Aditya Birla Fashion and Retail Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ABFRL reported Q1 FY26 revenue up 9% YoY to ₹1,831 Cr, with EBITDA up 38% to ₹169 Cr, marking its fourth consecutive quarter of margin expansion. Growth was driven by Ethnic (25% up) and TMRW (38% up) businesses. Ethnic saw a sharp margin uplift, turning profitable. Pantaloons revenue was ₹1,094 Cr, with EBITDA margin above 18%, despite an Eid shift. TMRW received ₹437 Cr investment from ServiceNow Ventures, accelerating growth and offline expansion (target EBITDA breakeven by FY29). TCNS is improving, with double-digit like-for-like growth since April. Management remains confident in profitable growth, focusing on innovation and retail productivity.