Aditya Birla Fashion and Retail reports double-digit growth in Q2 FY26

Aditya Birla Fashion and Retail Limited (ABFRL) reported a robust 13% year-on-year revenue growth in Q2 FY26, reaching INR1982 crores on a consolidated basis. All segments, including Pantaloons and the overall ethnic business, recorded healthy like-to-like growth of 7% and over 20%, respectively. Despite this, EBITDA grew by 7%, with margins at 5.9% for the quarter, reflecting higher marketing investments.

For the first half of FY26, ABFRL's revenue climbed 11% year-on-year to INR3,813 crores, with EBITDA growing 24% to INR286 crores. The company's retail network expanded to 1,190 stores across 7.5 million square feet, with 30-plus new additions during the quarter. Key milestones included the launch of OWND!, a Gen Z-focused brand, opening its first store in Bengaluru, and the unveiling of India's first Galeries Lafayette store in Mumbai.

The ethnic portfolio, excluding TCNS, grew 34% year-on-year, contributing to a 200 basis point EBITDA margin expansion. Tasva, a premium ethnic wear brand, posted a 58% year-on-year revenue growth and is on track to exceed 100 stores this fiscal year. TCNS also delivered strong like-to-like growth of 19%, showcasing notable improvement in profitability.