Aditya Birla Fashion and Retail Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
ABFRL reported Q1 FY27 revenue of Rs 2,026 crore, up 11% year-on-year, with EBITDA of Rs 167 crore at an 8.2% margin, a decline management attributed to lower treasury income and continued investment in newer businesses. Established businesses grew high-single digits with stable margins while newer businesses like TMRW, OWND and Tasva grew around 30% year-on-year. Management said occasion-led consumption was moderated by Adhik Maas affecting the wedding season, and that TMRW's cash losses narrowed further during the quarter.
ABFRL reported Q4 FY26 revenue growth of 16% year-on-year to INR1,990 crores, with Pantaloons delivering 19% growth and TMRW growing 45%. Adjusted for one-off gains in both years, EBITDA grew 29% year-on-year with margins at 11.5%, while the ethnic business saw margin expansion of 390 basis points due to reduced TCNS losses. Management discussed a strategic reset in Pantaloons over the past 18 months, raw material inflation of 3-5%, and plans to remain FCF positive at the standalone level by FY29.