Aditya Birla Fashion and Retail Limited — PPTs, 05-02-2026: Investor Presentation

ABFRL navigated a soft demand Q3, reporting mixed financial results for the quarter and nine months ended December 31, 2025.

**Business Performance:** Overall Q3 revenue grew 8% YoY to ₹2374 Cr, with EBITDA up 13% to ₹370 Cr (15.6% margin). However, consolidated PAT was -₹137 Cr. The Masstige & Value segment (Pantaloons, -2% revenue) faced headwinds from festive shifts. Bright spots were Ethnic brands (+20% revenue, +350 bps margin), Luxury Retail (+27%), and TMRW (+29% with peaking losses).

**Growth Drivers/Strategy:** Focus on new growth levers, including product launches, category expansion, and boosting Q-commerce/omnichannel. Pantaloons is pursuing premiumization and network expansion.

**Recent Developments:** ABFRL added ~50 new stores, including the splashy Galeries Lafayette in Mumbai, expanding its footprint to 7.7M sq ft. Ethnic portfolio now boasts a ₹2000 Cr+ annual revenue run-rate.

**Outlook:** Management notes robust wedding-led demand and continued margin improvement across segments. #ABFRL #RetailInvestments