Financial Performance Highlights

Key Financial Figures (in ₹ Crore):

| Metric | Q1 FY26 | Q1 FY27 | Growth vs LY |

| Revenue | 1831 | 2026 | 11% |

| EBITDA | 169 | 167 | -2% |

| PBT | -260 | -320 | N/A |

| PAT | -234 | -249 | N/A |

  • EBITDA margin for the quarter stood at 8.2%, down from previous year due to:
  • Lower other income year-over-year (~70 basis points impact)
  • Scale-up investments in OWND and Galeries Lafayette businesses

Segment Performance Breakdown

Masstige & Value Retail (Pantaloons & OWND):

  • Revenue: ₹1204 Cr, growing 10% YoY
  • EBITDA Margin: 15.9% (down vs LY)
  • Pantaloons format: 7% revenue growth with 4% LTL (Like-to-Like) growth
  • OWND: 55% YoY growth driven by store additions
  • Store network: 399 Pantaloons stores, 88 OWND stores
  • Q1 additions: 10 stores (1 Pantaloons, 9 OWND)

Ethnic Brands:

  • Portfolio size: ₹2200+ Cr annual revenue, 670+ stores across brands
  • LTL growth: 5% in shortened wedding period
  • Designer led brands: Profitable growth with 60+ stores across prime locations
  • TCNS: 8 new store additions during quarter, focusing on improving operating efficiency
  • TASVA: 35% YoY sales growth, 8th consecutive quarter of sustained momentum, rolled out TASVA Custom across 40 stores
  • Jaypore: Double digit YoY growth, now 44 stores

Luxury Retail (The Collective & Mono Brands + Galeries Lafayette):

  • 30% YoY growth overall
  • TCMB: Double digit growth, now 51 locations including mono-brand stores
  • Galeries Lafayette: Steadily building momentum since November 2025 operations commencement

TMRW (Digital-first fashion brands):

  • 11% YoY growth in primary sales, 16% secondary sales growth
  • Cash losses narrowed further
  • Omnichannel footprint: 140+ stores including WROGN across key markets

Expansion and Footprint

  • Added 45+ new stores during the quarter
  • Total retail footprint: Beyond 7.9 million sq. ft.
  • Total store presence: 1286 stores as of June 30, 2026

Business Structure

ABFRL's portfolio comprises:

  • Masstige & Value Retail: Pantaloons & OWND
  • Ethnic Brands: Designer led brands (Sabyasachi, Tarun Tahiliani, Shantnu & Nikhil, House of Masaba) and Premium ethnic wear brands (Jaypore, Tasva & TCNS portfolio)
  • Luxury Retail: The Collective & Mono brands portfolio, Galeries Lafayette
  • TMRW: Portfolio of digital-first fashion brands

Forward-looking Statements

The company stated that the year began on an encouraging note with steady business momentum supported by network expansion, stronger brand traction, and sharper execution. Focus remains on driving sustainable growth through measured expansion, deeper consumer engagement, and improved productivity across channels. The company will undertake appropriate cost optimization and calibrated pricing interventions to protect profitability while maintaining consumer value and competitiveness.

Disclaimer Note

The document contains forward-looking statements and notes that financial figures have been rounded off to the nearest ₹1 Crore. The results should be read in conjunction with the investor presentation.