ABFRL Q4 loss widens to ₹148 cr even as revenue jumps 16% on Pantaloons, luxury push

Aditya Birla Fashion posted Q4 FY26 revenue of ₹1,990 cr (+15.7% YoY) but net loss deepened to ₹148.4 cr. Pantaloons grew 19%, luxury 13%, TMRW 1.45x. Added 70 stores in Q4 (180+ in FY26); e-commerce now 16% of revenue, up 30%+ YoY. EBITDA margin slipped to 9.9%.

— Source publishedMon, 25 May, 2026, 17:59 IST·First seen Mon, 25 May, 2026, 18:10 IST·Source CNBC-TV18 · Companies

What happened

Aditya Birla Fashion and Retail (ABFRL) · ABFRL Q4 net loss widened to ₹148 cr despite 16% revenue growth to ₹1,990 cr. Pantaloons grew 19%, luxury 13%, TMRW

Key facts

  • Net loss ₹148.4 cr Q4
  • Revenue ₹1,990.1 cr +15.7% YoY
  • EBITDA ₹197.4 cr -3.6%
  • EBITDA margin 9.9%
  • Gross cash ₹1,545 cr
  • Pantaloons +19% YoY
  • Luxury +13%
  • 70 new stores Q4
  • 120,000 sq ft net add Q4
  • FY26 revenue ₹8,177 cr +11%
  • FY26 EBITDA ₹967 cr +28%
  • OWND 79 stores
  • E-commerce 16% of revenue

Why this matters

TMRW's 1.45x growth and 30%+ e-commerce acceleration make ABFRL's digital-native portfolio an interesting watch for partnership or stake plays as the parent absorbs losses to scale.