Aditya Birla Fashion & Retail Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,902 Cr
- ROE
- -13.63%
- Price to sales
- 0.60
- Debt to equity
- 1.06
- 52W high / low
- ₹85.4 / ₹39.6
- Sales growth (5Y)
- 9.27%
- EBITDA margin
- 7.91%
- Net profit margin
- -11.28%
- Promoter holding
- 46.61%
- Sales (last year)
- ₹8,371 Cr
Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in 2015. ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe. [1]
Guidance scorecard · Q1 FY27 call
What Aditya Birla Fashion & Retail Ltd's management guided
and where it ranks in Retailing
Retailing
RevenueQ1 FY27 call
20–40%- The large part of ABFRL’s business targets growth rates exceeding 30%, consistent over several quarters and years, with FY26 showing some temporary moderation.
- TMRW portfolio expects organic growth of 20%-25% annually, with losses reducing over the next 2 years and profitability target around FY29.
- Tasva plans to expand store base by ~30% (25-30 new stores) in the current year with a growth rate of ~35% YoY; profitability expected when revenue doubles to INR400-500 crores.
- Pantaloons' like-for-like growth recently moderated but expected to recover to high single-digit levels for the annual period.
- TCNS aims to improve from a low 2% like-to-like growth back to high single/double-digit levels by year-end, with 35-40 new store openings (approx. 10% space addition).
2 more points from Aditya Birla Fashion & Retail Ltd's call on revenue
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MarginsQ1 FY27 call
Down 0–2%See what Aditya Birla Fashion & Retail Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Capex plan for the year is approximately INR 300+ crores, out of a total INR 450 crores including working capital needs.
- Capex will be used for new store additions and renovation of existing stores such as Pantaloons.
- For TMRW brand portfolio, 75+ new stores are planned to be added this year.
- OWND format plans to add about 20-22 stores in the second half of the year.
2 more points from Aditya Birla Fashion & Retail Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Aditya Birla Fashion & Retail Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Aditya Birla Fashion & Retail Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Aditya Birla Fashion & Retail Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Aditya Birla Fashion & Retail Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,880 | 3,196 | 3,226 | 4,167 | 1,575 | 1,674 | 1,761 | 2,201 | 1,719 | 1,831 | 1,982 | 2,374 | 1,990 |
| Expenses + | 2,687 | 2,904 | 2,904 | 3,613 | 1,540 | 1,585 | 1,683 | 1,908 | 1,520 | 1,726 | 1,920 | 2,072 | 1,802 |
| Operating Profit | 193 | 292 | 323 | 553 | 35 | 89 | 77 | 293 | 199 | 106 | 62 | 302 | 188 |
| OPM % | 7% | 9% | 10% | 13% | 2% | 5% | 4% | 13% | 12% | 6% | 3% | 13% | 9% |
| Other Income + | 39 | 61 | 46 | 51 | 84 | 57 | 134 | 95 | 243 | 64 | 55 | 40 | 112 |
| Interest | 142 | 187 | 208 | 245 | 152 | 132 | 141 | 151 | 143 | 113 | 124 | 132 | 146 |
| Depreciation | 348 | 367 | 389 | 444 | 287 | 274 | 286 | 296 | 315 | 316 | 325 | 350 | 349 |
| Profit before tax | -259 | -201 | -229 | -85 | -321 | -260 | -217 | -59 | -15 | -260 | -333 | -141 | -195 |
| Tax % | -25% | -20% | -12% | 27% | -17% | -17% | -19% | -28% | 52% | -10% | -11% | -3% | -16% |
| Net Profit + | -195 | -162 | -200 | -108 | -266 | -215 | -175 | -42 | -24 | -234 | -295 | -137 | -164 |
| EPS in Rs | -1.97 | -1.49 | -1.89 | -0.82 | -2.26 | -1.59 | -1.36 | -0.48 | -0.14 | -1.74 | -2.16 | -1.25 | -1.22 |
