ABFRL Reports 16% Revenue Growth in Q4FY26, Driven by Pantaloons and TMRW Performance

ABFRL Reports 16% Revenue Growth in Q4FY26, Driven by Pantaloons and TMRW Performance​

Aditya Birla Fashion and Retail Limited (ABFRL) announced the approval of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, by its Board of Directors. The company reported robust growth across key segments, highlighted by a 16% year-over-year revenue increase in Q4 FY26.

Financial Performance Overview​

The company’s financial results for the quarter and full year are detailed below. These financials are post factoring necessary adjustments under Ind AS.

ABFRL Financials - Quarter 4 (Q4 FY26)


ABFRL Financials - Full Year (FY26)


Note: FY25 EBITDA is Excluding one-off gain related to de-merger (~97 Cr).

Quarterly and Full Year Highlights​

For the quarter ending March 31, 2026, ABFRL posted 16% growth year-over-year, achieving revenues of Rs. 1990 Cr.

The company reported several performance highlights:

• Segment Growth: Strong organic performance was noted, with the Pantaloons segment up 19% year-over-year, while the TMRW segment saw a revenue increase of 45% year-over-year. The Luxury segment recorded 13% growth versus the previous year, supported by strong early consumer traction at the recently opened Galeries Lafayette store.
• E-commerce Channel: The e-commerce channel grew over 30% year-over-year, attributed to enhanced omni-channel strategies and faster fulfillment capabilities.
• Profitability: ABFRL EBITDA for the quarter stood at Rs. 311 Cr., marking a 57% increase from the FY25 EBITDA. The EBITDA margin improved by approximately 410 basis points versus FY25 EBITDA*, settling at 15.7%.
• Expansion: ABFRL expanded its retail presence by adding over 180 gross stores in FY26, with roughly 120 of these added in the second half of the year. The total store area now exceeds 7.9 Mn sq.ft., reflecting a net addition of approximately 0.6 Mn sq.ft. in FY26.
• Cash Position: The company closed Q4 FY26 with gross cash of Rs. 1545 Cr., with standalone cash holding at Rs. 1144 Cr.
• Annual Figures: For the full year, total revenue reached Rs. 8177 Cr., up 11% year-over-year, with EBITDA reaching Rs. 967 Cr., representing 28% growth year-over-year over FY25 EBITDA*.

Segment Deep Dive​

Masstige & Value Retail
The Masstige & Value Retail segment recorded one of the highest year-over-year growth quarters, achieving revenues of Rs. 1048 Cr. This segment's EBITDA Margin stood at 15.5%, improving 40 basis points from the previous year. The segment's refreshed strategy, focused on premiumization and enhanced store experiences, strengthened brand perception. During the quarter, Pantaloons opened 4 new stores while closing 11, bringing the overall store count to 399. OWND further expanded its footprint with 12 new store additions, bringing its total store count to 79.

Ethnic Brands
The ethnic portfolio reached an annual revenue scale of over Rs. 2200 Cr. The designer-led ethnic portfolio continued strong growth, supported by focused category extensions. Profitability improved further across the premium ethnic wear brands. The TCNS portfolio reported strong retail performance, achieving approximately 7% like-for-like (LTL) growth in Q4. The business added 11 stores during the quarter and launched its first W flagship store in Mumbai. TASVA, the men's premium ethnic wear brand, reported a 33% year-over-year sales growth during the quarter, driven by strong LTL growth and network expansion. Additionally, Jaypore grew double digits with 26% growth during the quarter, bringing its retail network to 44 stores.

Luxury Retail
The Collective & Mono Brands (TCMB) business continued to grow profitably, maintaining a total network of 49 stores. Galeries Lafayette, India's first flagship luxury department store, commenced operations in November 2025 and has demonstrated strong early consumer traction.

TMRW
The TMRW portfolio delivered 45% year-over-year growth in Q4. This performance was underpinned by category extensions and high-impact marketing campaigns. The platform also continued building its omni-channel presence, closing the quarter with approximately 120 stores nationwide.

ABFRL Stock Price Movement​

Shares of Aditya Birla Fashion and Retail Limited today slipped by 0.37% to close at ₹67.36. The stock saw significant activity in the session, trading on a volume of 3.63 million shares.