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Competition Commission approves acquisition of TCNS Clothing by Aditya Birla Fashion and Retail Ltd The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Company Ltd by Aditya Birla Fashion and Retail Ltd. The proposed combination involves acquisition of 51 per cent of the expanded share capital of TCNS Clothing Company Limited by Aditya Birla Fashion and Retail Ltd. Aditya Birla Fashion is a listed company and part of the Aditya Birla conglomerate. It is engaged in retailing of branded products within the apparel, footwear and accessories segment, th...
Competition Commission approves acquisition of TCNS Clothing by Aditya Birla Fashion and Retail Ltd
Competition Commission approves acquisition of TCNS Clothing by Aditya Birla Fashion and Retail Ltd
Source: IANS
28/06/2023 9:21:50 AM
India`s Aditya Birla Fashion reports first quarterly loss in nearly 2 years Indian apparel retailer Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday reported its first quarterly loss in nearly 2 years, as surging expenses outweighed demand for its apparel and lifestyle products. The company posted a consolidated net loss of 1.87 billion rupees ($22.9 million) for the fourth quarter ended March 31, from a profit of 435.9 million rupees a year ago, citing initial operating losses in unit TMRW and new ethnic businesses. It last reported a quarterly loss in June ...
India`s Aditya Birla Fashion reports first quarterly loss in nearly 2 years
India`s Aditya Birla Fashion reports first quarterly loss in nearly 2 years
Source: Reuters
22/05/2023 4:58:39 PM
Add TCNS Clothing Ltd For Target Rs. 510 - ICICI Securities Tackling multiple headwinds Unimpressive revenue print led by; (1) ~7% revenue-impact (related to primary billing) of change in revenue/inventory accounting for B2B business from outright-sale model to SOR (sale or return) model; where-in revenue is booked only after actual sales happen. In SOR; inventory is on the books of TCNS. This trend (of shifting to SOR) is likely to continue due to regulatory requirement (online companies shall not be holding inventory in their books) and post achi...
Add TCNS Clothing Ltd For Target Rs. 510 - ICICI Securities
Add TCNS Clothing Ltd For Target Rs. 510 - ICICI Securities
Source: ICICI Securities Ltd
3/03/2023 1:45:40 PM
Buy TCNS Clothing Ltd For Target Rs. 800 - ICICI Direct Strong recovery expected in festive season About the stock: Given its multi-distribution channel approach and robust supply chain infrastructure, TCNS has emerged as the market leader in women’s ethnic space through its three popular home grown brands. * TCNS follows an asset light business model, with production outsourced on a job work basis. This enables the company to generate high RoIC * Healthy balance sheet with cash reserves worth | 150+ crore Key highlights: * TC...
Buy TCNS Clothing Ltd For Target Rs. 800 - ICICI Direct
Buy TCNS Clothing Ltd For Target Rs. 800 - ICICI Direct
Source: ICICI Direct Ltd
20/09/2022 10:20:36 AM
Buy TCNS Clothing Ltd For Target Rs.1030 - Emkay Global Weak Q4 on expected lines; gunning for growth now * Q4 EBITDA exceeded our/street estimates by 12-33% on a 130-190bps beat on margins. Revenue growth was weak at 6% in Q4 with a 14% fall in EBITDA, due to a slower pickup in ethnic (vs. western) and focus on profitable growth with lower discounting. * Recovery is faster at ~90% in Q1TD, with consumers opting for fashion vs. value spends in the recent past. TCNS has completed tech-based investments in the supply chain and is leveraging it...
Buy TCNS Clothing Ltd For Target Rs.1030 - Emkay Global
Buy TCNS Clothing Ltd For Target Rs.1030 - Emkay Global
Source: Emkay Global Financial Services Ltd
3/06/2022 1:24:15 PM
Buy TCNS Clothing Ltd : Sails through Covid peak efficiently; healthy recovery trends in Q3 - Emkay Global Buy TCNS Clothing Ltd For Target Rs.1,050  Sails through Covid peak efficiently; healthy recovery trends in Q3 * Our channel checks suggest the recovery in physical channels likely improved to ~90% in Q3 vs. ~65% in H2FY21/Q2FY22. The recovery is aided by marketing investments in ‘Alia for Aurelia’/Plus-size campaigns, traction in footwear and the launch of new styles. * Unlike its peers, TCNS did not see any operating cash loss in the last 18 months with lower parti...
