The Aditya Birla Lifestyle Brand is looking to strengthen its business presence in the next few years; at the same time, the company’s profit is also being planned. what did the company’s managing director say about this? Read the details.
Aditya Birla Group has taken a big step in the property sector. The Aditya Birla Lifestyle Band has been newly listed on the stock exchange. This company has been separated from the retail arm of the Aditya Birla fashion brand. This time, a big announcement has been made about the future of this company. According to a company source, it is going to invest Rs 300 crore, the company said on Monday.
According to sources, the company’s Managing Director, Ashish Dikshit, said that Aditya Birla Group owners will invest an estimated Rs 300 crore in this company every year. Recently, it was brought to the public as a separate entity from Aditya Birla Fashion and Style. Aditya Birla Lifestyle Band’s stock has also been listed after the demerger.
In this context, Aditya Birla Group Chairman Kumarmangalam Birla said that India is currently in a growth phase where it is moving through a rapid transformation, and the primary driver of this growth phase will be congestion.
Incidentally, Aditya Birla Lifestyle Band Limited had a total revenue of Rs 7830 crore in the financial year 2024-25, its operating margin was 15 per cent, and its turnover was Rs 60 crore.
Kumar Mangalam Billa said the company aims to create India’s first billion-dollar brand portfolio in the fashion and lifestyle segment. Currently, ABL sells products of popular brands like Peter England and Allen in the domestic market. The fashion and lifestyle segment has a high demand for the company’s products.
The company’s Managing Director Ashish Dixit said that its two brands’ products have annual sales of more than 2,000 cr. rupees, while the other two brands have annual sales of more than 1,000 cr. rupees, which clearly shows their popularity among customers.
In this regard, he further said that in the next five years, we plan to double our business growth more than while simultaneously targeting a profit growth of more than three times. This will be managed strategically and systematically, as well as through strong cash flow.