Pandemic impacted footfall; activity may rise after Q1: Aditya Birla Fashion
The second wave of the pandemic impacted customer footfall and decelerated growth towards the end of March quarter but the economic activity is expected to pick up gradually after June, Aditya Birla Fashion and Retail Ltd (ABFRL) said. The company is working towards strengthening its supply chain and digital back-end as it expects e-commerce play to outpace the growth of previous years across all its brands, said ABFRL in its updates on the impact of COVID. Besides its network expansion, plans shall be aggressive in order to increase its reach deeper and wider into the country, it added. ...