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Aditya Birla Fashion and Retail rating – Buy: Deal with GIC boosts long-term prospects - Dr-Buzz4U

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Aditya Birla Fashion and Retail rating – Buy: Deal with GIC boosts long-term prospects

Dr-tech May 29, 2022 news

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Aditya Birla Fashion and Retail rating – Buy: Deal with GIC boosts long-term prospects

ABFRL posted another strong quarter driven primarily by traction in Lifestyle Brands, which benefitted from a strong wedding season, wardrobe refresh and brand extensions playing out. The key highlight though is Rs 22 bn of equity investment by GIC. ABFRL plans to deploy it to accelerate investment in core business (missing since Covid) and strengthen […]