Business

Profit Rises But Misses Estimates

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Aditya Birla Fashion and Retail Ltd.’s reported an increase in profits and record sales amid festive season in the quarter ended September. Yet, its bottom line missed estimates.Net profit of the company, which operates Madura Fashion and Lifestyle and Pantaloons, rose 5.77 times to Rs 29.42 crore over a year earlier, according to its exchange filing. That compares with the Rs 79.9-crore consensus estimate of analysts tracked by Bloo…



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