HDFC Securities Retains Buy on Aditya Birla Lifestyle Brands After Q1 Review
HDFC Securities maintained its positive view on Aditya Birla Lifestyle Brands following the June-quarter review, citing business momentum, improving profitability and signs of growth recovery.
HDFC Securities retained a Buy rating on Indian fashion retailer Aditya Birla Lifestyle Brands and electric-scooter maker Ather Energy after reviewing June-quarter performance, citing business momentum, profitability improvement and growth recovery.
Why this matters
The Buy retention follows signals that Aditya Birla Lifestyle Brands and retail peers were preparing to report Q1 FY27 results, and that the company raised Rs.150 crore through commercial paper listed on BSE.
Retail-company signals are accelerating, up 199,500% QoQ.