# Aditya Birla Fashion And Retail (ABFRL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/abfrl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹39.13
- Change: -6.34%
- As of: 2026-11-06
- 1D return: -6.34%
- 5D return: +0.90%
- 1M return: -9.38%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ABFRL is in a confirmed bearish trend across daily, weekly, and monthly timeframes as of the close on 2026-11-05. The stock closed at ₹41.78, trading below all key moving averages (EMA/SMA 20, 50, 200) and the Supertrend indicator. Trend strength is established to strong, with ADX readings of 35.63 (daily), 29.72 (weekly), and 76.95 (monthly). Despite the overarching downtrend, short-term momentum showed a sharp reversal signal on 2026-11-05 with a +2.8% upward gap anomaly (z-score 3.26), pushing price near the nearest resistance at ₹42.13 (0.85% above). However, this bounce faces significant headwinds: the stock remains 85.4% below its available high, with a maximum drawdown of -86.4%. A monthly 'Inside Bar' pattern is active, suggesting consolidation or potential breakout/breakdown from current levels. Support lies immediately at ₹41.40 (high) and ₹40.11 (pivot). The setup is fragile; while the gap suggests temporary buying interest, the structural trend remains firmly down.

- Trend Structure: Bearish across all horizons (Daily/Weekly/Monthly); price trades below all major MAs and Supertrend.
- Momentum Signal: Sharp +2.8% upward gap on 2026-11-05 (HIGH severity) indicates short-term volatility, but monthly ADX (76.95) confirms strong underlying downward pressure.
- Key Levels: Immediate resistance at ₹42.13 (+0.85%); next resistance at ₹43.42 (+3.92%). Support at ₹41.40 (-0.92%) and ₹40.11 (-3.99%).
- Risk Profile: Extreme historical drawdown (-85.4% current, -86.4% max); annualized volatility at 61.6%; price sits near lower end of 252-day range (+7.3%).

- Inside Bar
- Outside Bar
- Doji
- Harami
- Bullish Engulfing Reversal

### News Context

Aditya Birla Fashion and Retail Limited (ABFRL) reported a consolidated net loss of ₹180 crore for Q2 FY27, marking a 64% widening from the ₹110 crore loss in the corresponding period last year. While revenue remained stable at ₹1,511 crore, operating performance deteriorated significantly, with EBITDA declining 42.9% to ₹89 crore and margins contracting to 5.9%. This divergence between flat top-line growth and shrinking profitability highlights increased operational pressures or cost headwinds during the quarter. Broader market context on November 5, 2026, indicated a gap-up open for Indian indices driven by falling Brent crude prices and geopolitical developments, but this macro backdrop does not directly explain ABFRL's specific financial results.

- Q2 FY27 net loss widened 64% YoY to ₹180 crore, up from ₹110 crore in Q2 FY26.
- Revenue held steady at ₹1,511 crore, but EBITDA fell 42.9% to ₹89 crore.
- EBITDA margin contracted sharply to 5.9%, indicating significant operating leverage challenges.
- Market indices opened higher on November 5, 2026, due to crude price declines, unrelated to ABFRL's earnings release.

- [Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore](https://ianslive.in/aditya-birla-fashions-q2-loss-widens-64-pc-to-rs-180-crore--20261105200837)
- [Stock Market LIVE: GIFT Nifty jumps 300 pts as Brent crude slips below $100; Kospi tumbles 4%](https://www.business-standard.com/markets/news/stock-market-live-november-5-nse-bse-sensex-today-nifty50-gift-nifty-crude-oil-prices-ipo-today-126110500085_1.html)

### What Changed

Aditya Birla Fashion and Retail (ABFRL) reported unaudited financial results for the quarter and half-year ended September 30, 2026, on November 5, 2026. The company recorded a consolidated net loss of ₹180 crore for Q2 FY27, widening by 64% from the ₹110 crore loss in the prior year period. While revenue remained largely flat at ₹1,511 crore, EBITDA declined 42.9% to ₹89 crore, with margins contracting to 5.9%. On a standalone basis, H1 FY27 revenue grew 6% YoY to ₹4,056 crore, but profitability was impacted by negative operating leverage due to shifted festive dates and strategic investments in scaling new businesses like Galeries Lafayette. Despite the losses, the company closed Q2 with gross cash of ₹1,143 crore. Emerging brands showed growth momentum, with OWND increasing 58%, Ethnic portfolio up 12%, Luxury up 11%, and TMRW up 10%. The stock price observed on November 5, 2026, was ₹41.78, up from ₹40.62 previously.

