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India : Aditya Birla Nuvo reports results for the year ended 31 March 2014.

With funds under management worth US$20.4 billion, Aditya Birla Financial Services (ABFS) ranks among the top five fund managers (excluding LIC) in India. ABFS has a nationwide presence through about 1,500 branches/points of presence and around 130,000 agents/channel partners. It posted a consolidated revenue of US$1.1 billion (Rs.6,640 crore) and earnings before tax at US$124 million (Rs.745 crore). It generated Return on Average Capital Employed (RoACE) of 25 per cent per annum.

Birla Sun Life Insurance returned surplus funds to the tune of about Rs.400 crore to the shareholders. Birla Sun Life Asset Management is ranked as the 4th largest asset management company in India, with a market share of 9.85 per cent. Its AUM crossed the Rs.100,000 crore mark. The lending book of Aditya Birla Finance expanded by 44 per cent to about Rs.11,550 crore as on 31 March 2014. To support its growth, a share capital of Rs.525 crore was infused during the year, taking its net worth to Rs.1,769 crore.

Fashion & Lifestyle

Selling two branded apparels every second, Fashion & Lifestyle Business is one of the largest branded apparel players in India. Louis Philippe and Van Heusen continue to be the best selling brands in India. It opened one store per day to expand its retail presence to 1,750 exclusive brand outlets/stores, spanning nationwide across 4.3 million square feet. Its revenue rose by 23 per cent to US$1 billion (Rs.6,048 crore) and EBITDA by 23 per cent to around US$100 million (Rs.573 crore). It is generating an operating ROACE of 28 per cent per annum.

Madura posted an all round growth in top-line, profitability and free cash flows. Its revenue grew by 28 per cent to Rs.3,226 crore and the EBITDA surged by 58 per cent to Rs.388 crore, led by growth in the wholesale channel, retail stores expansion and 7 per cent like-to-like retail stores sales growth. Madura added 364 stores and generated free cash flows of about Rs.325 crore during the year.

Pantaloons is in the investment phase and is strengthening its retail presence, brand portfolio and merchandise to enhance sell through. It has launched 14 new Pantaloons stores and 1 factory outlet during the year.

To strengthen its market leadership, Jaya Shree has expanded linen yarn capacity from 2,300 to 3,400 tonnes per annum and linen fabric capacity from 7.3 to 10.1 million meters per annum. The full benefit of the expanded capacity will reflect in fiscal 2014-15.

Idea Cellular is the biggest revenue market share gainer in India since the past five years. It ranks 3rd largest in India with a revenue market share at 16.1 per cent. Idea ranks 7th largest in the world, in terms of subscribers based on operations in a single country. It posted a strong growth in earnings led by robust voice and data usage, improved voice realisation, scale benefit and cost efficiency.

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Publication:Mena Report
Article Type:Financial report
Geographic Code:9INDI
Date:May 21, 2014
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