Aditya Birla Lifestyle Brands Outlines Strategic Growth Plan
Aditya Birla Lifestyle Brands (ABLBL) plans an annual investment of Rs 300 crore to double its revenue over the next five years. The company, a spin-off from Aditya Birla Fashion and Retail, aims to build a portfolio of billion-dollar fashion brands and achieve substantial profitability growth.
- Country:
- India
In a strategic move, Aditya Birla Lifestyle Brands (ABLBL) announced an annual investment of Rs 300 crore, with plans to double revenue in the next five years. The company, freshly listed and emerging from the Aditya Birla Fashion and Retail demerger, aims to capitalize on India's booming consumption trend.
ABLBL operates with an ambitious vision, as Group Chairman Kumar Mangalam Birla revealed aspirations to develop India's first portfolio of billion-dollar fashion brands. Managing Director Ashish Dikshit noted that despite recent industry challenges, ABLBL's revenue in FY25 stood at Rs 7,830 crore, with profits set to triple leveraging increased cash flow.
While expanding its retail network and enhancing internal capabilities, ABLBL remains focused on disciplined investments and profitability, rather than immediate acquisitions. The public market debut saw ABLBL shares initially rise before closing 4.97% lower, indicating a valuation of Rs 19,451.50 crore.
(With inputs from agencies.)
- READ MORE ON:
- Aditya Birla
- Investment
- Growth
- Revenue
- Expansion
- Fashion
- Brands
- Market
- Profitability
- India
ALSO READ
Telangana Cabinet Expansion: Social Justice in Focus
Telangana's Cabinet Expansion: A Push for Social Justice
Telangana Cabinet Expansion: New Faces, Social Justice Emphasized
The True Cost of Fast Fashion: Unveiling the Hidden Costs
Vertex Group's Ambitious Global Expansion Targets Rs 1,000 Crore Revenue
Google News