Correction, growth hopes may cap downside in Aditya Birla Fashion & Retail

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Correction, growth hopes may cap downside in Aditya Birla Fashion & Retail - Business Standard

Quick Summary:

The company highlighted that growth is healthy in the lower price points and rural/tier-2/tier-3 markets and in the premium segment.

The rest of the business (Pantaloons, Style Up, ethnic and designer portfolio and digital first fashion brands under TMRW) is to be housed under the current listed entity, ABFRL.

Its better margin delivery with lower participation in discounts, product cost reengineering, and store rationalization largely offsets the weak revenue growth outlook for Pantaloons, says the brokerage.