Integrated Filing — IndAS



General information about company

Scrip Code 535755
NSE Symbol ABFRL
MSEI Symbol NA
ISIN INE647O01011
Name of company Aditya Birla Fashion and Retail Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 25-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 25-05-2026   15:00:00
End date and time of board meeting 25-05-2026   16:57:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,99,013.00 8,17,692.00
Other income 12,354.00 30,961.00
Total income 2,11,367.00 8,48,653.00
2 Expenses
(a) Cost of materials consumed 911.00 63,279.00
(b) Purchases of stock-in-trade 88,706.00 3,15,585.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,272.00) (32,153.00)
(d) Employee benefit expense 29,528.00 1,27,061.00
(e) Finance costs 14,566.00 51,568.00
(f) Depreciation, depletion and amortisation expense 34,921.00 1,33,949.00
(f) Other Expenses
1 Rent expense 4,861.00 23,556.00
2 Other expenses 57,537.00 2,51,700.00
3 Equity Method 947.00 2,935.00
Total other expenses 63,345.00 2,78,191.00
Total expenses 2,29,705.00 9,37,480.00
3 Total profit before exceptional items and tax (18,338.00) (88,827.00)
4 Exceptional items (1,137.00) (3,986.00)
5 Total profit before tax (19,475.00) (92,813.00)
6 Tax expense
7 Current tax 1,264.00 4,072.00
8 Deferred tax (4,358.00) (13,896.00)
9 Total tax expenses (3,094.00) (9,824.00)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (16,381.00) (82,989.00)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (16,381.00) (82,989.00)
17 Other comprehensive income net of taxes 634.00 1,319.00
18 Total Comprehensive Income for the period (15,747.00) (81,670.00)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (14,840.00) (77,589.00)
Total profit or loss, attributable to non-controlling interests (1,541.00) (5,400.00)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (14,330.00) (76,460.00)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1,417.00) (5,210.00)
21 Details of equity share capital
Paid-up equity share capital 1,22,054.00 1,22,054.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -1.22 -6.38
Diluted earnings (loss) per share from continuing operations -1.22 -6.38
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -1.22 -6.38
Diluted earnings (loss) per share from continuing and discontinued operations -1.22 -6.38
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 4.The above consolidated financial results, as reviewed and recommended by the Audit Committee, have been approved by the Board of Directors at its meeting held on May 25, 2026. 5.The figures for the quarters ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial years ended March 31, 2026 and March 31, 2025 and the unaudited year-to-date figures upto December 31, 2025 and December 31, 2024 respectively. 6.The audit of the consolidated financial results as required under Regulations 33 and 52 (read with Regulations 63) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) has been completed by the Auditors of the Company. 7.ESOP Share Allotment: Pursuant to various Employees Stock Option Schemes, following Equity Shares of Rs. 10/- each were allotted /transferred to the option grantees: Particulars Quarter ended March 31, 2026 Year ended March 31, 2026 Allotment [Non-Trust Route] 17,640 277,246 Allotment [by way of transfer from ESOP Trust] 10,926 256,242 8.a) On November 21, 2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (together referred to as the Labour Code), consolidating 29 existing labour laws. The Company assessed the impact of the Labour Code based on available information and recognised past service cost on gratuity and compensated absences, amounting to Rs. 39.86 crores (including an amount of Rs. 11.37 crores recognised during the quarter ended March 31, 2026), arising on account of revised definition of wages. The said past service cost has been presented as an ‘exceptional item’ in consolidated financial results for the quarter and year ended March 31, 2026. Management continues to monitor the developments relating to the implementation of the Labour Code and will review the estimates as further clarifications are issued and the Rules are notified. b) Exceptional item of Rs. 161.15 Crore presented for the year ended March 31, 2025 represents gain on account of remeasurement of 33.5% of equity interest held by the holding company in Goodview Fashion Private Limited (GFPL) upon GFPL becoming a subsidiary of the Company with effect from July 11, 2024. 9.Demerger of Madura Fashion & Lifestyle Business (MFL Business) The Board of Directors of the Company at their meeting held on April 19, 2024, subject to the necessary approvals, considered and approved demerger of Madura Lifestyle Fashion Business (MFL Business) under a Scheme of Arrangement amongst the Company and Aditya Birla Lifestyle Brands Limited (Resulting Company), wholly owned subsidiary of the Company and their respective shareholders and creditors (Demerger Scheme).The Demerger Scheme was sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench (Hon'ble NCLT) on March 27, 2025. The Company received the certified true copy of the order on April 22, 2025. Consequent upon filling of the certified copies of Hon'ble NCLT orders by the Company and the Resulting company with the respective jurisdictional Registrar of Companies on April 23, 2025, the Scheme has become effective from May 1, 2025. Upon the Scheme becoming effective, the MFL Business was transferred to the Resulting Company on a going concern basis. The demerger was recognized in the standalone financial results during the quarter ended March 31,2025 in accordance with the accounting treatment specified in the sanctioned Scheme as a common control transaction and the assets and liabilities were transferred to Resulting Company at their respective book values 10.The figures for the corresponding previous period have been regrouped/reclassified wherever necessary to make them comparable with the current year's classification.