- Q2 FY27 Consolidated Net Loss: Widened to ₹180 crore (from ₹110 crore YoY), driven by a 42.9% drop in EBITDA to ₹89 crore despite stable revenue of ₹1,511 crore.
- H1 FY27 Revenue Growth: Standalone revenue rose 6% YoY to ₹4,056 crore; however, standalone PAT fell to -₹376 crore from -₹295 crore in the prior year period.
- Emerging Brand Momentum: New ventures drove top-line expansion in H1, with OWND (+58%), Ethnic (+12%), Luxury (+11%), and TMRW (+10%) showing double-digit or higher growth.
- Liquidity Position: The company maintained a strong liquidity buffer with gross cash of ₹1,143 crore at the end of Q2 FY27.

- [Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore](https://ianslive.in/aditya-birla-fashions-q2-loss-widens-64-pc-to-rs-180-crore--20261105200837)
- [Aditya Birla Fashion and Retail Limited has submitted to the Exchange about the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABFRL_05112026172207_SE.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange regarding a press release for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ABFRL_05112026173645_SE_Press_release.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ABFRL_05112026174157_SE.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753816_05112026060344_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753822_05112026060435_WEB.xml)

### Official Filings

Aditya Birla Fashion and Retail Limited (ABFRL) reported unaudited financial results for Q2 and H1 FY27, revealing a divergence between top-line growth and profitability. While consolidated revenue grew 6% YoY to ₹4,056 Cr in the half-year, driven by strong performance in emerging businesses like OWND (58% growth), EBITDA margins contracted to 7.5%. The company posted a net loss of ₹376 Cr in Q2, widening from ₹295 Cr in the prior year period. Management attributed this decline to negative operating leverage caused by shifted festive dates and strategic investments in scaling new ventures such as Galeries Lafayette. Governance updates include shareholder approval of the ESOP Scheme 2026 with over 96% support and confirmation that proceeds from the 2020 Rights Issue have been fully utilized without deviation.

- Q2 FY27 Consolidated Revenue: ₹116 Cr (up 2% YoY); H1 FY27 Revenue: ₹4,056 Cr (up 6% YoY).
- Profitability Shift: Q2 EBITDA declined 43% to ₹67 Cr; Net Loss widened to ₹376 Cr from ₹295 Cr YoY due to festive calendar shifts and scale-up costs.
- Growth Drivers: Emerging portfolios led expansion, with OWND up 58%, Ethnic up 12%, Luxury up 11%, and TMRW up 10%.
- Capital & Governance: 2020 Rights Issue proceeds (₹992.70 Cr received, ₹987.50 Cr utilized) show no deviation; ESOP Scheme 2026 approved by shareholders on Nov 2, 2026.

- [Aditya Birla Fashion and Retail Limited has submitted to the Exchange about the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABFRL_05112026172207_SE.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange regarding a press release for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ABFRL_05112026173645_SE_Press_release.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ABFRL_05112026174157_SE.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753816_05112026060344_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753822_05112026060435_WEB.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ABFRL_05112026184006_SE_Monitoring_Agency_Report.pdf)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751522_02112026091848_WEB.xml)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751526_02112026092918_WEB.xml)
- [Aditya Birla Fashion and Retail Limited has submitted the Exchange a copy of Voting Results and Scrutinizer Report of the Postal Ballot notice of the Company dated August 8, 2026 |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/ABFRL_02112026212724_SE.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_7044_WebXMLFile_20261101_134152739.xml)

