NSE: ABLBL · BSE: 544403
ADITYA BIRLA LIFES BRAN L
Sells branded apparel and fashion through exclusive brand stores and e-commerce in India. The business splits into a Lifestyle Brands segment anchored by Van Heusen, Louis Philippe, Allen Solly and Peter England, which generated ₹7,154 crore of FY26 revenue at a 20% EBITDA margin, and an Emerging Business segment covering Reebok, Van Heusen Innerwear and American Eagle, which grew 18% YoY at an ~4% EBITDA margin. Reebok alone posted 30% Q4 FY26 growth from 210+ stores, with management targeting 40-50 new Reebok stores per year for several years. The retail network reached 3,348 exclusive brand outlets across ~800 cities and 4.9 million sq ft in FY26 after 300+ net additions, while e-commerce sales crossed ₹1,000 crore. Costs are dominated by other operating expenses at 32.3% of revenue, followed by materials at 12.8%, employees at 11.2% and depreciation at 9.5%; management flagged crude oil and polyester inflation as a near-term margin headwind. FY27 capex is guided at ₹250-300 crore with ~300 net new stores planned, and the company targets becoming debt-free within ~3 years. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Lifestyle Brands, Emerging Business, E-commerce channel. Brand-led specialty retail of apparel and footwear, operated through a large owned exclusive-store network; recently demerged as an independent listed entity
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 8,396 |
| EBITDA (ex other income) | 1,295 |
| margin % | 15.4 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 1.41 |
| ROE % · ROCE % | 12.1 · 13.2 |
| Debt / equity (x) | 0.59 |
| Cash from operations | 1,219 |
| Capex | (326) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 1,841 | 2,038 | 2,343 | 2,174 | 2,046 |
| Profit before tax | 28 | 31 | 91 | 70 | 39 |
| Net profit | 24 | 23 | 69 | 55 | 29 |
| EPS (₹) | 0.20 | 0.19 | 0.57 | 0.45 | 0.24 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TRENT LTD | 1,54,511 | 63.0 | 21.74 | 41.1 | 24.2 | 26.2 | 50.6 | 20.1 |
| LENSKART SOLUTIONS LTD | 1,19,913 | 180.1 | 13.55 | 62.3 | 5.7 | 5.8 | — | 24.2 |
| VEDANT FASHIONS LIMITED | 11,751 | 29.1 | 7.69 | 16.1 | 8.5 | 8.4 | — | 52.7 |
| ADITYA BIRLA LIFES BRAN L ◆ | 8,818 | 49.8 | 6.24 | 6.9 | 12.1 | 5.0 | — | 16.0 |
| ADITYA VISION LIMITED | 7,243 | 52.0 | 10.52 | — | 17.0 | 17.4 | — | 10.6 |
| V2 RETAIL LIMITED | 5,667 | 3.6 | 6.28 | 12.0 | 18.0 | 14.2 | 41.6 | 14.1 |
| ADITYA BIRLA FASHION & RT | 4,870 | — | 0.78 | 7.0 | (13.3) | (7.1) | 9.3 | 8.5 |
| ARVIND FASHIONS LIMITED | 4,855 | 40.5 | 4.18 | 7.4 | 15.8 | 12.9 | 19.1 | 13.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 49.8 | 26.0 | 14 of 19 | 28% |
| P/B | 6.2 | 3.9 | 9 of 14 | 39% |
| ROCE | 5.0 | 10.0 | 15 of 20 | 26% |
| ROE | 12.1 | 11.7 | 7 of 14 | 54% |
| Debt / Equity | 0.6 | 0.1 | 13 of 14 | 8% |
| EBITDA margin | 16.0 | 15.7 | 7 of 14 | 54% |
| Revenue growth | 11.2 | 16.6 | 11 of 16 | 33% |
| Profit growth | 20.6 | 20.6 | 7 of 13 | 50% |
| Market cap | 8818 | 724 | 4 of 20 | 84% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Earnings call for Q2 FY27 results scheduled for November 2, 2026 | board shareholder meetings | low | — | — |
| 27 Oct 2026 · Board meeting set for Q2 and half-year results | results | low | — | — |
| 9 Oct 2026 · ICICI Prudential MF crosses 5 percent in Aditya Birla Lifestyle Brands | ownership changes | high | — | — |
| 8 Oct 2026 · Routine SEBI Regulation 74(5) compliance certificate submitted for Q2 FY27 | compliance | minimal | — | — |
| 5 Oct 2026 · Newspaper publication of Postal Ballot Notice dispatch | compliance | minimal | — | — |
| 3 Oct 2026 · Postal ballot seeks approval for ESOP and PSU Scheme 2026 | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 17 Sept 2026 · Full repayment of 150 crore commercial paper on maturity | credit debt | medium | — | — |
| 20 Aug 2026 · 2nd AGM: All 4 resolutions passed, Rs 0.50 equity dividend confirmed | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · ABLBL 2nd AGM held; MD Dikshit outlines FY26 performance and growth priorities | investor communications | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.