India · Delayed Price · Currency is INR Aditya Birla Fashion and Retail Earnings Call Transcripts
Fiscal Year 2026
-
Q3 FY26 revenue grew 8% YoY to INR 2,374 crore with 13% EBITDA growth and margin expansion. Ethnic and luxury segments outperformed, while Pantaloons and TCNS are set for renewed expansion. Net cash stood at INR 600 crore.
-
Q2 FY26 delivered 13% YoY revenue growth, with strong like-for-like gains across all segments, especially Ethnic and Pantaloons. Margins were impacted by higher marketing spend, but profitability and cash generation are expected to improve in H2.
-
Q1 FY26 delivered 9% YoY revenue growth and 38% EBITDA growth, led by strong performance in ethnic and TMRW segments. Pantaloons maintained margin strength, while new investments and store expansions are set to drive future growth.
Fiscal Year 2025
-
Demerger created two focused entities, each delivering strong Q4 growth and margin expansion despite macro headwinds. Aggressive retail expansion and margin improvement are planned, with robust cash positions supporting growth across premium, value, and ethnic segments.
-
The group is entering a new phase focused on organic growth, profitability, and capital efficiency after a period of heavy investment and portfolio expansion. Both ABLBL and ABFRL are positioned for robust growth, with clear strategies for each business segment, improved balance sheets, and a disciplined approach to capital allocation.
-
Q3 FY25 delivered 3% revenue growth and 13% EBITDA growth YoY, with margin expansion across segments despite subdued consumption. Strategic demerger, robust fundraise, and aggressive store expansion position the business for accelerated growth and improved profitability.
-
Q2FY25 saw 13% revenue growth and improved margins despite subdued demand, with all brands posting positive like-to-like growth. The TCNS acquisition was completed, Pantaloons and ethnic segments showed strong profitability gains, and expansion is focused on urban markets.
-
Q1 FY25 revenue grew 7% YOY to INR 3,428 crore, with EBITDA up 15% and margin expansion across key segments. Despite weak demand and a subdued wedding season, new businesses and cost controls drove profitability, while TCNS and TMRW investments impacted PAT. H2 is expected to see stronger demand and improved performance.