Aditya Birla Fashion and Retail Ltd reports a 10.6% rise in consolidated revenue in Q1 fiscal year 2026, driven by growth across retail and digital brands, despite widening losses and margin pressures.
Aditya Birla Fashion and Retail Ltd posted a 10.6% rise in consolidated revenue from operations to ₹2,025.56 crore in the quarter to June 30, 2026, as its retail chain, digital-first labels and luxury arm all contributed to growth. The result came after a stronger finish to the previous financial year, when the company reported 16% revenue growth in the March quarter and said it had added more than 180 stores across FY26.
The business remained loss-making, however. Net loss widened slightly to ₹241.73 crore from ₹233.73 crore a year earlier, while loss attributable to owners of the company increased to ₹215.24 crore from ₹211.98 crore. EBITDA slipped to ₹167 crore from ₹169 crore and the margin narrowed to 8.2% from 9.3%, underscoring the pressure from costs even as sales improved.
Retail was again the main growth engine. The company ended June with 1,286 stores spanning more than 7.9 million sq ft, reflecting continued network expansion across formats. Pantaloons, one of its biggest businesses, lifted revenue 10% to ₹1,204 crore and kept EBITDA broadly steady at ₹192 crore, though the margin softened. The chain also delivered its best-ever online quarter, with e-commerce revenue rising 37% and accounting for about 5% of segment sales. ABFRL said store refreshes, sharper product selection and a stronger omnichannel offer supported the performance.
The younger-focused OWND format grew 55% year on year, helped by new openings, while TMRW, the company’s digital-first platform, reported 11% growth in primary sales and 16% in secondary sales. ABFRL said that indicates stronger sell-through to consumers, not just wholesalers, and noted that the mix is shifting further towards direct-to-consumer and offline channels. TMRW added more than 20 stores during the quarter and finished with over 140 exclusive brand stores, including WROGN. Cash losses continued to narrow as scale benefits began to show.
ABFRL’s ethnic wear portfolio posted revenue of ₹454 crore, up 4% from a year earlier, and now generates more than ₹2,200 crore annually across more than 670 stores. TASVA delivered 35% sales growth and extended its custom-fitted offer to 40 stores, while TCNS added eight stores and Jaypore reported double-digit growth, aided by e-commerce and a bigger retail footprint. The luxury business expanded 30%, supported by Galeries Lafayette, The Collective and mono-brand stores. The March-quarter results had already suggested momentum in premium categories, with analysts at Motilal Oswal saying the mix of growth remained attractive even as they flagged persistent losses and weak returns on capital.
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