Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q4 FY26 Earnings Presentation
31 slides from Aditya Birla Fashion And Retail's earnings presentation, May 25, 2026
Slide 1: Investor Presentation Q4 & FY26 filing letter to exchanges
May 25, 2026 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Investor Presentation of Aditya Birla Fashion and Retail Limited (“Company”) for Q4 & FY26 Ref.: 1. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Slide 2: Q4FY26 Performance Highlights
Q4FY26 PERFORMANCE HIGHLIGHTS
Slide 3: Contents
CONTENTS Market Update 01 Q4 & 12M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 4: Market Update
Market Update Consumption trend Low wedding dates this remains stable quarter vs LY • Demand in line with last quarter • No wedding dates in January • Geopolitical factors emerging • Dates in Feb–Mar more clustered • Risk to input costs and vs last year consumer sentiment Omni-channel central to Val
Slide 5: Contents
CONTENTS Market Update 01 Q4 & 12M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 6: ABFRL Network
ABFRL NETWORK 1 4 Retail format stores; 2 Brand Stores 478 685 17 5 26 4 3 12 24 20 8 75 1 28 2 41 Footprint 13 Masstige & Value Ethnic Brand 19 62 10 19 12 1 2 Retail Stores* (million sq. ft.) 23 1 2 2 Stores 60 7 52 2 15 15 13 7.3 7.9 30 30 13 14 10 69 9 50 Mar’25 Mar’26 60 94 34 56 3 16 TMRW Bran
Slide 7: Q4 Highlights
Q4 HIGHLIGHTS Strong overall growth of 16%, Strong YoY improvement in aided by 17% growth in Pantaloons operating performance format • EBITDA* grew 29%, margin up 120 bps • Highest organic growth in last 12 quarters • Ethnic margin expanded 390bps for the company • Pantaloons segment margin up • Pan
Slide 8: ABFRL Highlights | Q4
ABFRL HIGHLIGHTS | Q4 ABFRL Consolidated (In ₹ Cr.) Q4 FY25 Q4 FY26 Growth (vs. LY) Comparable* Reported Revenue 1719 1990 16% • Sales up by 16% vs LY EBITDA before revaluation gain in associate 177 229 29% • Normalized EBITDA grew 29% vs LY Revaluation gain in associate# 22 83 EBITDA 199 311 57% EB
Slide 9: ABFRL Highlights | Q4 | Segmental
ABFRL HIGHLIGHTS | Q4 | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials Vs ( In ₹ Cr.) Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 FY25 Pantaloons Segment 885 1048 19% 134 162 15.1% 15.5% Ethnic Businesses 564 583 3% 57 81 10.0% 13.9% TMRW 145 211 45% -60 -45 -41.3% -21.2% Other
Slide 10: FY26 Highlights
FY26 HIGHLIGHTS Drove double digit revenue growth …with sustained impetus on this fiscal… margin expansion • Overall growth at 11% YoY • EBITDA* grew 23% YoY, margin up ~100bps • Pantaloons segment up 4% vs LY • Ethnic margin up 560 bps • Ethnic grew 14% YoY • TMRW margins continue to • Luxury up 15
Slide 11: ABFRL Highlights | 12M
ABFRL HIGHLIGHTS | 12M ABFRL Consolidated (In ₹ Cr.) FY25 FY26 Comparable* Reported Growth (vs. LY) Revenue 7355 8177 11% • Sales up by 11% vs LY EBITDA before revaluation gain in associate 736 903 23% • Normalized EBITDA grew 23% vs LY Revaluation gain in associate# 22 64 EBITDA 758 967 28% EBITDA
Slide 12: ABFRL Highlights | 12M | Segmental
ABFRL HIGHLIGHTS | 12M | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials Vs ( In ₹ Cr.) FY25 FY26 FY25 FY26 FY25 FY26 FY25 Pantaloons Segment 4373 4560 4% 741 739 16.9% 16.2% Ethnic Businesses 1956 2227 14% 102 242 5.2% 10.8% TMRW 651 872 34% -206 -207 -31.6% -23.8% Others 517 596 1
Slide 13: Contents
CONTENTS Market Update 01 Q4 & 12M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 14: ABFRL Portfolio
ABFRL PORTFOLIO MASSTIGE/VALUE RETAIL ETHNIC BRANDS LUXURY RETAIL DIGITAL FIRST BRANDS Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 15: Masstige/Value Retail
Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 16: Pantaloons Q4FY26 and FY26 Update