Buy TCNS Clothing Ltd : Sails through Covid peak efficiently; healthy recovery trends in Q3 - Emkay Global
Buy TCNS Clothing Ltd : Sails through Covid peak efficiently; healthy recovery trends in Q3 - Emkay Global
Source: Emkay Global Financial Services Ltd
13/01/2022 12:53:44 PM
Add TCNS Clothing Ltd For Target Rs.865 - ICICI Securities Inching back to pre-covid sales TCNS Clothing’s (TCNSBR) Q2FY22 revenues grew 66% YoY (implying recovery to ~75% of pre-covid sales) with Q3FY22-TD sales already back to pre-covid levels. Gross margin improved sharply both QoQ and YoY to 62.7% (just 230bps lower than pre-covid) despite share of online sales increasing to 22% from 12% pre-covid. Online D2C business contributed >50% to the e-commerce business. Company added eight stores during Q2FY22 and is targeting a net addition ...
Add TCNS Clothing Ltd For Target Rs.865 - ICICI Securities
Add TCNS Clothing Ltd For Target Rs.865 - ICICI Securities
Source: ICICI Direct
27/12/2021 2:58:43 PM
Buy TCNS Clothing Ltd For Target Rs.1120 - ICICI Direct Building levers for sustainable growth… About the stock: Given its multi-distribution channel approach and robust supply chain infrastructure, TCNS has emerged as the market leader in women’s ethnic space through its three popular home grown brands * TCNS follows an asset light business model, with production outsourced on a job work basis. This enables the company to generate high RoIC * Healthy balance sheet with cash reserves worth | 160 crore   Ration...
Buy TCNS Clothing Ltd For Target Rs.1120 - ICICI Direct
Buy TCNS Clothing Ltd For Target Rs.1120 - ICICI Direct
Source: ICICI Direct
11/12/2021 10:16:38 AM
Buy TCNS Clothing Ltd For Target Rs.860 - ICICI Direct Indication of strong festive season augurs well… About the stock: Given its multi-distribution channel approach and robust supply chain infrastructure, TCNS has emerged as the market leader in women’s ethnic space through its three popular home grown brands. * TCNS follows an asset light business model, with production outsourced on a job work basis. This enables the company to generate high RoIC * Healthy balance sheet with cash reserves worth | 140 crore   R...
Buy TCNS Clothing Ltd For Target Rs.860 - ICICI Direct
Buy TCNS Clothing Ltd For Target Rs.860 - ICICI Direct
Source: ICICI Direct
22/11/2021 10:41:28 AM
Buy TCNS Clothing Ltd For Target Rs.860 - Emkay Global Encouraging recovery in ongoing end-of-season-sales * TCNS’ ~Rs0.2bn EBITDA loss in a challenging Q1 was in line with our/street expectations. Revenue recovery at ~35% was in line with peers and PBT loss at Rs0.5bn was lower than Rs0.6bn last year, despite lower rental savings of Rs30mn vs. Rs190mn in Q1FY21. * Per-store recovery at ~70% in the ongoing EOSS has been faster vs. last year. TCNS expects a full per-store revenue recovery in FY23, aided by pent-up demand and rise in oc...
Buy TCNS Clothing Ltd For Target Rs.860 - Emkay Global
Buy TCNS Clothing Ltd For Target Rs.860 - Emkay Global
Source: Emkay Global Financial Services Ltd
24/08/2021 10:55:54 AM
Add TCNS Clothing Ltd For Target Rs. 630 - ICICI Securities Focus back to growth Key takeaways from TCNS Clothing’s (TCNSBR) Q4FY21 earnings: 1) Revenue was up 1% YoY (in-line with expectations) and was impacted from mid-Mar’21 due to lockdowns owing to resurgence in covid cases; 2) LFS revenue remained flat YoY, while EBO & MBO revenue declined 23% YoY and 60% YoY respectively owing to channel rationalisation; online revenue grew 2.5x YoY on a low base in Q4FY21; 3) company is targeting net addition of +60 EBOs in FY22; 30 EBOs ...