### Fundamentals

Aditya Birla Fashion and Retail (ABFRL) is navigating a significant earnings deterioration in FY2026-27, marked by rising costs outpacing revenue growth. In Q2 FY2026-27, revenue increased sequentially to ₹2,030 crore, yet expenses rose faster to ₹2,538 crore. This dynamic pushed the company into deeper losses: Net Profit fell to -₹376 crore from -₹249 crore in Q1, while Profit Before Tax dropped to -₹448 crore from -₹314 crore. The trend of negative operating leverage persists, with TTM sales at ₹8,371 crore but TTM net profit at -₹845 crore.

Financial health signals are mixed. While borrowings declined from ₹9,451 crore (Mar 2024) to ₹5,017 crore (Mar 2025), they rebounded to ₹6,189 crore in Mar 2026. Cash reserves have tightened sharply, falling from ₹667 crore (Sep 2025) to ₹102 crore (Sep 2026). Conversely, working capital efficiency improved significantly, with the Cash Conversion Cycle dropping from 117 days (Mar 2024) to 54 days (Mar 2026). However, inventory levels remain high at ₹3,171 crore as of Sep 2026. Institutional ownership has contracted, with DIIs reducing their stake from 14.76% to 4.28% over two years.

- Earnings Quality Deterioration: Sequential revenue growth failed to offset expense increases in Q2 FY2026-27, widening Net Loss to -₹376 crore and PBT to -₹448 crore.
- Liquidity Tightening: Cash and cash equivalents plummeted to ₹102 crore as of Sep 2026, down from ₹667 crore a year prior, despite total assets growing to ₹18,077 crore.
- Efficiency vs. Leverage: Working capital management improved markedly (CCC reduced to 54 days), but borrowings rose to ₹6,189 crore in Mar 2026 after a period of deleveraging.
- Institutional Exit: Foreign and Domestic Institutional investors have steadily reduced holdings, with DIIs falling to 4.28% and FIIs to 10.11% by Sep 2026.

### Bear Case

Aditya Birla Fashion and Retail (ABFRL) faces significant operational and market headwinds as of November 2026. Fundamentally, the company reported a consolidated net loss of ₹180 crore for Q2 FY27, a 64% widening from the ₹110 crore loss in the same period last year. Despite revenue remaining stable at ₹1,511 crore, operating performance deteriorated sharply with EBITDA falling 42.9% to ₹89 crore and margins contracting to 5.9%. Technically, the stock exhibits a strong bearish trend across daily, weekly, and monthly timeframes, indicated by negative slopes in moving averages and Supertrend signals. The share price closed at ₹41.78 on November 5, 2026, reflecting a severe drawdown of -85.4% from its peak, with an annualized volatility of 61.6%. Over the past year, the stock has lost 50.3%, while year-to-date returns stand at -45.1%. Immediate resistance is located near ₹42.13, just 0.85% above current levels, suggesting limited upside momentum.

- Q2 FY27 net loss widened 64% to ₹180 crore against flat revenue of ₹1,511 crore, with EBITDA margin compressing to 5.9%.
- Technical indicators show a persistent bearish trend across daily, weekly, and monthly charts, with moving averages sloping negatively.
- The stock has suffered a maximum drawdown of -86.4% and currently trades at a -85.4% drawdown from highs, with high annualized volatility of 61.6%.
- Year-to-date return is -45.1% and one-year return is -50.3%, indicating sustained underperformance relative to broader market trends.

