Aditya Birla Digital Fashion Ventures Expands Portfolio With 51% Stake in Styleverse Lifestyle

Aditya Birla Digital Fashion Ventures (ABDFVL) is set to acquire a 51% stake in Styleverse Lifestyle (SLPL) for approximately Rs 155 crore, broadening its branded fashion apparel and retail clothing portfolio. The acquisition includes primary and secondary infusions into SLPL’s brands: The Indian Garage Co., Freehand, and Hardsoda.

This move follows ABDFVL’s previous Rs 1,650 crore acquisition of TCNS Clothing. The acquisition of Styleverse is strategic, building on ABDFVL’s already extensive portfolio that includes Louis Philippe, Van Heusen, Allen Solly, and Peter England. According to InvestingPro metrics, ABDFVL has been yielding high returns on invested capital and consistently increasing earnings per share, pointing to a robust financial performance.

ABDFVL operates through Madura Fashion & Lifestyle and Pantaloons segments. These entities were the result of a merger in 2015 that created Aditya Birla Fashion and Retail Ltd (ABFRL), now India’s leading listed branded apparel company with an annual turnover of Rs 8,136 crore. InvestingPro Tips reveals that the company is a prominent player in the Insurance industry, and its stockholders receive high returns on book equity.

The deal with Styleverse Lifestyle is subject to customary closing conditions, due diligence, and post-closing verifications. This acquisition further solidifies ABFRL’s position in the Indian branded apparel market while offering potential growth opportunities through Styleverse’s own brands. The company’s strong earnings have allowed management to continue dividend payments, and analysts predict the company will be profitable this year, as per InvestingPro Tips. For more detailed insights and additional tips, you can visit InvestingPro.

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