{"id":8893,"date":"2016-04-05T18:00:09","date_gmt":"2016-04-05T12:30:09","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=8893"},"modified":"2016-04-06T12:20:16","modified_gmt":"2016-04-06T06:50:16","slug":"aditya-birla-fashion-and-retail-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/aditya-birla-fashion-and-retail-ltd\/8893","title":{"rendered":"Aditya Birla Fashion and Retail Ltd."},"content":{"rendered":"<p>Aditya Birla Fashion &amp; Retail Ltd (ABFRL) (erstwhile Pantaloons Fashion &amp; Retail) is\u00a0India\u2019s leading fashion lifestyle entity. It includes endearing brands and retail\u00a0businesses of Madura Fashion &amp; Lifestyle (Madura) and Pantaloons, respectively.\u00a0ABFRL has the largest retail footprint of 5.4 million square feet. Further, it owns a\u00a0network of over 2,100 exclusive brand stores.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and View<\/strong><\/p>\n<p>With strong growth in Madura and Pantaloons, we expect overall\u00a0revenue to increase to Rs. 8,697 crore in FY18E. Further, margins are expected to\u00a0accentuate to 7.6% in FY18E driven by the synergy benefits coupled with capital\u00a0efficiencies arising from the consolidation. We expect ROE to improve to 16.5% in\u00a0FY18E; ROCE is projected to increase to 12.6% in FY18E. We initiate coverage on the\u00a0stock with a BUY rating with a target price of Rs. 165 (based on DCF), assuming cost\u00a0of equity of 13.5% and terminal growth rate of 5%, implies a potential upside of\u00a0~20% over the next 1 year.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/04\/Research-Report-Aditya-Birla-Fashion-Retail-Ltd.pdf\">Research Report Aditya Birla Fashion &amp; Retail Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aditya Birla Fashion &amp; Retail Ltd (ABFRL) (erstwhile Pantaloons Fashion &amp; Retail) is\u00a0India\u2019s leading fashion lifestyle entity. It includes endearing brands and retail\u00a0businesses of Madura Fashion &amp; Lifestyle (Madura) and Pantaloons, respectively.\u00a0ABFRL has the largest retail footprint of 5.4 million square feet. Further, it owns a\u00a0network of over 2,100 exclusive brand stores. Open a FREE [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aditya Birla Fashion and Retail Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Aditya Birla Fashion and Retail Ltd.. 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