Financials of Aditya Birla Fashion & Retail Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 8,118 | 8,788 | 5,249 | 8,136 | 12,418 | 6,441 | 7,351 | 8,177 |
| Expenses + | 7,525 | 7,528 | 4,666 | 6,998 | 10,860 | 6,033 | 6,653 | 7,520 |
| Operating Profit | 593 | 1,259 | 583 | 1,138 | 1,557 | 408 | 699 | 657 |
| OPM % | 7% | 14% | 11% | 14% | 13% | 6% | 10% | 8% |
| Other Income + | 63 | 63 | 73 | 103 | 123 | 319 | 525 | 270 |
| Interest | 225 | 469 | 530 | 389 | 536 | 588 | 608 | 516 |
| Depreciation | 282 | 885 | 963 | 997 | 1,227 | 1,017 | 1,166 | 1,339 |
| Profit before tax | 149 | -33 | -838 | -145 | -82 | -877 | -550 | -928 |
| Tax % | -115% | 402% | -12% | -18% | -28% | -16% | -17% | -11% |
| Net Profit + | 321 | -165 | -736 | -118 | -59 | -736 | -456 | -830 |
| EPS in Rs | 3.72 | -1.89 | -7.93 | -1.16 | -0.38 | -6.19 | -3.08 | -6.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Aditya Birla Fashion & Retail Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 773 | 774 | 915 | 938 | 949 | 1,015 | 1,220 | 1,221 |
| Reserves | 655 | 294 | 1,729 | 1,835 | 2,394 | 3,007 | 5,592 | 4,619 |
| Borrowings + | 1,703 | 5,285 | 3,600 | 4,100 | 6,573 | 9,451 | 5,017 | 6,189 |
| Other Liabilities + | 3,489 | 3,406 | 3,805 | 5,321 | 6,873 | 8,317 | 4,565 | 5,729 |
| Total Liabilities | 6,621 | 9,758 | 10,049 | 12,195 | 16,790 | 21,790 | 16,394 | 17,757 |
| Fixed Assets + | 2,555 | 4,940 | 5,627 | 6,059 | 8,359 | 11,879 | 9,417 | 10,387 |
| CWIP | 22 | 48 | 38 | 103 | 204 | 171 | 181 | 88 |
| Investments | 4 | 14 | 418 | 684 | 267 | 985 | 1,749 | 1,240 |
| Other Assets + | 4,039 | 4,756 | 3,966 | 5,348 | 7,960 | 8,756 | 5,046 | 6,042 |
| Total Assets | 6,621 | 9,758 | 10,049 | 12,195 | 16,790 | 21,790 | 16,394 | 17,757 |
Financials of Aditya Birla Fashion & Retail Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 528 | 644 | 1,104 | 951 | 636 | 1,341 | 1,644 | 161 |
| Cash from Investing Activity + | -277 | -551 | -855 | -553 | -387 | -2,992 | -1,665 | -267 |
| Cash from Financing Activity + | -266 | 116 | -269 | -526 | 326 | 1,412 | 334 | -594 |
| Net Cash Flow | -15 | 210 | -21 | -128 | 574 | -239 | 313 | -700 |
| Free Cash Flow | 248 | 332 | 945 | 632 | -35 | 600 | 1,051 | -295 |
| CFO/OP | 92% | 52% | 190% | 85% | 41% | 339% | 240% | 36% |
Financials of Aditya Birla Fashion & Retail Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 35 | 42 | 34 | 26 | 73 | 19 | 18 |
| Inventory Days | 179 | 205 | 263 | 287 | 277 | 532 | 282 | 298 |
| Days Payable | 223 | 198 | 307 | 335 | 253 | 487 | 258 | 248 |
| Cash Conversion Cycle | -9 | 42 | -1 | -13 | 50 | 117 | 43 | 68 |
| Working Capital Days | -34 | -75 | -65 | -53 | -24 | -72 | -11 | 32 |
| ROCE % | 9% | -5% | 3% | 5% | -4% | -3% | -3% |
Guidance history
How Aditya Birla Fashion & Retail Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Down 0–2% | Planned | None planned | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
2 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −52.5% | 4% |
| Last 6 months | −37.5% | 3% |
| Last 3 months | −31.9% | 3% |
The price is 67.8% below its all-time high of ₹124.76 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 3 became 2.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Aditya Birla Fashion & Retail Ltd: 0.4 × 4 + 0.4 × 3 + 0.2 × 3 = 3, halved to 2 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Aditya Birla Fashion & Retail Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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