Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q2 FY26 Earnings Presentation
32 slides from Aditya Birla Fashion And Retail's earnings presentation, Nov 4, 2025
Slide 1: Exchange filing letter: Investor Presentation of Board Meeting
November 4, 2025 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Investor Presentation of the Board Meeting of the Company Ref.: 1. Regulation 30 (read with Schedule III - Part A), of the Securities and Exchange Board of India (Listing Obligations and Disc
Slide 2: Q2FY26 Performance Highlights
Q2FY26 Performance Highlights
Slide 3: Contents
CONTENTS 01 Market Update 02 Q2 & H1 Highlights 03 Performance of Key Portfolios 04 Financials Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 4: Market Update
Market Update Underlying demand Early festive offsets weak remained sluggish wedding calendar ▪ Cautious consumer sentiment ▪ Partial festive shift to Q2 boosts persists demand ▪ Ongoing steps to drive long-term ▪ Further supported by advance in recovery online events & rollout of GST 2.0 Steady dem
Slide 5: Contents: Q2 & H1 Highlights
CONTENTS 01 Market Update 02 Q2 & H1 Highlights 03 Performance of Key Portfolios 04 Financials Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 6: ABFRL Network
ABFRL Network 1 4 Retail format stores; 2 Brand Stores 17 5 23 4 3 11 21 21 9 65 1 Footprint 11 28 42 2 12 20 (million sq. ft.) 462 653 17 62 10 1 2 1 20 2 2 7 53 2 Masstige & Value Ethnic Brand 59 14 7.2 7.5 14 13 28 Retail Stores Stores* 28 13 14 10 9 61 Sep’24 Sep’25 46 29 86 31 49 Luxury Retail
Slide 7: Q2 Highlights
Q2 HIGHLIGHTS Strong double-digit Expanding across the growth value–luxury spectrum ▪ Revenue up 13% vs LY led by strong ▪ Launch of OWND start to festive season ▪ Targeting 40–50 new store ▪ Pantaloons segment reported 6% additions this fiscal YoY growth ▪ Galeries Lafayette debuts India’s first ▪
Slide 8: ABFRL Highlights | Q2
ABFRL HIGHLIGHTS | Q2 ABFRL Consolidated (In ₹ Cr.) Growth Q2 FY25 Q2 FY26 (Vs. LY) Revenue 13% 1761 1982 ▪ Sales up by 13% vs LY EBITDA 108 116 7% ▪ EBITDA grew 7% YoY EBITDA Margin ▪ Margin impacted due to higher 6.2% 5.9% marketing spends (~200 bps up YoY), EBIT -178 -209 across the portfolio PBT
Slide 9: ABFRL Highlights | Q2 | Segmental
ABFRL HIGHLIGHTS | Q2 | Segmental Revenue Growth EBITDA EBITDA% Consolidated Financials (₹ Cr.) Vs Q2 FY25 Q2 FY26 FY25 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Pantaloons Segment 1082 1142 6% 162 157 15.0% 13.7% Ethnic Businesses 454 505 11% -14 -1 -3.1% -0.3% TMRW 175 222 27% -38 -62 -21.8% -27.9% Others 1
Slide 10: ABFRL Highlights | H1
ABFRL HIGHLIGHTS | H1 ABFRL Consolidated (In ₹ Cr.) Growth H1 FY25 H 1 FY26 (Vs. LY) Revenue 3435 3813 11% ▪ Consolidated sales up 11% vs LY EBITDA 231 286 24% ▪ EBITDA grew 24% YoY EBITDA Margin 6.7% 7.5% ▪ Margin expanded by 80 bps EBIT -324 -355 PBT (before exceptional) -598 -593 Exceptional item
Slide 11: ABFRL Highlights | H1 | Segmental
ABFRL HIGHLIGHTS | H1 | Segmental Revenue Growth EBITDA EBITDA% Consolidated Financials (₹ Cr.) Vs H 1 FY25 H 1 FY26 FY25 H 1 FY25 H1 FY26 H 1 FY25 H 1 FY26 Pantaloons Segment 2184 2236 2% 356 344 16.3% 15.4% Ethnic Businesses 804 941 17% -68 0 -8.4% 0.0% TMRW 318 419 32% -84 -125 -26.5% -29.7% Othe
Slide 12: Contents: Performance of Key Portfolios
CONTENTS 01 Market Update 02 Q2 & H1 Highlights Performance of Key 03 Portfolios 04 Financials Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 13: ABFRL Portfolio
ABFRL Portfolio MASSTIGE/VALUE RETAIL ETHNIC BRANDS LUXURY RETAIL DIGITAL FIRST BRANDS Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 14: Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 15: Pantaloons Retail Sept 2025
▪ Segment revenue at Rs. 1142 Cr; up 6% vs LY ▪ LTL for Pantaloons stood at 7% ▪ OWND grew 43% vs LY ▪ EBITDA margin at 13.7%, impacted due to OWND losses & marketing investments in Pantaloons ▪ Investment in Pantaloons brand proposition ▪ #SparkYourImagination campaign embodied brand’s refreshed po