- [Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore](https://ianslive.in/aditya-birla-fashions-q2-loss-widens-64-pc-to-rs-180-crore--20261105200837)
- [Stock Market LIVE: GIFT Nifty jumps 300 pts as Brent crude slips below $100; Kospi tumbles 4%](https://www.business-standard.com/markets/news/stock-market-live-november-5-nse-bse-sensex-today-nifty50-gift-nifty-crude-oil-prices-ipo-today-126110500085_1.html)
- [Aditya Birla Fashion and Retail Limited has submitted to the Exchange about the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABFRL_05112026172207_SE.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange regarding a press release for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ABFRL_05112026173645_SE_Press_release.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ABFRL_05112026174157_SE.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753816_05112026060344_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753822_05112026060435_WEB.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ABFRL_05112026184006_SE_Monitoring_Agency_Report.pdf)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751522_02112026091848_WEB.xml)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751526_02112026092918_WEB.xml)

### FAQs

**How did ABFRL's profitability change in Q2 FY27 compared to the prior year?**

ABFRL reported a consolidated net loss of ₹180 crore for Q2 FY27, widening by 64% from the ₹110 crore loss in the same period last year. While revenue remained largely unchanged at ₹1,511 crore, EBITDA declined 42.9% to ₹89 crore, with margins contracting to 5.9%. The company attributed this decline in operating leverage to a shift in festive dates and the scale-up of new businesses.

**Which business segments drove growth despite overall profit pressure?**

Emerging businesses showed strong growth momentum during the half-year ended September 30, 2026. Specifically, the Ethnic portfolio grew 12%, Luxury grew 11%, TMRW grew 10%, and OWND surged 58%. These gains contributed to H1 FY27 revenue reaching ₹4,056 crore, up 6% year-on-year, even as strategic investments in scaling newer businesses like Galeries Lafayette impacted near-term profitability.

**What is the current technical trend and price action for ABFRL shares?**

As of November 5, 2026, the stock closed at ₹41.78, with daily and monthly Supertrend indicators signaling a bearish trend. The stock has experienced significant drawdowns, including a maximum drawdown of -86.4% and a current drawdown of -85.4%. Over the past year, the share price has fallen 50.3%, while annualized volatility stands at +61.6%.

**What was ABFRL's cash position at the end of Q2 FY27?**

The company closed Q2 FY27 with gross cash reserves of ₹1,143 crore. This financial position was reported alongside the Board-approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, which were reviewed by Price Waterhouse & Co Chartered Accountants LLP.

- [Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore](https://ianslive.in/aditya-birla-fashions-q2-loss-widens-64-pc-to-rs-180-crore--20261105200837)
- [Stock Market LIVE: GIFT Nifty jumps 300 pts as Brent crude slips below $100; Kospi tumbles 4%](https://www.business-standard.com/markets/news/stock-market-live-november-5-nse-bse-sensex-today-nifty50-gift-nifty-crude-oil-prices-ipo-today-126110500085_1.html)
- [Aditya Birla Fashion and Retail Limited has submitted to the Exchange about the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABFRL_05112026172207_SE.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange regarding a press release for the quarter and half year ended September 30, 2026. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/ABFRL_05112026173645_SE_Press_release.pdf)
- [Aditya Birla Fashion and Retail Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ABFRL_05112026174157_SE.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753816_05112026060344_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753822_05112026060435_WEB.xml)
- [Monitoring Agency Report for the quarter ended September 30, 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/ABFRL_05112026184006_SE_Monitoring_Agency_Report.pdf)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751522_02112026091848_WEB.xml)
- [MEETING DATE : 02-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751526_02112026092918_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹41.81
- Risk regime: Higher Price Risk

### Support levels
- 39.12
- 38.3

### Resistance levels
- 45.900000000000006
- 47.39
- 49.6

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -6.34% |
| return_10 | -1.61% |
| return_1m | -14.34% |
| return_1y | -49.88% |
| return_20 | -9.38% |
| return_3m | -38.14% |
| return_5 | +0.90% |
| return_6m | -40.90% |
| return_since_start | -86.12% |
| return_ytd | -48.58% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -86.44% |
| annualized_volatility | +61.66% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Aditya Birla Fashion and Retail Limited Q2 FY2026-27: Loss widens as costs outpace revenue

Aditya Birla Fashion and Retail’s revenue from operations rose 2.4% year on year to ₹2,030 crore in Q2 FY2026-27, while expenses increased 7.1% to ₹2,538 crore. The pre-tax loss widened to ₹448 crore from ₹314 crore in Q1 FY2026-27 and ₹333 crore a year earlier; the consolidated loss for the period was ₹376 crore.

