AB

Aditya Bir. Fas.

Q3 FY25

Aditya Bir. Fas. Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹54

Market cap₹6.8K Cr

Updated23 Aug 2026

Read4 min read

The short version

Lifestyle Brands expect mid- to high-single-digit growth, driven by like-for-like sales, retail network expansion, and new markets, especially larger cities. Lifestyle Brands: Expected mid- to high-single-digit growth with a focus on aggressive retail expansion, especially in larger cities and new markets.

From Aditya Bir. Fas.'s Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Lifestyle Brands expect mid- to high-single-digit growth, driven by like-for-like sales, retail network expansion, and new markets, especially larger cities.
Value fashion segment (Style Up) aims to double its store count from 45-50 to around 100 stores next year, with cautious expansion based on improving economics.
Ethnic business (Tasva) plans aggressive expansion from 70 stores to adding 40-50 new stores in FY '26, leveraging a strong store model and recovering wedding market.
Pantaloons focuses on premiumization, targeting expansion in metro and Tier 1 markets, with 15-20 new stores planned annually post network rationalization.

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Profitability & Margins

Lifestyle Brands: Expected mid- to high-single-digit growth with a focus on aggressive retail expansion, especially in larger cities and new markets. EBITDA margins historically range between 18%-20%.
Ethnic Business (Tasva): Planning to add around 50 stores next year with accelerated expansion post-fundraise; recently delivered positive EBITDA indicating intrinsic profitability growth.
Style Up: Anticipated store network doubling next year (from 48-50 to about 100 stores), with profitability expected to improve as scale and financial viability increase.
TMRW (digital brands): Organic growth at 25%-30%, with plans for additional capital raise to fuel further expansion and profitability improvement.
Pantaloons: Gradual increase in store count with premiumization strategy improving profitability, EBITDA margin improved by 170 bps YoY to 19.3%.

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Capital Expenditure Plans

Post fundraise, ABFRL plans accelerated expansion in key businesses, especially Tasva (Ethnic segment) with 40-50 new stores planned next year from current ~70 stores.
Expansion focus on Lifestyle Brands includes aggressive retail network growth with around 50 new stores in value retail (Style Up) and 50 in Ethnic segment in FY26+.
Investment in creating larger store formats ("project stretch") in strong markets by enlarging or relocating stores.
Capital will also go towards inorganic opportunities, specifically in digitally native brands targeting Gen-Z and young millennials, expanding brand portfolio and categories.
TMRW (digitally native menswear) to raise separate capital in next 9-12 months to fund its large growth opportunity; approx. $100 million equity invested so far.

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Fundraising & Capital Structure

TMRW is expected to raise capital through its own fundraising within the next 9 to 12 months, exact amount to be decided closer to the time.
The current fundraise of approximately $100 million in equity and some debt has been made in TMRW already, totaling around INR1,000 crores invested.
No specific new fundraising through debt or equity for ABFRL or other segments mentioned currently beyond the recently completed fundraise of USD 490 million through QIP and preferential issue.
The capital raised is intended to fund growth in various businesses including Style Up and Tasva over the next 3 years.

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Order Book & Pipeline

The provided document does not explicitly mention details about the current or expected orderbook or pending orders for Aditya Birla Fashion and Retail Limited (ABFRL). Key points from the call notes focus on: - Business expansion plans, including aggressive retail store expansion, especially in Lifestyle Brands, Pantaloons, and Ethnic segments. - Expansion targets include doubling Style Up stores next year and adding about 50 stores in Tasva.

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Aditya Bir. Fas. — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net loss ₹164 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Aditya Birla Fashion & Retail Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Aditya Bir. Fas. Q3 FY25 results?

Lifestyle Brands expect mid- to high-single-digit growth, driven by like-for-like sales, retail network expansion, and new markets, especially larger cities. Lifestyle Brands: Expected mid- to high-single-digit growth with a focus on aggressive retail expansion, especially in larger cities and new markets.

What is Aditya Bir. Fas. share price analysis?

Aditya Bir. Fas. currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹6,832 Cr. Investors should review the full earnings analysis for detailed insights.

Is Aditya Bir. Fas. planning capital expenditure?

Post fundraise, ABFRL plans accelerated expansion in key businesses, especially Tasva (Ethnic segment) with 40-50 new stores planned next year from current ~70 stores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.