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Aditya Birla Fashion and Retail Records Net Loss in Q3

Aditya Birla-owned The Collective store in India
The Collective, an Indian multi-brand retailer largely selling global luxury brands affiliated with parent company Aditya Birla Group, has boutiques in Mumbai, Chennai, Chandigarh, Bengaluru, Kolkata, Hyderabad, Pune, Lucknow, Ludhiana and National Capital Region cities like New Delhi, Gurgaon and Noida. (The Collective)

The Indian fashion conglomerate’s loss amounted to 108 crore rupees ($13 million) for the quarter ended December 31, in contrast to a profit of 11 crore rupees for the same period last year.

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