Remarks

Debt equity ratio Company has excess Liquid investment and cash over its debt
Debt service coverage ratio As per Standalone Financial Statements
Interest service coverage ratio As per Standalone Financial Statements


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 4,92,486.00
Capital work-in-progress 8,789.00
Investment property 356.00
Goodwill 2,67,067.00
Other intangible assets 2,77,760.00
Intangible assets under development 985.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 17,536.00
Trade receivables, non-current 0.00
Loans, non-current 2.00
Other non-current financial assets
1 Security deposits 39,167.00
2 Other financial assets 19,723.00
Total of other non-current financial assets 58,890.00
Total non-current financial assets 76,428.00
Deferred tax assets (net) 36,243.00
Other non-current assets
1 Non-current tax assets (net) 4,689.00
2 Other non-current assets 20,780.00
Total of other non-current assets 25,469.00
Total non-current assets 11,85,583.00
2 Current assets
Inventories 2,82,819.00
Current financial asset
Current investments 1,06,497.00
Trade receivables, current 40,704.00
Cash and cash equivalents 6,696.00
Bank balance other than cash and cash equivalents 41,355.00
Loans, current 393.00
Other current financial assets
Total of other current financial assets 15,268.00
Total current financial assets 2,10,913.00
Current tax assets (net)
Other current assets
1 Other current assets 96,405.00
Total of other current assets 96,405.00
Total current assets 5,90,137.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 17,75,720.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,22,054.00
Other equity 4,61,852.00
Total equity attributable to owners of parent 5,83,906.00
Non controlling interest 42,384.00
Total equity 6,26,290.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,09,144.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liabilities 3,58,620.00
2 Deposits 3,829.00
3 Other financial liabilities 1,55,902.00
Total of other non-current financial liabilities 5,18,351.00
Total non-current financial liabilities 6,27,495.00
Provisions, non-current 12,283.00
Deferred tax liabilities (net) 37,958.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 320.00
Total of other non-current liabilities 320.00
Total non-current liabilities 6,78,056.00
Current liabilities
Current financial liabilities
Borrowings, current 60,316.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 13,506.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,21,806.00
Total Trade payable 2,35,312.00
Other current financial liabilities
1 Lease liabilities 90,831.00
2 Supplier's credit 13,173.00
3 Deposits 1,547.00
4 Other financial liabilities 27,784.00
Total of other current financial liabilities 1,33,335.00
Total current financial liabilities 4,28,963.00
Other current liabilities 32,802.00
1 Other current liabilities 32,802.00
Total of other current liabilities 32,802.00
Provisions, current 9,557.00
Current tax liabilities (Net) 52.00
Deferred government grants, Current
Total current liabilities 4,71,374.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 11,49,430.00
Total equity and liabilites 17,75,720.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Pantaloons 1,04,826.00 4,56,049.00
2 Ethnic and Others 95,021.00 3,69,495.00
3 Inter-segment results (834.00) (7,852.00)
4 Exceptional items 0.00 0.00
5 Investment in Joint Venture and Associate 0.00 0.00
Total Segment Revenue 1,99,013.00 8,17,692.00
Less: Inter segment revenue
Revenue from operations 1,99,013.00 8,17,692.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Pantaloons (2,644.00) (1,964.00)
2 Ethnic and Others (813.00) (39,884.00)
3 Inter-segment results (570.00) (4,495.00)
4 Exceptional items (1,137.00) (3,986.00)
5 Investment in Joint Venture and Associate (947.00) (2,935.00)
Total Profit before tax (6,111.00) (53,264.00)
i. Finance cost 14,566.00 51,568.00
ii. Other Unallocable Expenditure net off Unallocable income (1,202.00) (12,019.00)
Profit before tax (19,475.00) (92,813.00)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Pantaloons 5,83,239.00 5,83,239.00
2 Ethnic and Others 10,06,901.00 10,06,901.00
3 Inter-segment results (6,885.00) (6,885.00)
4 Exceptional items 0.00 0.00
5 Investment in Joint Venture and Associate 14,356.00 14,356.00
Total Segment Asset 15,97,611.00 15,97,611.00
Un-allocable Assets 1,78,109.00 1,78,109.00
Net Segment Asset 17,75,720.00 17,75,720.00
4 Segment Liabilities
Segment Liabilities
1 Pantaloons 4,30,203.00 4,30,203.00
2 Ethnic and Others 6,96,247.00 6,96,247.00
3 Inter-segment results (53,787.00) (53,787.00)
4 Exceptional items 0.00 0.00
5 Investment in Joint Venture and Associate 0.00 0.00
Total Segment Liabilities 10,72,663.00 10,72,663.00
Un-allocable Liabilities 76,758.00 76,758.00
Net Segment Liabilities 11,49,421.00 11,49,421.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) As per Attachment



