Aditya Birla Fashion & Retail Ltd
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]
Strengths
- +Company has reduced debt.
- +Stock is trading at 0.93 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -8.49% over past five years.
- −Company has a low return on equity of -3.16% over last 3 years.
- −Earnings include an other income of Rs.395 Cr.
- −Promoter holding has decreased over last 3 years: -8.86%
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.97% | 49.25%▼2.7 | 49.24%▼0.0 | 46.58%▼2.7 | 46.58% | 46.61%▲0.0 | 46.61% | 46.61% |
| FIIs | 19.99% | 19.68%▼0.3 | 18.35%▼1.3 | 22.2%▲3.8 | 17.63%▼4.6 | 18.62%▲1.0 | 18.36%▼0.3 | 15.53%▼2.8 |
| DIIs | 14.45% | 14.76%▲0.3 | 14.56%▼0.2 | 14.65%▲0.1 | 12.14%▼2.5 | 8.07%▼4.1 | 7.9%▼0.2 | 6.62%▼1.3 |
| Public | 13.12% | 15.89%▲2.8 | 17.43%▲1.5 | 16.23%▼1.2 | 23.29%▲7.1 | 26.33%▲3.0 | 26.79%▲0.5 | 30.96%▲4.2 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,995 | 3,753 | 1,197 | 1,389 | 1,387 | 1,639 | 1,194 | 1,393 | 1,492 | 1,642 |
| Expenses | 2,614 | 3,194 | 1,143 | 1,232 | 1,249 | 1,376 | 991 | 1,213 | 1,327 | 1,399 |
| Operating Profit | 381 | 559 | 54 | 157 | 138 | 262 | 203 | 179 | 165 | 242 |
| OPM % | 13% | 15% | 5% | 11% | 10% | 16% | 17% | 13% | 11% | 15% |
| Net Profit | -75 | -16 | -172 | -79 | -195 | 28 | 119 | -60 | -91 | -62 |
| EPS ₹ | -0.79 | -0.17 | -1.7 | -0.78 | -1.82 | 0.26 | 0.97 | -0.49 | -0.74 | -0.5 |
AI Insights
TTM revenue at ₹5,720Cr, up 2% YoY. OPM at 14%.
Borrowings at ₹3,641Cr. Debt-to-equity ratio: 0.53x. Moderate leverage.
CWIP at ₹209Cr (3% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 6.62% (-10.24pp change). FIIs: 15.53% (+1.33pp change). Promoters hold 46.61%.
ROCE improving from -3% (Mar 2014) to 0% (Mar 2025). Working capital days: -9.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - ABFRL filed Q4 FY26 monitoring agency reports; no deviation in rights and preferential issue proceeds utilization.
- Announcement under Regulation 30 (LODR)-Credit Rating 23 Apr - CRISIL reaffirmed ABFRL ratings: A1+ and AA+/Stable for loans, CP, and NCDs; some ratings withdrawn at company request.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate As per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 on behalf of the Company for the quarter ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Change in Management 2 Apr - Mr. Pankaj Sood resigned as Non-Executive Nominee Director effective April 2, 2026.
- Announcement under Regulation 30 (LODR)-Resignation of Director 2 Apr - Mr. Pankaj Sood resigned as Non-Executive Nominee Director of ABFRL effective April 2, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse