Trading Window Closure

The Trading Window for dealing in Company's securities shall remain closed until 48 hours from this announcement.

Standalone Financial Results (₹ in Crore)

Quarterly Performance

  • Revenue from operations: ₹1,558.07 (Q1 FY2027) vs ₹1,412.33 (Q1 FY2026)
  • Other income: ₹38.58 (Q1 FY2027) vs ₹62.15 (Q1 FY2026)
  • Total income: ₹1,596.65 (Q1 FY2027) vs ₹1,474.48 (Q1 FY2026)
  • Total expenses: ₹1,762.05 (Q1 FY2027) vs ₹1,570.53 (Q1 FY2026)
  • Loss before tax: ₹(165.40) (Q1 FY2027) vs ₹(96.05) (Q1 FY2026)
  • Deferred tax credit: ₹(59.05) (Q1 FY2027) vs ₹(19.54) (Q1 FY2026)
  • Net loss after tax: ₹(106.35) (Q1 FY2027) vs ₹(76.51) (Q1 FY2026)
  • Total comprehensive loss: ₹(105.92) (Q1 FY2027) vs ₹(76.48) (Q1 FY2026)

Annual Comparison (Year ended March 31, 2026)

  • Revenue from operations: ₹6,016.88
  • Net loss after tax: ₹(410.19)
  • Total comprehensive loss: ₹(400.49)

Earnings Per Share (₹)

  • Basic EPS: (0.87) (Q1 FY2027) vs (0.63) (Q1 FY2026)
  • Diluted EPS: (0.87) (Q1 FY2027) vs (0.63) (Q1 FY2026)

Share Capital

Paid-up equity share capital (face value ₹10 each): ₹1,220.54 crore as of June 30, 2026

Consolidated Financial Results (₹ in Crore)

Quarterly Performance

  • Revenue from operations: ₹2,025.56 (Q1 FY2027) vs ₹1,831.46 (Q1 FY2026)
  • Other income: ₹56.02 (Q1 FY2027) vs ₹63.54 (Q1 FY2026)
  • Total income: ₹2,081.58 (Q1 FY2027) vs ₹1,895.00 (Q1 FY2026)
  • Total expenses: ₹2,395.45 (Q1 FY2027) vs ₹2,148.75 (Q1 FY2026)
  • Loss before tax: ₹(320.26) (Q1 FY2027) vs ₹(259.50) (Q1 FY2026)
  • Net loss after tax: ₹(248.73) (Q1 FY2027) vs ₹(233.73) (Q1 FY2026)
  • Total comprehensive loss: ₹(248.31) (Q1 FY2027) vs ₹(235.24) (Q1 FY2026)

Attribution of Loss

  • Owners of the Company: ₹(215.24) (Q1 FY2027) vs ₹(211.98) (Q1 FY2026)
  • Non-controlling interest: ₹(33.49) (Q1 FY2027) vs ₹(21.75) (Q1 FY2026)

Earnings Per Share (₹)

  • Basic EPS: (1.77) (Q1 FY2027) vs (1.74) (Q1 FY2026)

Share Capital

Paid-up equity share capital (face value ₹10 each): ₹1,220.54 crore as of June 30, 2026

Significant Corporate Developments

Amalgamation with Jaypore E-commerce Private Limited

The National Company Law Tribunal approved the Scheme of Amalgamation between the Company and Jaypore E-commerce Private Limited vide order dated July 2, 2026. The certified copy was received on July 9, 2026, and filed with the Registrar of Companies, Mumbai on July 10, 2026.

  • Appointed Date: April 1, 2026
  • Effective Date: August 1, 2026 (first day of the month following satisfaction of conditions)
  • Accounting Treatment: The amalgamation has been given effect using the pooling of interests method as per Appendix C to Ind AS 103
  • Comparative Impact: Comparative financial information for quarter ended June 30, 2025 and quarter and year ended March 31, 2026 has been restated

Acquisition of Additional Stake in Subsidiary

Indivinity Clothing Retail Private Limited (ICRPL), a subsidiary, approved a Rights Issue of 3,65,19,197 Equity Shares aggregating to ₹175 crore. The Company paid the subscription money, and consequent to allotment on May 20, 2026, the Company's stake in ICRPL increased to 89.29% from 85.54%.

ESOP Allotment

Pursuant to various Employees Stock Option Schemes, 26,267 equity shares of ₹10 each were transferred from ESOP Trust to option grantees on April 15, 2026 (exercised in previous financial year).

Segment Information (Consolidated)

Revenue and Results (Q1 FY2027)

  • Pantaloons segment results: Profit of ₹3.48 crore
  • Ethnic and Others segment results: Loss of ₹(188.54) crore
  • Total segment results: Loss of ₹(185.06) crore

Assets and Liabilities (as of June 30, 2026)

  • Pantaloons segment assets: ₹5,634.17 crore
  • Ethnic and Others segment assets: ₹10,164.14 crore
  • Total segment assets: ₹15,798.31 crore
  • Pantaloons segment liabilities: ₹4,208.73 crore
  • Ethnic and Others segment liabilities: ₹6,905.06 crore
  • Total segment liabilities: ₹11,113.79 crore

Additional Disclosures (Standalone)

Key Ratios (Q1 FY2027)

  • Debt service coverage ratio: (7.69) times
  • Interest service coverage ratio: (8.56) times
  • Net profit margin: -6.83%
  • Operating margin: -4.84%
  • Current ratio: 1.76 times
  • Debtors turnover: 37.94 times (annualized)
  • Inventory turnover: 3.25 times (annualized)

Preference Shares

Outstanding redeemable preference shares: 5,55,000 shares with value ₹0.56 crore

Net Worth

Net worth: ₹7,596.48 crore as of June 30, 2026

Auditor Review

Price Waterhouse & Co Chartered Accountants LLP conducted limited review of both standalone and consolidated financial results and issued unmodified conclusions. The review was conducted in accordance with SRE 2410 issued by ICAI.

Entities Included in Consolidation

Subsidiaries

Sabvasachi Calcutta LLP, Sabvasachi Inc. (USA), Jaypore Fashions Inc. (USA), TG Apparel & Decor Private Limited, Indivinity Clothing Retail Private Limited, Finesse International Design Private Limited, Goodview Fashion Private Limited, Tarun Tahiliani Fashions Trading L.L.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