Aditya Birla Fashion and Retail Ltd · NSE:ABFRL
Aditya Birla Fashion and Retail — Q2 FY27 Earnings Presentation
28 slides from Aditya Birla Fashion and Retail's earnings presentation, Nov 5, 2026
Slide 1: Investor Presentation cover letter to stock exchanges
FASHION & RETAIL November 5, 2026 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Investor Presentation on Unaudited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Ref.: 1. Regulation 30 o
Slide 2: Q2 FY27 Performance Highlights
Q2 FASHION & RETAIL FY27 PERFORMANCE HIGHLIGHTS
Slide 3: Contents
CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key Portfolios 03 Financials 04 Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 4: Market Update
Market Update Overall consumer demand Festive shift shapes Q2 in line with previous performance quarters • Late festive impacted YoY growth • Consumption trends remained in Q2 steady, with stronger traction in • E-com ‘sale events’ also pushed lower tier and rural markets forward in line with festiv
Slide 5: Contents: Q2 Highlights
CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key Portfolios 03 Financials 04 Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 6: ABFRL Network
ABFRL Network Retail format stores; 4 Brand Stores 0 5 FOOTPRINT 25 2 477 657 18 13 9 4 74 32 24 1 SEPTEMBER ‘26 3 20 2 15 64 Masstige & Value Ethnic Brand 7.8 million sq. ft. 12 41 23 11 2 1 17 1 11 2 Retail Stores Stores* • 1268 stores 27 65 15 14 10 13 7 31 50 2 2 1 13 9 100 14 68 84 50 56 34 i 7
Slide 7: Q2 Highlights
Q2 HIGHLIGHTS YoY Sales & EBITDA growth Newer businesses sustain colored by festive shift growth momentum • Effect more pronounced in • Ethnic portfolio up 12% vs LY (ex. established businesses, especially TCNS) despite subdued wedding Pantaloons & ethnic brands calendar & festive shift • Negative o
Slide 8: ABFRL Highlights | Q2
ABFRL HIGHLIGHTS | Q2 ABFRL Consolidated (In Rs. Cr.) Q2 FY26 Q2 FY27 Growth (vs. LY) • Sales up by 2% vs LY • EBITDA margin down vs LY due to Revenue 1982 2030 2% • Festive shift led negative operating leverage EBITDA 116 67 -43% • Scale up of newer businesses – OWND and Galeries Lafayette EBITDA M
Slide 9: ABFRL Highlights | Q2 | Segmental
ABFRL HIGHLIGHTS | Q2 | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials ( In Rs. Cr.) Vs Q2 FY26 Q2 FY27 FY26 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Pantaloons Segment 1142 1140 0% 157 119 13.7% 10.5% Ethnic Businesses 505 517 2% -1 -17 -0.3% -3.3% TMRW 222 244 10% -62 -41 -27.9% -16.8% Ot
Slide 10: ABFRL Highlights | H1
ABFRL HIGHLIGHTS | H1 ABFRL Consolidated (In Rs. Cr.) H 1 FY26 H 1 FY27 Growth (vs. LY) Revenue 3813 4056 6% EBITDA 286 233 -18% EBITDA Margin 7.5% 5.7% EBIT -355 -486 PBT -593 -775 PAT -529 -625 Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 11: ABFRL Highlights | H1 | Segmental
ABFRL HIGHLIGHTS | H1 | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials ( In Rs. Cr.) Vs H 1 FY26 H 1 FY27 FY26 H 1 FY26 H1 FY27 H 1 FY26 H 1 FY27 Pantaloons Segment 2236 2344 5% 344 311 15.4% 13.3% Ethnic Businesses 941 970 3% 0 -17 0.0% -1.7% TMRW 419 464 11% -125 -83 -29.7% -17.9
Slide 12: Contents: Performance of Key Portfolios
CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key 03 Portfolios Financials 04 Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 13: ABFRL Portfolio
ABFRL Portfolio MASSTIGE/VALUE RETAIL ETHNIC BRANDS LUXURY RETAIL DIGITAL FIRST BRANDS Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 14: Pantaloons
Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 15: Pantaloons Q2 FY27 Update
