Aditya Birla Fashion Q4 sees sharp rise in net loss at ₹148 crore; revenue up 16%

Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday (May 25) reported a wider consolidated net loss of ₹148.4 crore in the fourth quarter, compared with a loss of ₹16.87 crore in the same period last year.

Revenue grew 15.7% year-on-year to ₹1,990.1 crore from ₹1,719.5 crore. EBITDA declined 3.6% to ₹197.4 crore from ₹204.9 crore in the year-ago quarter. The EBITDA margin narrowed to 9.9% compared with 11.9% last year.

The company said it closed Q4 FY26 with gross cash of ₹1,545 crore, while standalone cash stood at ₹1,144 crore. It delivered its highest organic growth in the last 12 quarters. Pantaloons segment grew 19% year-on-year, while the luxury business rose 13% versus the previous year. TMRW revenue stood at 1.45 times that of the previous year.

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Operating performance improved on a year-on-year basis, with EBITDA rising 29% and margin expanding by 120 basis points. The ethnic wear segment margin expanded by 390 basis points, while the Pantaloons segment margin increased 40 basis points despite the OWND scale-up. TMRW reported reduced cash losses compared with the previous year.

The company reported positive like-to-like growth across retail segments, further supported by e-commerce expansion. Pantaloons format posted 14% like-to-like growth, while the ethnic portfolio recorded 4% like-to-like growth. Overall, e-commerce grew more than 30% year-on-year, while ex-TMRW growth was above 20% compared with the previous year.

Retail expansion continued during the quarter with 70 new stores added across businesses, driven by OWND, TMRW brands, TASVA and TCNS. Net addition in retail space stood at approximately 120,000 square feet.

Segment

Segment revenue for the quarter stood at ₹1,048 crore, up 19% year-on-year. Segment EBITDA margin was 15.5%, expanding 40 basis points. During the quarter, 16 new stores were added across both formats, including four Pantaloons stores and 12 OWND stores. The company noted a strategic shift in the consumer proposition for Pantaloons, supported by improved product offerings and upgraded store experiences.

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For the full year (FY26), revenue increased 11% year-on-year to ₹8,177 crore, with EBITDA at ₹967 crore. EBITDA grew 28% compared with FY25.

Aditya Birla Fashion and Retail reported that the Pantaloons segment revenue rose 4% year-on-year to ₹4,560 crore in FY26, with like-to-like growth of 2%. The ethnic wear business grew 14%, luxury increased 15%, and TMRW advanced 34% during the year.

FY26 EBITDA grew 23% year-on-year, with margin expansion of around 100 basis points. Ethnic segment margins expanded by 560 basis points, while TMRW margins continued to improve.

Pantaloons segment EBITDA margin stood at 16.2%, lower than the previous year due to investments in OWND scale-up. Within Pantaloons, the OWND format was present across 79 stores after the addition of 34 stores during FY26.

Retail and e-commerce performance remained strong through the year, supported by execution improvements and expansion across priority markets. Ethnic business reported 16% like-to-like growth. The company added more than 180 new stores, with a net addition of around 600,000 square feet.

Aditya Birla Fashion and Retail reported that its e-commerce channel grew more than 30% year-on-year, supported by enhanced omni-channel integration and faster fulfilment capabilities.

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New formats, including Galeries Lafayette and OWND, were introduced in line with evolving consumer demand. E-commerce sales grew more than 20% year-on-year, accounting for 16% of total revenue.

Shares of Aditya Birla Fashion and Retail Ltd ended at ₹67.46, down by ₹0.050, or 0.074%, on the BSE today, May 25.