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This Article is From Jan 29, 2021

Aditya Birla Fashion Acquires 51% Stake In Sabyasachi Couture: Motilal Oswal

Aditya Birla Fashion Acquires 51% Stake In Sabyasachi Couture: Motilal Oswal

 Aditya Birla Fashion Acquires 51% Stake In Sabyasachi Couture: Motilal Oswal
People walk past a Pantaloons department store, at Ambience Mall in New Delhi, India. (Photographer Graham CrouchBloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Aditya Birla Fashion and Retail Ltd. acquired 51% stake in Sabyasachi Couture for Rs 4 billion.

Of this, about Rs 1 billion would be through the primary route, while the rest would be via the secondary market.

The deal values Sabyasachi at an enterprise value of Rs 7.8 billion, with FY20 EV/sales of 2.8 times and EV/Ebitda of 15 times.

The ‘Sabyasachi' brand is engaged in luxury designer apparel and accessories. With a revenue of Rs 2.7 billion (9% compound annual growth rate over FY18-20) and 20% Ebitda margin, it constitutes a mere 3% of the company's overall revenue.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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