## Revenue growth lagged expense growth

Revenue from operations was ₹2,030 crore, up from ₹2,026 crore in Q1 FY2026-27 and ₹1,982 crore in Q2 FY2025-26. Total income, including ₹60 crore of other income, was ₹2,090 crore. Expenses rose to ₹2,538 crore from ₹2,395 crore in Q1 FY2026-27 and ₹2,369 crore in Q2 FY2025-26.

Purchases of stock in trade were ₹1,067 crore, employee benefit expense was ₹345 crore and depreciation and amortisation expense was ₹369 crore. Changes in inventories contributed a ₹407 crore credit to expenses.

## Losses and loss per share increased

The pre-tax loss widened to ₹448 crore from ₹314 crore in Q1 FY2026-27 and ₹333 crore in Q2 FY2025-26. Tax expense was negative ₹78 crore, comprising a deferred tax benefit of ₹80 crore and current tax expense of ₹2 crore. The loss for the period was ₹376 crore, compared with ₹249 crore in Q1 FY2026-27 and ₹295 crore a year earlier. The loss attributable to owners of the parent was ₹343 crore, with ₹34 crore attributable to non-controlling interests.

Basic and diluted loss per share were both ₹2.82, compared with ₹1.77 in Q1 FY2026-27 and ₹2.17 in Q2 FY2025-26. Comprehensive loss was ₹372 crore, with other comprehensive income of ₹5 crore.

## Operating cash flow was negative

Operating activities used ₹87 crore of cash, while investing activities generated ₹298 crore and financing activities used ₹176 crore. Operating and investing cash flows together were positive ₹211 crore, as the investing inflow exceeded the operating outflow.

## Liquidity balances and equity declined

At 30 September 2026, cash and cash equivalents were ₹102 crore, compared with ₹67 crore at 31 March 2026 and ₹667 crore at 30 September 2025. Other bank balances were ₹314 crore, down from ₹414 crore at 31 March 2026. Current investments fell to ₹602 crore from ₹1,065 crore at 31 March 2026.

Equity attributable to owners of the parent declined to ₹5,227 crore from ₹5,839 crore at 31 March 2026 and ₹6,690 crore at 30 September 2025. Non-current financial liabilities rose to ₹6,569 crore from ₹6,275 crore at 31 March 2026; non-current borrowings were ₹1,333 crore, versus ₹1,091 crore at that date.

Inventories increased to ₹3,171 crore from ₹2,828 crore at 31 March 2026 and ₹2,759 crore at 30 September 2025. Trade receivables were ₹421 crore, compared with ₹407 crore at 31 March 2026.

## Property, plant and equipment increased

Property, plant and equipment stood at ₹5,057 crore at 30 September 2026, up from ₹4,925 crore at 31 March 2026 and ₹4,128 crore at 30 September 2025. Capital work in progress was ₹69 crore, compared with ₹88 crore at 31 March 2026 and ₹271 crore a year earlier. Goodwill was ₹2,671 crore and other intangible assets were ₹2,714 crore.

## Key Takeaway

Revenue grew modestly year on year, but faster expense growth contributed to wider pre-tax and net losses. Negative operating cash flow, lower current investments and reduced parent equity highlight continued pressure, although investing cash inflow more than offset the operating outflow in the quarter.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +46.61%
- FII holding: +10.11%
- DII holding: +4.28%
- Mutual fund holding: +3.79%
- Retail holding: +11.05%
- Promoter pledged: +0.00%

### Major reported shareholders

- Birla Group Holdings Private Limited — +17.40% (Bodies Corporate)
- Igh Holdings Private Limited — +11.18% (Bodies Corporate)
- Grasim Industries Ltd — +8.00% (Bodies Corporate)
- Pilani Investment And Industries — +5.67% (Bodies Corporate)
- Hindalco Industries Limited — +4.12% (Bodies Corporate)
- Theleme India Master Fund Limited — +3.19%
- Sachin Bansal — +1.66%
- Quant Mutual Fund - Quant Small Cap Fund — +1.57%
- Bandhan Small Cap Fund — +1.47%
- Vinod Maganlal Shah — +1.25%

