Aditya Birla Fashion and Retail Ltd 2021 AR2
The report highlights Aditya Birla Fashion and Retail Limited's performance during the fiscal year 2020-21, which was significantly impacted by the COVID-19 pandemic. Despite a 41% decline in revenue to ‹5,181 Crore, the company strengthened its balance sheet through a Rights Issue and a strategic investment from Flipkart. It also expanded its ethnic wear portfolio by acquiring a 51% stake in Sabyasachi Calcutta LLP and partnering with Tarun Tahiliani. On the sustainability front, the company transitioned to its 'Sustainability 2.0' product-led strategy and was recognized as Asia's Most Sustainable Company in its sector by S&P Global CSA.
Company: Aditya Birla Fashion and Retail Ltd
Sector: Wholesale & retail
Country: India
Year: 2021
Type: AR2
Pages: 448
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Aditya Birla Fashion and Retail Ltd
Annual Report
The report highlights Aditya Birla Fashion and Retail Limited's performance during the fiscal year 2020-21, which was significantly impacted by the COVID-19 pandemic. Despite a 41% decline in revenue to ‹5,181 Crore, the company strengthened its balance sheet through a Rights Issue and a strategic investment from Flipkart. It also expanded its ethnic wear portfolio by acquiring a 51% stake in Sabyasachi Calcutta LLP and partnering with Tarun Tahiliani. On the sustainability front, the company transitioned to its 'Sustainability 2.0' product-led strategy and was recognized as Asia's Most Sustainable Company in its sector by S&P Global CSA.
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Document Details
Report Year
2021
Reporting Period
Apr 1, 2020 - Mar 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Renewable Energy
Workplace Fatalities
Employees