Indian conglomerate Aditya Birla Nuvo saw first half net profit surge on rising sales.

The company, whose interests run from fashion and textiles through to financial services and telecoms recorded a 22% increase in net profit to reach INR5.71bn (US$104.2m).

Revenue grew 12% to INR113.14bn over the half.

The company's Madura Fashion and Lifestyle brand recorded a 7% increase in EBITDA to reach INR870m. Revenue grew 9% to INR11.71bn. Over the half, wholesale recorded a marginal increase in revenue, while the retail channel recorded 21% growth, driven by new store openings.

"The challenging economic environment continues to affect growth in some of the sectors where ABNL operates. Despite this, the company has posted a strong growth in earnings," said managing director Dr Rakesh Jain.