIPATION

• UPON COMPLETION, ALL SHAREHOLDERS OF ABFRL WILL HAVE IDENTICAL SHAREHOLDINGS IN BOTH COMPANIES

• UPON COMPLETION OF DEMERGER, SHAREHOLDERS OF ABFRL WILL GET ONE SHARE OF ABLBL FOR EVERY ONE SHARE IN ABFRL

• POST DEMERGER, TWO LISTED COMPANIES WILL BE ADITYA BIRLA LIFESTYLE BRANDS, ADITYA BIRLA FASHION AND RETAIL

Source text for Eikon: ID:nBSE3rpVnx

Further company coverage: ADIA.NS

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April 16 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• ADITYA BIRLA FASHION AND RETAIL - GETS NOTICES FOR TOTAL TAX DEMAND OF 45.5 MILLION RUPEES

Source text for Eikon: ID:nNSE7Xlcdz

Further company coverage: ADIA.NS

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** Shares of Aditya Birla Fashion and Retail ADIA.NS up as much as 15% at 243.35 rupees, its biggest intraday gain since August 2018

** Apparel retailer said it plans to demerge its Madura Fashion & Lifestyle unit into a separate listed entity

** Madura Fashion contributes to more than 70% of ADIA's total revenue

** Trading volume nearly 10x the 30-day moving average in its second-busiest trading session ever

** Stock last up 13%, on track for third straight session of gain

** Avg rating of 20 analysts at "hold"; median PT is 230 rupees - LSEG data

** Stock up 7% YTD after falling 22% in 2023

(Reporting by Kashish Tandon in Bengaluru)

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BENGALURU, April 1 (Reuters) - Apparel retailer Aditya Birla Fashion and Retail (ABFRL) ADIA.NS said on Monday it was planning to demerge Madura Fashion & Lifestyle into a separate listed entity.

The move follows the company posting losses for the last three quarters due to weak demand as well as increased investments in some brands.

Madura Fashion consists of four lifestyle brands - Louis Phillippe, Van Heusen, Allen Solly and Peter England - and contributes to more than 70% of the company's total revenue, according to its latest quarterly earnings report.

After the demerger, Aditya Birla Fashion said it would focus on luxury and premium brands such as Ralph Lauren and Fred Perry, while aiming to raise growth capital in 12 months to beef up its balance sheet.

It will also allow the apparel retailer to increase its focus on Pantaloons, which will be separated from Madura Fashion that houses a mix of lifestyle, fast fashion, athleisure casual sports clothing and innerwear brands.

"There is scope to re-evaluate capital structures to optimize different parts of the portfolio," Aditya Birla Group Chairman Kumar Mangalam Birla said.

The company said all its investors will have identical shareholding in the newly formed entity.

ABFRL's shares have lost 5.4% so far this year after shedding 22% last year, while those of rival Trent TREN.NS have added 27.5% after more than doubling last year.

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Aditya Birla Fashion and Retail ADIA.NS fall as much as 3.6% at 234.6 rupees, last down 1.9%

** Owner of Peter England formal wear brand on Wednesday reported 778.7 mln rupees ($9.4 mln) consol loss for Dec-quarter vs profit of 157.9 mln rupees a year ago

** Co also said it will issue non-cumulative, non-convertible redeemable preference shares worth up to 12 mln rupees on private placement basis

** Stock set for biggest weekly fall since Oct. 27, down 5.5% so far this week

** Trading vol is 1.2x the 30-day daily avg

** As per LSEG data, avg rating of 20 analysts covering ADIA is "hold"; median PT is 225 rupees, ~6% lower than current price

** Stock fell 22.2% in 2023 after posting annual gains for two consecutive years

($1 = 82.9975 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 14 (Reuters) - Aditya Birla Fashion and Retail Ltd ADIA.NS:

• TO ISSUE NON-CUMULATIVE NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES ON PRIVATE PLACEMENT BASIS FOR 12 MILLION RUPEES

Source text for Eikon: ID:nBSE951BG5

Further company coverage: ADIA.NS

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BENGALURU, Feb 7 (Reuters) - Indian retailer and hypermarket operator Trent TREN.NS reported a more-than-two-fold jump in third-quarter profit on Wednesday, driven by robust demand during the festive period.

The Tata Group-owned company reported a consolidated net profit of 3.71 billion rupees (about $45 million) for the three months ended Dec. 31, from 1.55 billion rupees a year earlier.

Shares of the company rose 10% after the results.

A surge in apparel purchases during the festive period boosted Trent's revenues, which rose nearly 51% to 34.67 billion rupees, outpacing the about 42% rise in its total expenses.

The festive period in India typically spans from October to late November.

Trent opened five Westside and 50 Zudio stores during the quarter, boosting the store counts under these brands to 227 and 460, respectively.

Its peers Arvind Fashions ARVF.NS and Aditya Birla Fashion Retail ADIA.NS will report next week.

($1 = 82.9450 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Mrigank Dhaniwala)

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