Aditya Birla Fashion and Retail Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
ABFRL · price
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Awaiting price reaction for this filing.
ABFRL submitted its Q2 and H1 FY26 results on November 4, 2025. Consolidated revenue from continuing operations grew ~11% YoY to Rs 1,981.66 crore in Q2 (vs Rs 1,760.51 crore), driven by Pantaloons (Rs 1,141.71 crore) and Ethnic & Others (Rs 869.80 crore). However, consolidated net loss widened sharply to Rs (295.09) crore from Rs (116.23) crore a year ago, including exceptional items of Rs 61.15 crore. Standalone net loss narrowed to Rs (90.89) crore from Rs (138.69) crore. Operating margin compressed to -2.56% in Q2 FY26 from -0.92% in Q2 FY25. Consolidated operating cash flow turned negative at Rs (99.56) crore for H1 FY26 (vs positive Rs 531.71 crore last year). The Madura Fashion & Lifestyle demerger became effective May 1, 2025, and prior period figures have been restated to show it as discontinued operations. Auditor Price Waterhouse issued an unmodified review report.
Continued losses and negative operating cash flow raise concerns about near-term profitability despite revenue growth. Investors should watch the ethnic segment's deep losses (Rs 175 crore in Q2) and the impact of the Madura demerger on future consolidated numbers. The clean auditor report provides some comfort, but bottom-line pressure may weigh on the stock.