The company said Q4 continued with a strong recovery trend until the disruption due to second wave of Covid-19 led to localised shutdowns.
Good sales in smaller towns and cities, best-ever e-commerce growth across brands and resilient product strategy were drivers of the recovery.
In FY21, ABFRL launched more than 400 new stores across businesses and formats amd rationalised the network. It scaled up across town classes through asset light model and focused on new product categories in line with changing consumer preferences for more casual and active wear.
Significantly, the company rationalised over Rs 1,200 crore of costs during the year to mitigate the impact of Covid on profitability.
Besides, it reduced the debt from Rs 2,511 crore to Rs 654 crore through a mix of operating cash flows and equity infusion.
The company has a network of 3,212 stores across 31,000 multi-brand outlets with 6,835 points of sale in department stores across India.
It has a repertoire of market-leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. Pantaloons is one of India's largest value retail brand.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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