Aditya Birla Fashion And Retail Ltd · NSE:ABFRL
Aditya Birla Fashion And Retail — Q3 FY26 Earnings Presentation
30 slides from Aditya Birla Fashion And Retail's earnings presentation, Feb 5, 2026
Slide 1: Investor Presentation of the Board Meeting
February 5, 2026 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: Q3 FY26 Performance Highlights
Q3 FY26 PERFORMANCE HIGHLIGHTS
Slide 3: Contents
CONTENTS Market Update 01 Q3 & 9M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q3FY26 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 Demand environment Festive calendar shift remains soft • High base LY weighed on • Consumer footfalls weaker than growth this year expected • Shift impacted sales primarily in • Lower tier markets hold steady East & North Occasion wear driving Pursuit of new levers of growth growth • R
Slide 5: Contents
CONTENTS Market Update 01 Q3 & 9M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q3FY26 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 473 Masstige & Value 665 Ethnic Brand 1 4 Retail format stores; Stores* Brand Stores Retail Stores 2 17 5 24 4 3 11 25 21 9 30 69 1 2 50 38 12 41 20 12 19 60 10 21 1 2 1 2 2 2 Luxury Retail TMRW Brand 61 14 16 7 13 53 30 Stores Stores** 28 13 14 11 64 9 83 32 7.2 7.7 54 Footprint 3 45
Slide 7: Q3 Highlights
Q3 HIGHLIGHTS Rapid growth across all new ABFRL grew at 8% YoY businesses ▪ Overall growth moderated on account ▪ Ethnic business at ~Rs. 2200 Cr ARR of impact in masstige & value segment ▪ Posted growth of 20% in Q3 ▪ Pujo shift to Q2 this year vs Q3 last year ▪ Luxury grew 27% YoY ▪ Conscious post
Slide 8: ABFRL Highlights | Q3
ABFRL HIGHLIGHTS | Q3 ABFRL Consolidated (₹ in Cr.) Growth Q3 FY25 Q3 FY26 (vs. LY) Revenue 2201 2374 8% ▪ Sales up by 8% vs LY EBITDA 328 370 13% ▪ EBITDA grew 13% YoY EBITDA Margin 14.9% 15.6% ▪ Margin up 70 bps YoY EBIT 31 20 `` ▪ EBIT down vs LY on account of higher PBT normalized -119 -112 depr
Slide 9: ABFRL Highlights | Q3 | Segmental
ABFRL HIGHLIGHTS | Q3 | Segmental Revenue Rev Gr% EBITDA EBITDA Gr% EBITDA% Consolidated Financials (₹ In Cr.) Vs Vs Q3 FY25 Q3 FY26 FY25 Q3 FY25 Q3 FY26 FY25 Q3 FY25 Q3 FY26 Pantaloons Segment 1305 1276 -2% 252 233 -7% 19.3% 18.2% Ethnic Businesses 588 703 20% 113 160 41% 19.2% 22.7% TMRW 187 242 2
Slide 10: ABFRL Highlights | 9M
ABFRL HIGHLIGHTS | 9M ABFRL Consolidated (₹ in Cr.) Growth 9M FY25 9 M FY26 (vs. LY) Revenue 5635 6187 10% ▪ Sales up by 10% vs LY EBITDA 559 655 17% ▪ EBITDA grew 17% YoY EBITDA Margin 9.9% 10.6% ▪ Margin up 70 bps vs LY despite `` spends (~100 higher marketing EBIT -293 -335 bps higher YoY) PBT no
Slide 11: ABFRL Highlights | 9M | Segmental
ABFRL HIGHLIGHTS | 9M | Segmental Revenue Rev Gr% EBITDA EBITDA Gr% EBITDA% Consolidated Financials (₹ In Cr.) Vs Vs 9 M FY25 9 M FY26 FY25 9 M FY25 9M FY26 FY25 9 M FY25 9 M FY26 Pantaloons Segment 3488 3512 1% 607 577 -5% 17.4% 16.4% Ethnic Businesses 1392 1644 18% 45 160 254% 3.3% 9.7% TMRW 506 6
Slide 12: Contents
CONTENTS Market Update 01 Q3 & 9M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q3FY26 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 13: ABFRL Portfolio
ABFRL PORTFOLIO MASSTIGE/VALUE RETAIL ETHNIC BRANDS LUXURY RETAIL DIGITAL FIRST BRANDS Q3FY26 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: Masstige/Value Retail
Q3FY26 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: Pantaloons Retail Network
▪ Segment revenue at Rs. 1276 Cr; 98% of LY due to shift in Pujo & EOSS ▪ Adjusting for Pujo and EOSS shift, Pantaloons LTL stood at 3% ▪ OWND grew 54% vs LY ▪ Segment EBITDA margin at 18.2%, lower vs LY on account of ▪ Marginal dip in Pantaloons format due to sales shift ▪ OWND losses built in ▪ Pa