Q4FY26 Update ▪ Segment revenue at Rs. 1048 Cr; up 19% YoY ▪ Pantaloons format LTL at 14% ▪ Segment EBITDA margin at 15.5%, 40 bps expansion ▪ 16 new stores added across both formats – 4 Pantaloons & 12 OWND ▪ Strategic shift in consumer proposition driving business momentum for Pantaloons ▪ Premium
Slide 17: Pantaloons Sea-Port Kochi Store
PANTALOONS SEA-PORT KOCHI STORE PANTALOONS SEA-PORT KOCHI STORE Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 18: Pantaloons Category and Ownership Mix
Update CATEGORY MIX Q4 FY25 Q4 FY26 Non-Apps 11% 11% 17% 17% Women’s Western Men 21% 22% 16% 16% Women’s Ethnic 35% 34% Kids OWNERSHIP MIX Q4 FY25 Q4 FY26 11% 10% Others 25% 27% Own Brands ABFRL + ABLBL Brands 62% 65% Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 19: Most Comprehensive Ethnic Portfolio
Most Comprehensive Ethnic Portfolio APPAREL | BEAUTY | ACCESSORIES | JEWELRY DESIGNER LED BRANDS • Scalable platform spanning well-known & marquee premium and designer led brands • India’s largest & most comprehensive ethnic wear portfolio • 2200 Cr+ annual revenue • 680+ stores across brands • 80+
Slide 20: Designer Led Brands
DESIGNER LED BRANDS • Largest designer wear business in India • Celebrated 30 years with showcasing • Young differentiated designer brand • Consistent performance across both (600 Cr+) curated collections, highlighting craft and across fashion, beauty and couture & pret culture accessories • Continu
Slide 21: Premium Ethnic Wear Brands
PREMIUM ETHNIC WEAR BRANDS Business gains scale with improvement in profitability Strong double-digit growth Business model strengthened to drive profitable growth • 38% YoY growth this fiscal with double digit LTL • Grew 26% YoY this quarter and 23% YoY in FY26 • Rejuvenated retail : Positive LTL f
Slide 22: L A F A S H I O
Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 23: First Flagship W Store – Sky City Mall Borivali, Mumbai
FIRST FLAGSHIP W STORE – SKY CITY MALL BORIVALI, MUMBAI FIRST FLAGSHIP W STORE – SKY CITY MALL BORIVALI, MUMBAI Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 24: Luxury Retail
LUXURY RETAIL Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 25: Luxury Retail
LUXURY RETAIL • The Collective & Mono brands (TCMB) portfolio continued to grow profitably • Posted 9% YoY growth in FY26 driven by network expansion & sustained E-com momentum • Total network for TCMB, including Mono brands, now at 49 stores • 8 new stores added in FY26 • Galeries Lafayette sees st
Slide 26: Portfolio of Digital-First Brands
PORTFOLIO OF DIGITAL-FIRST BRANDS Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 27: Digital-First Brands growth momentum
• Consistent high growth momentum • Portfolio grew 45%* YoY in Q4 FY26 with >30% across all brands • Growth led by new category extensions & high-impact marketing campaigns • Brands cash losses reduced YoY by >50% this quarter • Strengthening unit economics via premiumization & discipline execution
Slide 28: Contents
CONTENTS Market Update 01 Q4 & 12M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q4FY26 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 29: ABFRL Profit & Loss Statement
ABFRL |Profit & Loss Statement ABFRL Consolidated Particulars (Rs. Cr.) Q4 FY25 Q4 FY26 FY25 FY26 Revenue from Operations 1719 1990 7355 8177 Other Income 96 124 196 310 Total Income 1815 2114 7550 8487 EXPENSES Cost of Materials Consumed 185 9 523 633 Purchases of Stock-in-Trade 742 887 2756 3156 C
Slide 30: ABFRL Balance Sheet
ABFRL |Balance Sheet ABFRL Consolidated (Rs. Cr.) Mar-25 Mar-26 Net worth 6813 6263 Net Debt -929 149 Gross Debt 1439 1695 Cash and Liquid Investments 2367 1545 Lease Liability 3578 4495 Deferred Tax Liabilities 400 380 Capital Employed 9863 11286 Asset Net Block (incl. CWIP) 3932 3988 Goodwill 2671
Slide 31: 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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