Aditya Birla Fashion and Retail narrows losses as revenue hits ₹1,990 cr
ABFRL cut its net loss to ₹164 crore this quarter. Revenue grew 16% as the company lifted margins in its ethnic wear and digital-first portfolios.
— 6 earlier stories on Aditya Birla Fashion and Retail Ltd. →What's new
- Consolidated revenue climbed 16% to ₹1,990 crore for the quarter ended March 2026.
- Pantaloons revenue grew 19%, while the TMRW digital-first segment surged 45%.
- EBITDA margins rose to 11.5% from 10.3% a year ago.
Why this matters
The company is successfully trimming losses while scaling its high-growth digital and ethnic segments. A 390 basis point margin gain in ethnic wear shows the turnaround is working at the unit level.
What we're watching
- Whether the narrowing net loss trend continues into FY27.
- Further margin gains from the TMRW digital-first brand portfolio.
- The pace of store additions as the retail footprint reaches 7.9 million square feet.
The full read
Aditya Birla Fashion and Retail reported consolidated revenue of ₹1,990 crore for the quarter ended March 2026. This is a 16% increase over the previous year. The company narrowed its net loss to ₹164 crore, down from ₹267 crore in the same period last year. Operating performance improved as EBITDA before revaluation gains rose 29% to ₹229 crore. Margins reached 11.5% from 10.3% a year ago. Growth was broad-based, with the Pantaloons format rising 19% and the TMRW digital-first brands jumping 45%. The ethnic wear portfolio was a standout, delivering a 390 basis point margin gain. With 70 new stores added this quarter, the company now operates 7.9 million square feet of retail space.
It is working.
The results show a clear shift in the company's profitability trajectory as it works through its strategic turnaround.
Questions answered
- How did the company's profitability change compared to last year?
- Net loss narrowed to ₹164 crore from ₹267 crore in the same period last year. EBITDA before revaluation gains rose 29% to ₹229 crore.
- Which business segments drove the revenue growth?
- Growth was led by a 19% increase in the Pantaloons format and a 45% jump in the TMRW digital-first brands.
- What happened to margins during the quarter?
- Consolidated EBITDA margins rose to 11.5% from 10.3% a year earlier. The ethnic wear portfolio specifically saw a 390 basis point margin gain.
- How much did the retail footprint grow?
- The company added 70 new stores during the quarter. This brings the total retail footprint to 7.9 million square feet.
Story so far
All notes on ABFRL →- 25 May 2026 · 5:47 PM IST Aditya Birla Fashion and Retail narrows losses as revenue hits ₹1,990 cr
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