Q2 FY27 Update Segment revenue at Rs. 1140 Cr Pantaloons format continues to build on underlying business momentum • Adjusted for festive shift and store closures, growth would have been ~6% YoY • Shift of Pujo to Q3 impacted primarily East & overall performance • Format Q2 LTL at -7% but Non-east m
Slide 16: Pantaloons Update: Category and Ownership Mix
Update CATEGORY MIX Q2 FY26 Q2 FY27 20% 23% ■ Men 36% 34% ■ Women’s Ethnic 10% 11% ■ Kids 17% 16% 16% ■ Non-Apps 17% ■ Women’s Western OWNERSHIP MIX Q2 FY26 Q2 FY27 26% 27% ■ Own Brands ■ ABFRL + ABLBL Brands 62% 62% 12% 11% ■ Others Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 17: Most Comprehensive Ethnic Portfolio
DESIGNER LED BRANDS Most Comprehensive SABYASACHI T U Ethnic Portfolio CALCU TTA APPAREL | BEAUTY | ACCESSORIES | JEWELRY maiaba • Scalable platform spanning well-known designer brands and premium brands PREMIUM ETHNIC WEAR BRANDS • India’s largest & most comprehensive ethnic wear portfolio • 2200 C
Slide 18: Designer Led Brands
DESIGNER LED BRANDS Building an Indian luxury Rooted in craft, elevated by Building growth platforms Combining couture excellence brand for the world modern design across fashion and beauty with pret-led growth • Strong double digit revenue growth • Double digit revenue growth • Robust performance d
Slide 19: Sabyasachi Delhi Store
Lorem ipsum Sabyasachi Delhi Store
Slide 20: Premium Ethnic Wear Brands
PREMIUM ETHNIC WEAR BRANDS Building scale & growing market share Healthy performance with continued Continued to sharpen the business in several key wedding markets loss reduction model • Delivered double-digit revenue growth in H1 • Digital channel gaining traction • Revenue moderated due to festiv
Slide 21: Luxury Retail
LUXURY RETAIL Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 22: Luxury Retail
LUXURY RETAIL Strong momentum across The Collective & Mono Brands (TCMB) • Robust performance in Q2, with online contribution exceeding 15% • Retail network now spans 49 stores, including mono-brand formats Elevating brand appeal & consumer connect at TCMB • New brands including JW PEI, Just Cavalli
Slide 23: Portfolio of Digital Brands
PORTFOLIO OF DIGITAL BRANDS Q2 FY27 ADI TY A B I RL A FASHI ON & RE TAI L
Slide 24: Broad-Based growth across TMRW portfolio
Broad-Based growth across TMRW portfolio • Revenue grew 10% YoY • Including WROGN, portfolio growth stood at 19% YoY YoY Profitability improved for the fourth consecutive quarter Product innovation & brand building driving consumer appeal • Expansion into adjacent categories and elevated product off
Slide 25: Contents: Financials
CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key Portfolios 03 Financials 04 Q2FY27 A D I T Y A B I R L A F A S H I O N & R E T A I L
Slide 26: ABFRL | P&L Statement
ABFRL | P&L STATEMENT Consolidated Standalone Particulars (Rs. Cr.) Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Revenue from Operations 1982 2030 1517 1511 Other Income 55 60 49 45 Total Income 2036 2090 1566 1556 EXPENSES Cost of Materials Consumed 145 320 42 109 Purchases of Stock-in-Trade 1095 1067 996 925 C
Slide 27: ABFRL | Balance Sheet
ABFRL | BALANCE SHEET Consolidated Standalone Particulars (Rs. Cr.) Mar-26 Sep-26 Mar-26 Sep-26 Net worth 6263 5634 7700 7415 Net Debt 149 1209 -386 318 Gross Debt 1695 2351 760 947 Cash and Liquid Investments* 1545 1143 1145 628 Lease Liability 4495 4611 3283 3361 Deferred Tax Liabilities 380 370 -
Slide 28: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward lookingstatements” including, but not limited to, those relating to general business plans strategy of Aditya Birla Fashion and Retail Limited (“ its future outlook growth
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