## Official filings

- 2026-11-07 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_07112026160738_SE-NP_Q2_FY27.pdf)
- 2026-11-05 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_05112026172207_SE.pdf)
- 2026-11-05 — Press Release: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_05112026173645_SE_Press_release.pdf)
- 2026-11-05 — Earnings Presentation: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_05112026174157_SE.pdf)
- 2026-11-05 — Financial Results Filing: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753816_05112026060344_WEB.xml)
- 2026-11-05 — Financial Results Filing: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753822_05112026060435_WEB.xml)
- 2026-11-05 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_05112026184006_SE_Monitoring_Agency_Report.pdf)
- 2026-11-02 — Regulatory Filing: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751522_02112026091848_WEB.xml)
- 2026-11-02 — Regulatory Filing: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1751526_02112026092918_WEB.xml)
- 2026-11-02 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_02112026212724_SE.pdf)
- 2026-11-01 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_7044_WebXMLFile_20261101_134152739.xml)
- 2026-11-01 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_01112026155956_SE-F.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_7044_WebXMLFile_20261030_155625226.xml)
- 2026-10-30 — Board Meeting Notice: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_30102026155923_SE.pdf)
- 2026-10-16 — Shareholding Disclosure: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740096_16102026045859_WEB.xml)
- 2026-10-08 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_08102026110546_SE.pdf)
- 2026-10-04 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_04102026131633_SE.pdf)
- 2026-10-03 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_03102026191954_SE.pdf)
- 2026-10-03 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_7044_WebXMLFile_20261003_192738339.xml)
- 2026-09-25 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_7044_WebXMLFile_20260925_125220064.xml)
- 2026-09-25 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_25092026130229_ABFRL_Closure_of_Trading_Window_Q2.pdf)
- 2026-09-18 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_18092026163814_SE.pdf)
- 2026-09-17 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_7044_WebXMLFile_20260917_140704350.xml)
- 2026-09-17 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABFRL_17092026141109_ABFRL_SE_intimation.pdf)
- 2026-09-17 — Generic Announcement: Aditya Birla Fashion and Retail Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_7044_WebXMLFile_20260917_221934253.xml)

