Revenue from operations grew 3.3% year-on-year to Rs 4,304.7 crore, up from Rs 4,166.7 crore in Q3 FY23, supported by steady demand across its portfolio.
EBITDA rose 14.8% to Rs 635 crore from Rs 553.2 crore a year ago, reflecting stronger operational performance. The EBITDA margin improved to 14.8% from 13.3%, indicating better cost efficiencies.
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ABFRL, which owns brands like Louis Philippe, Van Heusen, and Pantaloons, has been expanding its premium and digital-first offerings to drive growth.
ABFRL shares target price
As per Trendlyne data, the average target price of the stock is Rs 300, which indicates an upside of 21% from the current market prices. The consensus recommendation from 21 analysts for the stock is a ‘Sell’.
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ABFRL technical indicators
Technically, the stock’s relative strength index (RSI) is at 32.6. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at -3.4, which is below its Signal and Center Line, this is a strong bearish indicator.
The stock is trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
ABFRL shares performance
On Friday, ABFRL shares closed at Rs 247, down 4.5% on the BSE, while the benchmark Sensex declined 0.26%. The stock has declined 20% over the past six months and 7% in the last three years. The company’s market capitalization stands at Rs 28,215 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