Add TCNS Clothing Ltd For Target Rs. 630 - ICICI Securities
Add TCNS Clothing Ltd For Target Rs. 630 - ICICI Securities
Source: ICICI Securities Ltd
29/06/2021 12:32:51 PM
Buy TCNS Clothing Company Ltd For Target Rs. 700 - ICICI Direct Building enablers to achieve accelerated growth… TCNS Clothing reported decent Q4FY21 results with marginal revenue growth of 1% YoY to | 221 crore. On adjusted base, recovery was ~76% of pre-Covid levels (vs. 72% in Q3FY21). The revenue recovery rate would have been better but the pace of recovery was hampered by partial lockdowns in various states from mid-March onwards. Non-metro cities continued to recover at a swift pace with Tier II, III cites recovering at ~95% of pre-Covid l...
Buy TCNS Clothing Company Ltd For Target Rs. 700 - ICICI Direct
Buy TCNS Clothing Company Ltd For Target Rs. 700 - ICICI Direct
Source: ICICI Direct
25/06/2021 11:16:01 AM
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities Focus back to growth Key takeaways from TCNS Clothing’s (TCNSBR) Q3FY21 earnings: 1) revenues declined 28% YoY with EBITDA margin shrinking 450bps mainly due to inventory dormancy provisions; 2) EBOs and LFS are broadly on similar recovery trajectory (33-36% YoY decline), while online business grew 1.7x the pre-Covid levels in Q3FY21; 3) company has secured ~30% reduction in fixed costs for FY21; 4) it is embarking on an accelerated store expansion plan with targeted addition of 60-...
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities
Source: ICICI Securities Ltd
9/03/2021 11:38:39 AM
Buy TCNS Clothing Ltd For Target Rs.540 - ICICI Direct Profits back in black… Driven by festive season demand, TCNS Clothing reported strong QoQ growth with revenue recovery rate reaching 72% in Q3FY21 vs. 45% in Q2FY21. The recovery rate is broadly in line with industry revenue recovery rate (fashion retailers). Revenue for Q3FY21 fell 28% YoY to | 237.9 crore (up 65% QoQ). Non-metro cities continue to recover at a swift pace with Tier I cities reaching 70% and Tier II, III cites recovering at ~80% of pre-Covid levels. Stores in metro...
Buy TCNS Clothing Ltd For Target Rs.540 - ICICI Direct
Buy TCNS Clothing Ltd For Target Rs.540 - ICICI Direct
Source: ICICI Direct
3/03/2021 10:08:35 AM
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities Targeting positive cashflow from Q3FY21 Key takeaways from TCNS Clothing’s (TCNSBR) Q2FY21 earnings: 1) Over 95% offline stores are operational as of Q2FY21-end with sales tracking ~70% of preCovid levels in Oct’20 with festive spike; 2) EBOs and LFS are broadly on similar recovery trajectory; primary billing in MBO channel is yet to resume, while online is growing 2x of pre-Covid levels in Q3; 3) secured ~30% reduction in fixed costs in FY21; and 4) expecting positive cashflo...
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities
Add TCNS Clothing Ltd For Target Rs.430 - ICICI Securities
Source: ICICI Securities Ltd
21/01/2021 9:18:54 AM
TCNS Clothing announces launch of initial public offering TCNS Clothing Co. Ltd. has announced public offering of 15714038 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 714.00 per share. The gross proceeds of the issue are expected to be Rs 1,12,512.51 lakhs. The company's initial public offer (IPO) will open on 18 July 2018 and is expected to close on 20 July 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 714.00-716.00 per share. The IPO includes a fresh Issue of 15714038 Equit...
TCNS Clothing announces launch of initial public offering
TCNS Clothing announces launch of initial public offering
Source: Dion Global Solutions Ltd.
11/07/2018 12:21:45 PM