ABFRLAditya Birla Fashion and Retail Ltd.
Aditya Birla Fashion and Retail Q2 FY27 Results: Consolidated Net Loss ₹376 Crore on Total Income of ₹2,090 Crore
- Earnings
- Fashion and retail
Reviewed byKeshav SehgalBlacklitt Research
Aditya Birla Fashion and Retail (NSE: ABFRL) reported a consolidated net loss of ₹376.41 crore on total income of ₹2,089.78 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone net loss was ₹180.44 crore on total income of ₹1,555.66 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,089.78 crore, up 2.6% YoY and 0.4% QoQ
- Net profit: Loss of ₹376.41 crore; ₹342.84 crore attributable to owners, down from a loss of ₹263.33 crore a year earlier
- EPS: Basic loss of ₹2.82 per share, against ₹2.17 a year earlier
- Finance costs: ₹151.70 crore, up 22.1% YoY and 10.7% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,555.66 crore, down 0.7% YoY and 2.6% QoQ
- Net profit: Loss of ₹180.44 crore, against a loss of ₹110.66 crore a year earlier
- EPS: Basic loss of ₹1.48 per share, against ₹0.91 a year earlier
- Finance costs: ₹93.14 crore, up 10.3% YoY and 3.5% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,089.78 | 2,036.20 | +2.6% | 2,081.58 | +0.4% | |
| Revenue from operations | 2,030.03 | 1,981.66 | +2.4% | 2,025.56 | +0.2% |
| Other income | 59.75 | 54.54 | +9.6% | 56.02 | +6.7% |
| -376.41 | -295.09 | -27.6% | -248.73 | -51.3% | |
| Profit before tax | -454.49 | -333.06 | -36.5% | -320.26 | -41.9% |
| Finance costs | 151.70 | 124.21 | +22.1% | 137.09 | +10.7% |
| Depreciation | 369.37 | 325.17 | +13.6% | 349.73 | +5.6% |
| Tax expense | -78.08 | -37.97 | -105.6% | -71.53 | -9.2% |
| Net profit margin | -18.01% | -14.49% | -3.52 pp | -11.95% | -6.06 pp |
| EPS, basic (₹) | -2.82 | -2.17 | -30.0% | -1.77 | -59.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net loss widened in the quarter even though total income rose 2.6% year on year. Net profit fell 27.6% YoY, a larger loss against ₹2,089.78 crore of total income, and the loss attributable to owners of ₹342.84 crore is shown alongside non-controlling interest of ₹33.57 crore.
Other income grew faster than revenue from operations: other income rose 9.6% YoY against 2.4% for revenue from operations. Other income of ₹59.75 crore is 2.9% of total income this quarter, and finance costs of ₹151.70 crore are 7.3% of total income, up from ₹124.21 crore a year earlier.
Tax was a credit of ₹78.08 crore, against ₹37.97 crore a year earlier, so the tax line moved the net loss less than the pre-tax loss of ₹454.49 crore. The filing gives no reason for the higher deferred tax credit.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,555.66 | 1,566.09 | -0.7% | 1,596.65 | -2.6% | |
| Revenue from operations | 1,511.04 | 1,516.93 | -0.4% | 1,558.07 | -3.0% |
| Other income | 44.62 | 49.16 | -9.2% | 38.58 | +15.7% |
| -180.44 | -110.66 | -63.1% | -106.35 | -69.7% | |
| Profit before tax | -240.45 | -140.22 | -71.5% | -165.40 | -45.4% |
| Finance costs | 93.14 | 84.45 | +10.3% | 90.03 | +3.5% |
| Depreciation | 281.67 | 262.39 | +7.3% | 269.92 | +4.4% |
| Tax expense | -60.01 | -29.56 | -103.0% | -59.05 | -1.6% |
| Net profit margin | -11.60% | -7.07% | -4.53 pp | -6.66% | -4.94 pp |
| EPS, basic (₹) | -1.48 | -0.91 | -62.6% | -0.87 | -70.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net loss of ₹180.44 crore is 63.1% larger than a year earlier, while total income fell 0.7%. Revenue from operations fell 0.4% YoY, and other income fell 9.2% to ₹44.62 crore, which is 2.9% of total income.
Depreciation of ₹281.67 crore rose 7.3% YoY and finance costs of ₹93.14 crore rose 10.3%, both against a broadly flat top line. Standalone net worth stood at ₹7,414.54 crore at 30 Sep 2026.
The standalone results note that segment information is given only on a consolidated basis.
The consolidated net loss of ₹376.41 crore is ₹195.97 crore larger than the standalone loss of ₹180.44 crore, while consolidated total income is ₹534.12 crore higher than standalone.
Inference
The filing reports that the Scheme of Amalgamation of Jaypore E-Commerce Private Limited and TG Apparel & Decor Private Limited with the company was approved by the NCLT Mumbai Bench on 2 Jul 2026, with an appointed date of 1 Apr 2026 and an effective date of 1 Aug 2026. Comparative figures have been restated under the pooling of interests method.
The company paid ₹175 crore as subscription money for a rights issue by Indivinity Clothing Retail Private Limited, after which its stake rose from 85.54% to 89.29%. The filing does not say what the rights issue money will be used for.
The filing does not give the reason for the net loss in the quarter or any outlook for coming quarters, and a reader would want both.
Filed with BSE on . Reference: Original filing (PDF)
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