Slide 16: Pantaloons Update: Category and Ownership Mix
Update CATEGORY MIX 17% 10% 17% 11% Non-Apps Women’s Western 20% 22% 15% 14% Men Women’s Ethnic 38% 36% Kids Q3 FY25 Q3 FY26 OWNERSHIP MIX 26% 27% 26% Others ABFRL+ABLBL Brands 62% 62% 12% 62% 11% 12% Own Brands Q3 FY25 Q3 FY26 Q3FY26 ADITYA BIRLA FASHION & RETAIL
Slide 17: Most Comprehensive Ethnic Portfolio
Most Comprehensive Ethnic Portfolio APPAREL | BEAUTY | ACCESSORIES | JEWELRY ▪ Scalable platform spanning well-know & marquee premium Designer Led Brands and designer led brands ▪ India’s largest & most comprehensive ethnic wear portfolio ▪ 2000 Cr+ annual revenue ▪ 650+ stores across brands ▪ Consi
Slide 18: Designer Led Brands
Designer Led Brands ▪ First ever 200 Cr+ revenue quarter, up ▪ Revenue in Q3 grew ~14% vs LY ▪ 19% growth in Q3 vs LY ▪ Revenue grew ~18% YoY this quarter 44% YoY ▪ Strong double digit profitability ▪ Improving profitability ▪ Strong growth across apparel, ▪ Strengthening womenswear across accessori
Slide 19: Sabyasachi Bengaluru Store
Sabyasachi Bengaluru Store Q3FY26 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 20: Premium Ethnic Wear Brands
Premium Ethnic Wear Brands ▪ Business grew 26% vs LY with better profitability ▪ Posted 35% growth led by store additions Foundations in place to accelerate growth from here on ▪ YTD LTL @20% & LTL growth ▪ Multi-quarter trend of strong LTL growth ▪ Opened 8 new stores in Q3 ▪ E-com sales grew to 1.
Slide 21: TASVA Campaign
TASVA Campaign Click on image to view Q3FY26 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 22: Luxury Retail
Luxury Retail Q3FY26 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: Luxury Retail
Luxury Retail ▪ The Collective & Mono brands (TCMB) business posted 16% YoY growth driven by ▪ Strong LTL performance ▪ Continued network expansion ▪ Added 3 new stores this quarter; taking YTD additions to 8 stores ▪ Total network, including Mono brands, now at 49 stores ▪ Profitability expanded in
Slide 24: The Galeries Lafayette store, Mumbai saw strong early traction
The Galeries Lafayette store, Mumbai saw strong early traction
Slide 25: Portfolio of digital-first brands
Portfolio of digital-first brands Q3FY26 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 26: TMRW digital-first brands performance
▪ Revenue up by 29%* YoY in Q3 FY26, 31%* YTD FY26 ▪ Strong focus on own channels – D2C & Offline ▪ ~1100 Cr annual revenue run-rate with WROGN ▪ Continued differentiation via technology enhancements enabling ▪ Faster fulfillment ▪ More efficient marketing ▪ Improved replenishment ▪ Celebrity-led ca
Slide 27: Contents
CONTENTS Market Update 01 Q3 & 9M Highlights 02 Performance of Key Portfolios 03 Financials 04 Q3FY26 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 28: ABFRL | Profit & Loss Statement (Q3)
ABFRL | Profit & Loss Statement ABFRL Consolidated Profit & Loss ₹ In Cr. Q3 FY25 Q3 FY26 Revenue from Operations 2201 2374 Other Income 35 68 Total Income 2235 2442 EXPENSES Cost of Materials Consumed 112 269 Purchases of Stock-in-Trade 606 724 Changes in Inventories 232 -15 Employee Benefits Expen
Slide 29: ABFRL | Profit & Loss Statement (9M)
ABFRL | Profit & Loss Statement ABFRL Consolidated Profit & Loss ₹ In Cr. 9M FY25 9M FY26 Revenue from Operations 5635 6187 Other Income 100 186 Total Income 5735 6373 EXPENSES Cost of Materials Consumed 338 624 Purchases of Stock-in-Trade 2014 2269 Changes in Inventories 192 -299 Employee Benefits
Slide 30: 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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