ABFRL Q4 Revenue Grows 16% to ₹1990 Crore

Company Disclosure

Aditya Birla Fashion and Retail Limited (ABFRL) submitted a regulatory filing under SEBI Listing Regulations (Regulation 30) containing their Q4 FY26 and full-year FY26 financial results and business performance update.

Financial Performance - Q4 FY26

Quarterly Results (₹ crore)

| Revenue | 1719 | 1990 | 16% |

| EBITDA | 199 | 311 | 57% |

| EBIT | -116 | -38 | - |

| PBT# | -259 | -195 | - |

| PAT | -267 | -164 | - |

*Q4 FY25 comparable numbers exclude gain of ~₹97 crore on account of discontinuation of inter-division elimination post de-merger

After wage code impact

EBITDA margin improved by approximately 410 basis points versus FY25 EBITDA* to 15.7%

Financial Performance - Full Year FY26

Annual Results (₹ crore)

Revenue: ₹8177 crore (up 11% vs previous year)
EBITDA: ₹967 crore (28% growth YoY over FY25 EBITDA*)
EBIT: -₹373 crore
PBT#: -₹928 crore
PAT: -₹830 crore

*FY25 comparable numbers exclude gain of ~₹97 crore on account of discontinuation of inter-division elimination post de-merger

PAT and PBT of FY25 also exclude gain of ₹~161 crore on account of re-valuation of stake held in GFPL

After wage code impact

Business Segment Performance

Masstige & Value Retail (Pantaloons & OWND)

Revenue: ₹1048 crore (19% YoY growth)
EBITDA Margin: 15.5% (up 40bps vs previous year)
Pantaloons format like-to-like (LTL) growth: 14% for the quarter
Pantaloons store count: 399 stores (4 new stores opened, 11 stores closed during quarter)
OWND store count: 79 stores (12 new stores added during quarter)

Ethnic Brands

Annual revenue scale: Over ₹2200 crore
80+ new stores added during FY26
Designer led brands: Strong double-digit profitability and robust growth
Premium ethnic wear brands: Portfolio profitability improved further

TCNS Portfolio:

~7% LTL growth in Q4
Full year cash losses halved vs previous year
11 stores added during the quarter
First W flagship store launched in Mumbai

TASVA:

33% YoY sales growth during quarter
Strong double digit LTL growth

Jaypore:

26% growth during quarter
Retail network: 44 stores

Luxury Retail (The Collective & Mono Brands)

13% growth vs previous year
Total network: 49 stores (including mono-brand stores)
Galeries Lafayette commenced operations in November 2025 with strong early traction

TMRW (Digital-first fashion brands)

45% YoY growth in Q4
Q4 cash losses narrowed YoY
Omni-channel presence: ~120 stores (including WROGN)

Operational Highlights

E-commerce channel grew >30% YoY
180+ gross store additions in FY26 (~120 added in H2)
Total retail area: Over 7.9 million sq.ft. (~0.6 million sq.ft. net addition YoY)
Gross cash position: ₹1545 crore
Standalone cash position: ₹1144 crore

Forward Outlook

The company stated that investments across distribution expansion, brand building and operating capabilities are translating into performance gains. While noting that near-term uncertainties may create intermittent impact, the company believes the long-term opportunity in organized retail remains compelling. ABFRL will continue to pursue disciplined growth, strengthen execution, and drive sustained profitability improvement across segments.

Company Overview

As of March 31, 2026, ABFRL has presence across 1,273 stores spanning over 7.9 million sq.ft. retail space. The company's portfolio includes Pantaloons, OWND, The Collective, Galeries Lafayette, Jaypore, Tasva, and strategic partnerships with designers including Tarun Tahiliani, Sabyasachi, Shantnu & Nikhil and House of Masaba. The company also integrated TCNS brands (W, Aurelia, Wishful, Elleven and Folksong).