ABFRL’s consolidated revenue doubled year-on-year to Rs 2,054 crore. In Q2FY22, the company saw a decent pace of recovery with easing mobility restrictions. Its faster scale-up can offer potential upsides,” said analysts from Emkay Global Financial Services in a report on November 25. ABFRL’s entry into ethnic-wear, accounting for about 30 percent of the industry, boosts the total addressable market significantly. “Pick-up in store additions from H2 and new categories, mainly ethnic, offer strong growth visibility.
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