AB FASHION : 31.05.2021

AB FASHION : 31.05.2021

GS ON AB FASHION

* MAINTAIN BUY TARGET: 200
* GS maintains Buy call on AB Fashion
* Revenue Beat, Micro Improvements Amidst Challenging Macro
* Co Continues To Make Progress On Reducing Dependency On Formal Wear
* It's Increasing Revenue Contribution From e-Comm In Both Segments
* Expanding Reach In Smaller Towns Through Brand Extensions