Aditya Birla Fashion and Retail Limited (ABFRL) reported a strong financial performance for the quarter and year ended March 31, 2026. The company achieved a 16% revenue growth in Q4 and an 11% increase for the full fiscal year. Growth was driven by the robust performance of the Pantaloons segment, successful expansion of the ethnic portfolio, and a significant improvement in profitability across key business units, bolstered by continued retail footprint expansion.
Financial Highlights
For the fourth quarter, ABFRL posted consolidated revenue of ₹1,990 crore, representing a 16% growth compared to the same period last year. Normalized EBITDA grew by 29%, reflecting enhanced operational efficiency. For the full FY26, revenue reached ₹8,177 crore, an 11% increase year-on-year, with normalized EBITDA expanding by 23%.
Segmental Performance
The Pantaloons segment remained a key growth driver, with revenue reaching ₹1,048 crore in Q4, a 19% increase year-on-year. The segment maintained a healthy EBITDA margin of 15.5%. The Ethnic Businesses portfolio also showed significant progress, with margins expanding by 390 bps in Q4 and 560 bps for the full year, driven by strong wedding and festive season demand.
Strategic Growth and Expansion
ABFRL continued its aggressive retail expansion strategy, adding 70 new stores in Q4 and over 180 stores throughout FY26. The company’s footprint grew from 7.3 million sq. ft. in March 2025 to 7.9 million sq. ft. by March 2026. The TMRW digital-first brand portfolio demonstrated strong momentum, delivering 45% year-on-year revenue growth in Q4, while the Luxury segment also saw consistent growth, supported by the early success of the Galeries Lafayette launch.
E-commerce and Future Outlook
The company saw a robust shift towards omni-channel retail, with overall e-commerce sales growing by over 30% in Q4. E-commerce now accounts for 16% of total revenue. Management emphasized a focus on deepening offline presence for D2C brands, optimizing unit economics, and continuing to cater to shifting consumer demand towards organized retail formats.
Source: BSE