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 (a) Re-measurement gains/ (losses) on defined benefit plans 592.00 523.00
2 (b) Fair value gains/ (losses) on equity instruments 0.00 744.00
Total Amount of items that will not be reclassified to profit and loss 592.00 1,267.00
2 Income tax relating to items that will not be reclassified to profit or loss 148.00 320.00
3 Amount of items that will be reclassified to profit and loss
1 (a) Exchange differences on translation of foreign operations 183.00 382.00
2 (b) Effective Portion of Cashflow Hedge (1.00) (18.00)
Total Amount of items that will be reclassified to profit and loss 182.00 364.00
4 Income tax relating to items that will be reclassified to profit or loss (8.00) (8.00)
5 Total Other comprehensive income 634.00 1,319.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (92,813.00)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 51,568.00
Adjustments for decrease (increase) in inventories (37,380.00)
Adjustments for decrease (increase) in trade receivables, current (3,971.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (35,977.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 23,296.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 4,004.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,33,949.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 6,426.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 201.00
Adjustments for dividend income 0.00
Adjustments for interest income 9,006.00
Adjustments for share-based payments 554.00
Adjustments for fair value losses (gains) (7,035.00)
Adjustments for undistributed profits of associates (2,935.00)
Other adjustments for which cash effects are investing or financing cash flow (12,851.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (203.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,16,510.00
Net cash flows from (used in) operations 23,697.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,622.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 16,075.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 61,620.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 5,289.00
Purchase of property, plant and equipment 50,882.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 2,238.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (44,969.00)
Net cash flows from (used in) investing activities (26,704.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 40.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares (847.00)
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 32,247.00
Repayments of borrowings 6,795.00
Payments of lease liabilities 79,647.00
Dividends paid 0.00
Interest paid 50,845.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 44,797.00
Net cash flows from (used in) financing activities (59,356.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (69,985.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (69,985.00)
Cash and cash equivalents cash flow statement at beginning of period 76,681.00
Cash and cash equivalents cash flow statement at end of period 6,696.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse & Co Chartered Accountants LLP Yes 30-11-2026