## News and market events

- 2026-11-05 — IANSLIVE.IN: **Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore** — Aditya Birla Fashion and Retail Limited reported a consolidated net loss of Rs 180 crore for Q2 FY27, widening by 64 per cent from the Rs 110 crore loss in the corresponding period last year. The company's revenue remained largely unchanged at Rs 1,511 crore, but operating performance weakened significantly with EBITDA declining 42.9 per cent to Rs 89 crore and its margin contracting to 5.9 per cent. — [Source](https://ianslive.in/aditya-birla-fashions-q2-loss-widens-64-pc-to-rs-180-crore--20261105200837)
- 2026-11-05 — BUSINESS: **Stock Market LIVE: GIFT Nifty jumps 300 pts as Brent crude slips below $100; Kospi tumbles 4%** — GIFT Nifty indicated a gap-up open for the Nifty50 index, surging 342 points to 24,311, as Brent crude prices slipped below $100 amid expectations of a faster resolution to the West-Asia conflict following the US midterm election results. Asian markets were mixed with traders rotating out of semiconductor shares into consumer and financial sectors, while Japan’s Nikkei 225 and KOSPI fell 0.39 per cent and 3.6 per cent respectively. Additionally, Bombay Coated & Special Steels is set to debut on exchanges on Thursday, and several companies including Aadhar Housing Finance and Bharti Airtel are — [Source](https://www.business-standard.com/markets/news/stock-market-live-november-5-nse-bse-sensex-today-nifty50-gift-nifty-crude-oil-prices-ipo-today-126110500085_1.html)
- 2026-10-15 — Mint: **‘You either grow or you go down’: Kumar Mangalam Birla plans up to $30 billion investment in India, overseas | Company Business News** — Aditya Birla Group plans to invest up to $30 billion across its businesses in India and overseas over the next two to three years, including expanding US operations. Details here. — [Source](https://www.livemint.com/companies/news/you-either-grow-or-you-go-down-kumar-mangalam-birla-plans-up-to-30-billion-investment-in-india-overseas-11792061746474.html)
- 2026-10-14 — Mint: **Kumar Mangalam Birla eyes $30 billion investment amid global uncertainties: ‘You either grow or you go down’ | Company Business News** — Kumar Mangalam Birla plans to invest up to $30 billion across the Aditya Birla Group’s businesses over next two to three years, adding about increased spending in the United States. The Aditya Birla Group has operations in 41 countries, reported revenue of $72 billion in financial year ended March. — [Source](https://www.livemint.com/companies/people/kumar-mangalam-birla-eyes-30-billion-investment-amid-global-uncertainties-you-either-grow-or-you-go-down-11791997279505.html)
- 2026-10-14 — Economic Times: **Kumar Mangalam Birla plans $30 billion push undeterred by crises** — Kumar Mangalam Birla announced plans to invest $30 billion over the next two to three years. This investment will target businesses both in India and internationally, reflecting the group's global operations. The Aditya Birla Group will allocate $5 billion for a new aluminum recycling plant in Alabama. Birla acknowledged that geopolitical issues complicate investment decisions and have changed strategies. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/kumar-mangalam-birla-plans-30-billion-push-undeterred-by-crises/articleshow/134944242.cms)
- 2026-10-14 — MONEYCONTROL: **Kumar Mangalam Birla says investment calls becoming tougher now** — Billionaire Kumar Mangalam Birla, aditya birla group, kumar birla, birla investment — [Source](https://www.moneycontrol.com/news/business/companies/kumar-mangalam-birla-says-investment-calls-becoming-tougher-now-14051457.html)
- 2026-10-14 — CNBC-TV18: **Kumar Mangalam Birla says investment calls are becoming tougher now amid 'global volatility'** — Aditya Birla Group Chairman Kumar Mangalam Birla said global crises and volatile trade policies have made investment decisions tougher, while the conglomerate continues expanding across sectors. — [Source](https://www.cnbctv18.com/business/kumar-mangalam-birla-says-investment-calls-are-becoming-tougher-now-amid-global-volatility-20011351.htm)
- 2026-09-30 — MONEYCONTROL: **Nestle, Marico, Lenskart among Nomura picks as consumer margins face pressure** — Nestle, Marico, Lenskart, consumer stocks, Nomura, FMCG — [Source](https://www.moneycontrol.com/news/business/stocks/nestle-marico-lenskart-among-nomura-picks-as-consumer-margins-face-pressure-14041661.html)
- 2026-09-18 — BUSINESSTODAY: **Aditya Birla Fashion arm raises stake to 100% in Urbano brand owner; stock reacts** — Aditya Birla Fashion and Retail, ABFRL, Aditya Birla Digital Fashion Ventures, Imperial Online Services, Urbano, Urbano brand, Aditya Birla Fashion shares, ABFRL share price, stake acquisition, fashion apparel, fashion stocks, Aditya Birla Fashion subsidiary — [Source](https://www.businesstoday.in/markets/stocks/story/aditya-birla-fashion-arm-raises-stake-to-100-in-urbano-brand-owner-stock-reacts-556341-2026-09-18)
