Aditya Birla Fashion and Retail Limited has informed the Exchange about Transcript
ABFRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ABFRL reported Q1 FY26 revenue of INR 1,831 crores, up 9% YoY, with EBITDA of INR 169 crores, up 38% YoY, marking the 4th consecutive quarter of year-on-year margin expansion. The ethnic business was a standout, growing 25% with margins expanding 1,600 bps and designer brands (Sabyasachi, Tarun Tahiliani, etc.) growing 79% YoY; Tasva grew 72% and TCNS moved to double-digit LTL growth post-turnaround. The company held gross cash of INR 2,070 crores as of June 2025. Key corporate actions included TMRW securing INR 437 crores from ServiceNow Ventures (~11% stake) and the listing of Aditya Birla Lifestyle Brands Limited on June 23, 2025. Management guided ethnic portfolio margins to exceed 20% (post-Ind AS) in the medium term, Pantaloons to deliver another 300-500 bps improvement, Tasva breakeven by FY27 end, and TMRW targeting FY29 EBITDA breakeven while raising approximately USD 100 million in total.
The strong margin expansion across segments, especially ethnic and Pantaloons, reinforces the profitable growth story and could be viewed positively by investors. Clear medium-term targets on margins and segment-wise breakeven timelines provide visibility, though TMRW losses are expected to remain elevated in the near term as offline expansion continues and capex for the Galeries Lafayette store ramps up.