ABFRL Reports 11% Revenue Growth In Q1 FY27, Retail Expansion Momentum Continues
Aditya Birla Fashion and Retail Limited (ABFRL) reported an 11% year-on-year increase in revenue for the first quarter ended June 30, 2026, driven by broad-based growth across its retail portfolio, including Pantaloons, luxury brands, ethnic wear and TMRW.
The company posted revenue of Rs 2,026 crore in Q1 FY27, compared to Rs 1,831 crore in the corresponding quarter last year. EBITDA stood at Rs 167 crore against Rs 169 crore a year ago, while the company reported a net loss of Rs 249 crore, compared to a loss of Rs 234 crore in Q1 FY26.
ABFRL’s growth was supported by strong retail execution and continued network expansion. The Pantaloons and OWND portfolio recorded revenue of Rs 1,204 crore, up 10% year-on-year. Pantaloons delivered 4% like-to-like (LTL) growth, while OWND registered a robust 55% growth driven by store additions. During the quarter, the company added 10 stores across the segment, taking the network to 399 Pantaloons stores and 88 OWND outlets.
The company’s luxury portfolio grew 30% year-on-year, led by the continued scale-up of Galeries Lafayette India and strong performance from The Collective and Mono Brands (TCMB) business, which reported double-digit LTL growth. The luxury portfolio’s footprint now spans 51 locations.
In the ethnic wear segment, ABFRL reported 5% LTL growth despite a shorter wedding season. Premium menswear brand Tasva delivered 35% sales growth, recording its eighth consecutive quarter of strong momentum, while Jaypore achieved double-digit growth supported by retail expansion and stronger e-commerce performance. The ethnic portfolio currently generates annual revenue exceeding Rs 2,200 crore through a network of more than 670 stores.
The company’s digital-first fashion platform TMRW posted 11% growth in primary sales, while secondary sales grew 16%. Offline channels contributed more than 15% of the portfolio’s revenue during the quarter, and cash losses continued to narrow as operating efficiencies improved. TMRW’s omnichannel footprint expanded to over 140 stores nationwide.
ABFRL added more than 45 stores across its portfolio during the quarter, taking its total retail footprint beyond 7.9 million sq. ft.
The company’s EBITDA margin stood at 8.2%, slightly lower than the previous year due to lower other income and investments in scaling up newer businesses such as OWND and Galeries Lafayette. However, management highlighted that margins in the ethnic portfolio remained stable and losses in TMRW continued to decline.
Looking ahead, ABFRL said it remains focused on sustainable growth through measured expansion, stronger consumer engagement and improved productivity across channels. The company also plans to undertake cost optimisation measures and calibrated pricing actions, where required, to protect profitability while maintaining competitiveness.
ABFRL stated that the long-term opportunity in organised fashion retail remains strong and that its diversified portfolio, expanding retail network and disciplined execution position the company well for future growth.