- 2026-08-27 — CNBC-TV18: **Sabyasachi looks beyond couture as jewellery, menswear drive next phase of growth** — Sabyasachi Mukherjee is expanding beyond his couture roots, betting on jewellery, menswear and a partnership with New York’s Met to build an Indian luxury brand with global reach. — [Source](https://www.cnbctv18.com/business/startup/sabyasachi-mukherjee-global-luxury-brand-indian-craft-19978595.htm)
- 2026-08-14 — Mint: **Pulse of the Street: Tata jitters, metal rout weigh on Indian equities** — Indian equities fell 0.8% this week as Tata succession uncertainty and a sell-off in metals outweighed gains in telecom and realty stocks, leaving India behind a broader AI-led rally across Asia. — [Source](https://www.livemint.com/market/stock-market-news/pulse-of-the-street-tata-jitters-metal-rout-weigh-on-indian-equities-11786708624550.html)
- 2026-08-10 — CNBC-TV18: **Top 8 Nifty 500 movers: From Hitachi Energy to Kaynes Tech, here are the biggest gainers and losers at opening** — The Nifty 500 saw active trading at market open today, with power, diagnostics and travel-tech names leading gains while electronics manufacturing and fashion retail slipped.Here's a look at the stocks that stood out as today's biggest movers on the index this morning. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-hitachi-energy-vijaya-diagnostics-kaynes-ola-electric-19965194.htm)
- 2026-08-10 — CNBC-TV18: **Aditya Birla Fashion shares fall 8% after Q1 loss widens; revenue up 11%** — Aditya Birla Fashion and Retail said growth during the quarter was led by Pantaloons, the continued scaling of TMRW and the ramp-up of its luxury business. However, profitability remained under pressure due to higher direct and other costs. — [Source](https://www.cnbctv18.com/market/aditya-birla-fashion-share-price-fall-q1-results-loss-widens-revenue-ebitda-margin-19965335.htm)
- 2026-08-10 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty slips below 24,550; Aditya Birla Fashion down 8%** — Sensex Today | Stock Market LIVE Updates: The markets are trading in a volatile space, as the Nifty index remains cautious with negative bias. The index is looking to hold onto the 24,500 mark. The Nifty Bank is also under pressure, down 200 points. SBI, Adani Ports and HDFC Life are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-banks-midcaps-bajaj-fin-pfc-kaynes-ola-bharat-forge-share-price-liveblog-19965161.htm)
- 2026-08-10 — MONEYCONTROL: **ABFRL shares fall 8.5% as Q1 net loss widens on high expenses** — ABFRL share price — [Source](https://www.moneycontrol.com/news/business/markets/abfrl-shares-fall-8-5-as-q1-net-loss-widens-on-high-expenses-13999468.html)
- 2026-08-08 — The Hindu: **Q1 Results Today Live: BEML Q1 loss narrows to ₹27 cr, Eveready profit up 22%, Aditya Birla Fashion Q1 loss widens to ₹249 cr; Delhivery, Akums Drugs Pharma among firms to announce results today** — Track all the latest Q1 FY27 earnings announcements, corporate developments and management commentary as companies including Delhivery, Eveready Industries India, Medi Assist Healthcare Services, Oswal Pumps, Studds Accessories report their June quarter results. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/q1-results-today-live-updates-delhivery-anant-raj-apollo-micro-systems-akums-drugs-pharma-aditya-birla-fashion-ceigall-pnc-infratech-oswal-pumps-results-08-august-2026/article71320548.ece)

## Business profile

**Strategic vision:** Fashion and lifestyle retail company operating diverse brands.

### Business segments
- **Masstige and Value Retail:** This segment includes the well-known family fashion retail destination Pantaloons, the value fashion brand Style Up, and the Gen Z-focused brand OWND.
- **Branded Ethnic Wear:** The company has a significant presence in ethnic wear through brands like Jaypore and TASVA, the TCNS portfolio, and partnerships with designers.
- **International & Luxury:** This segment includes the multi-brand luxury retail chain The Collective and exclusive rights for international brands, along with a partnership for Galeries Lafayette.
- **TMRW (House of D2C Brands):** A business unit focused on acquiring and scaling digital-first fashion and lifestyle brands in collaboration with online entrepreneurs.

### Competitive strengths
- Established retail footprint across India.
- Portfolio of diverse fashion brands spanning multiple consumer segments.
- Strategic partnerships with international designers and luxury brands.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/abfrl
Markdown representation: https://faxioms.com/stocks/abfrl?render=md