Slide 16: Pantaloons Update
Update Q2FY25 Q2FY26 Non-Apps 16% 11% 17% 10% Category Women’s Western 20% Mix 17% 21% 17% Men Women’s Ethnic Kids 35% 36% Q2FY25 Q2FY26 Ownership 25% 26% Others Mix ABFRL+ABLBL Brands 11% 64% 12% 62% Own Brands Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 17: 'SparkYourImagination' festive campaign
‘SparkYourImagination’ festive campaign Click on images to view the campaign
Slide 18: 'Hok Tomar Agomon' Pujo campaign
‘Hok Tomar Agomon’ Pujo campaign Click on images to view the campaign
Slide 19: Launch of OWND - Bold & Distinctive Proposition for GenZ
Launch of OWND - Bold & Distinctive Proposition for GenZ
Slide 20: Most Comprehensive Ethnic Portfolio
Most Comprehensive Ethnic Portfolio APPAREL | BEAUTY | ACCESSORIES | JEWELRY Designer Led Brands Premium Ethnic Wear Brands Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 21: Designer Led Brands
Designer Led Brands ▪ Another 100 Cr+ quarter, up 60% YoY ▪ Double digit growth in fashion business ▪ ‘Pret’ revenue grew ~7% YoY this ▪ Revenue in Q2 grew ~15% vs LY ▪ Growing profitability vs LY in Q2 quarter ▪ Strong double digit L2L growth ▪ Steady traction in ▪ Exited the quarter with 21 stores
Slide 22: Premium ethnic wear brands
Premium ethnic wear brands ▪ Grew 58% vs LY despite very few wedding ▪ Posted 20%+ growth led by store additions Stated turnaround strategy in action dates & LTL growth ▪ Industry leading LTL of 19% in Q2 ▪ 5th consecutive quarter of double digit LTL ▪ LTL growth sustained over multiple ▪ E-com chan
Slide 23: #HameshaTrending Festive campaign
#HameshaTrending Festive campaign Click on images to view the campaign
Slide 24: Luxury Retail
Luxury Retail Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 25: Luxury Retail
Luxury Retail ▪ The Collective & Mono brands business posted 13% YoY growth ▪ Driven by mid-single digit LTL growth and sustained E- com momentum ▪ E-com was up >20% vs LY ▪ Business continued its profitable growth trajectory ▪ Added 2 new stores this quarter ▪ Total network, including Mono brands,
Slide 26: ABFRL and Galeries Lafayette unveil India's first luxury department store
ABFRL and Galeries Lafayette unveil India’s first luxury department store at Kala Ghoda, Mumbai
Slide 27: Portfolio of digital-first brands
Portfolio of digital-first brands
Slide 28: TMRW
TMRW ▪ Revenue increased by 27%* YoY in Q2 FY26, 32%* in H1 ▪ Brands continue to expand categories and premiumize product portfolio via new launches ▪ Building a seamless, omni-channel distribution engine for growth ▪ Added 4 new stores* in Q2, now available at 29 exclusive stores* across 10+ cities
Slide 29: Contents: Financials
CONTENTS 01 Market Update 02 Q2 & H1 Highlights 03 Performance of Key Portfolios 04 Financials Q2 FY26 ADITYA BIRLA FASHION & RETAIL
Slide 30: ABFRL | Profit & Loss Statement
ABFRL | Profit & Loss Statement ABFRL Consolidated Profit & Loss In Rs. Cr. Q2 FY25 Q2 FY26 Revenue from Operations 1761 1982 Other Income 31 55 Total Income 1792 2036 EXPENSES Cost of Materials Consumed 143 145 Purchases of Stock-in-Trade 962 1095 Changes in Inventories -294 -405 Employee Benefits
Slide 31: ABFRL | Balance Sheet
ABFRL | Balance Sheet ABFRL Consolidated Balance Sheet Rs. Cr. Mar-25 Sep-25 Net worth 6813 6690 Gross Debt 1439 1716 Cash and Liquid Investments 2367 2150 Lease Liability 3578 3949 Deferred Tax Liabilities 400 390 Capital Employed 9863 10596 Net Block (incl. CWIP) 3932 3936 Goodwill 2671 2671 Right
Slide 32: Disclaimer
DISCLAIMER Certain statements made in this presentation may not be based on historical information or facts and may be “forward lookingstatements” including, but not limited to, those relating to general business plans strategy of Aditya Birla Fashion and Retail Limited (“ its future outlook growth
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