Aditya Birla Fashion and Retail Limited (ABFRL) has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a 2% year-on-year growth in revenue for the second quarter, reaching Rs. 2030 Cr. However, EBITDA saw a significant decline of 43% to Rs. 67 Cr for the same period.
ABFRL Announces Q2 FY27 Financial Results
Aditya Birla Fashion and Retail Limited (ABFRL) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, which reflect adjustments under Ind AS.
Financial Performance – Q2
For the second quarter of fiscal year 2027 (Q2 FY27), ABFRL reported a revenue of Rs. 2030 Cr, marking a 2% growth compared to the same period in the previous year (Q2 FY26). However, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) decreased by 43% to Rs. 67 Cr in Q2 FY27 from Rs. 116 Cr in Q2 FY26. Profit Before Tax (PBT) stood at negative Rs. 454 Cr, and Profit After Tax (PAT) was negative Rs. 376 Cr for Q2 FY27.
Financial Performance – Half Year (H1)
In the first half of fiscal year 2027 (H1 FY27), ABFRL’s revenue grew by 6% year-on-year to Rs. 4056 Cr. The EBITDA for H1 FY27 declined by 18% to Rs. 233 Cr, down from Rs. 286 Cr in H1 FY26. PBT for H1 FY27 was negative Rs. 775 Cr, and PAT was negative Rs. 625 Cr.
Performance Highlights
- ABFRL achieved a 2% YoY growth in Q2, with revenue at Rs. 2030 Cr. The growth was moderated by a shift in festive dates to Q3 and a subdued wedding season. Revenue in H1 was up 6% YoY to Rs. 4056 Cr.
- Emerging businesses played a key role in growth. The ethnic portfolio (excluding TCNS) grew 12% YoY, and the luxury portfolio grew 11% YoY. TMRW portfolio delivered 10% YoY growth, while OWND grew by 58% led by store additions.
- EBITDA for the quarter stood at Rs. 67 Cr, down 43% YoY, attributed to the festive shift impacting operating leverage and the scale-up of new businesses like OWND and Galeries Lafayette.
- The company added 35 new stores in Q2, bringing total store additions to over 80+ in H1. The total retail area now spans 7.8 Mn. sq. ft.
- ABFRL closed Q2 with gross cash of Rs. 1143 Cr, with standalone cash at Rs. 628 Cr.
Business Performance Segments
ABFRL’s portfolio includes Masstige & Value Retail (Pantaloons & OWND), Ethnic Brands (comprising designer-led and premium ethnic wear), Luxury Retail (The Collective & Mono brands, Galeries Lafayette), and TMRW (digital-first fashion brands).
Masstige & Value Retail: Pantaloons showed resilience despite the festive calendar shift, growing at approximately 6% YoY in Q2, with e-commerce growing 19% YoY. Pantaloons ended the quarter with 387 stores. OWND continued its strong growth with 58% YoY growth, reaching 90 stores.
Ethnic Brands: The ethnic portfolio, with over 2200+ Cr annual revenue and 650+ stores, saw designer-led brands deliver double-digit revenue growth. Premium ethnic wear brands, including TCNS, TASVA, and Jaypore, also contributed to growth.
Luxury Retail: The Luxury portfolio delivered robust revenue growth. The Collective and Mono Brands (TCMB) now operate 49 locations.
TMRW: This digital-first portfolio grew 10% YoY, with combined growth including WROGN at 19% YoY. The retail network for TMRW now exceeds 150+ stores.
Way Forward
Despite the near-term challenges from the festive calendar shift and a subdued wedding season, ABFRL remains confident in the long-term opportunities within India’s fashion and lifestyle market. The company plans to focus on expanding store footprint, scaling emerging businesses, sharpening merchandise assortments, and strengthening brand salience, with a continued emphasis on driving profitable growth.
Source: BSE
