Summary of Key Information:

Reporting Period: Quarter and Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Audited Financial Results

Audit Opinion:

Unmodified opinion (clean) on both standalone and consolidated financial results

Key Financial Highlights [₹ in Crore]:

Standalone Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: 1,379.66 (Q4 FY25: 1,193.74)
  • Total Income: 1,423.93 (Q4 FY25: 1,298.86)
  • Net Loss from Continuing Operations: (139.13) (Q4 FY25: (31.63))
  • EPS from Continuing Operations: (1.14) (Q4 FY25: (0.27))

Year ended March 31, 2026:

  • Revenue from Operations: 5,906.03 (FY25: 5,608.90)
  • Total Income: 6,121.97 (FY25: 5,807.07)
  • Net Loss from Continuing Operations: (351.49) (FY25: (304.03))
  • EPS from Continuing Operations: (2.89) (FY25: (2.80))
  • Other Equity: 6,749.79 (FY25: 7,077.60)
  • Cash and Cash Equivalents: 47.96 (FY25: 733.70)
  • Debt (Borrowings): 3,167.48 (Non-current: 745.45 + Current: 2,422.03) (FY25: 2,736.51)

Consolidated Results:

Quarter ended March 31, 2026:

  • Revenue from Operations: 1,990.13 (Q4 FY25: 1,719.48)
  • Total Income: 2,113.67 (Q4 FY25: 1,815.35)
  • Net Loss from Continuing Operations: (163.81) (Q4 FY25: (170.64))
  • EPS from Continuing Operations: (1.22) (Q4 FY25: (1.42))

Year ended March 31, 2026:

  • Revenue from Operations: 8,176.92 (FY25: 7,354.73)
  • Total Income: 8,486.53 (FY25: 7,550.45)
  • Net Loss from Continuing Operations: (829.89) (FY25: (624.17))
  • EPS from Continuing Operations: (6.38) (FY25: (5.12))
  • Other Equity: 4,618.52 (FY25: 5,591.91)
  • Cash and Cash Equivalents: 66.96 (FY25: 766.81)

Segment-wise Performance [₹ in Crore]:

Continuing Operations for FY26:

  • Pantaloons: Segment results showed loss of (26.44)
  • Ethnic and Others: Segment results showed loss of (8.13)
  • Total segment revenue (continuing): 8,176.92
  • Total segment results before finance costs: (34.57)

Corporate Actions:

ESOP Allotment (Standalone):

  • Quarter ended March 31, 2026: 28,566 equity shares (17,640 non-trust route + 10,926 from ESOP Trust)
  • Year ended March 31, 2026: 533,488 equity shares (277,246 non-trust route + 256,242 from ESOP Trust)

Demerger Completed:

  • Madura Fashion & Lifestyle Business demerged to Aditya Birla Lifestyle Brands Limited (wholly owned subsidiary)
  • Scheme effective from May 1, 2025, sanctioned by NCLT Mumbai Bench on March 27, 2025

Amalgamation in Progress:

  • Board approved amalgamation of Jaypore E-commerce Private Limited and TG Apparel & Decor Private Limited (wholly owned subsidiaries) with the company
  • Joint petition filed with NCLT Mumbai on April 16, 2026, hearing fixed for June 5, 2026

Other Significant Information:

Exceptional Items:

  • ₹29.89 crore impact from implementation of new Labour Codes (including ₹7.20 crore in Q4 FY26)
  • This represents past service cost on gratuity and compensated absences due to revised definition of wages

Debt Information:

  • NCDs Series 10 (issued 2023) at 7.57% p.a., next coupon payment due September 12, 2026
  • Redemption in three equal annual tranches commencing September 12, 2028

Key Ratios (Standalone FY26):

  • Operating Margin: -2.12%
  • Net Profit Margin: -5.95%
  • Current Ratio: 1.89 times
  • Debt Equity Ratio: Not Applicable (company has excess liquid investments and cash over debt)

Entities Included in Consolidation:

Subsidiaries: Sabyasachi Calcutta LLP, Sabyasachi Inc. USA, Jaypore E-commerce Private Limited, Jaypore Fashions Inc. USA, TG Apparel & Decor Private Limited, Indivinity Clothing Retail Private Limited, Finesse International Design Private Limited, Goodview Fashion Private Limited (from July 11, 2024), Tarun Tahiliani Fashions Trading L.L.C. S.O.C, Aditya Birla Digital Fashion Ventures Limited, House of Masaba Lifestyle Private Limited, Pratyaya E-Commerce Private Limited, Imperial Online Services Private Limited, Awesomefab Shopping Private Limited, Bewakoof Brands Private Limited, Next Tree Products Private Limited, Styleverse Lifestyle Private Limited

Trust: ABFRL Employee Welfare Trust

Associate: Wrogn Private Limited (from June 21, 2024)