Aditya Birla Lifestyle Brands Ltd
Aditya Birla Lifestyle Brands Ltd
RetailKey Fundamentals
MicrocapSpeciality RetailRetailInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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40 extracted metrics + investor summaries across FY00–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Weaknesses
2- Stock is trading at 7.77 times its book value
- Company has low interest coverage ratio.
Growth Rate
AI Analysis — Bull vs Bear
Aditya Birla Lifestyle Brands Ltd trades at a PE of ~69.5x and 8.4x book value with a market cap of ~₹11,867 crore. FY26 revenue grew 7-8% YoY to ~₹8,396 crore with EBITDA margin expanding to 17.0%, while net profit rose sharply off a low base. The stock has declined ~37% over the past year despite improving operational metrics, reflecting the market's concern over elevated valuations and a leveraged balance sheet.
- FY26 normalised PAT grew 61% YoY to ₹209 crore, demonstrating strong earnings momentum off a low base
- EBITDA margin expanded to 17.0% in FY26 from ~15.5% in FY25, with Q4 FY26 margin at 17.2%, indicating improving operating leverage
- Revenue grew 7-8% YoY to ₹8,396 crore in FY26 despite a challenging consumer environment, with Q4 YoY growth at ~12%
- Store network expanded to 3,348 stores with 49% omni-channel enabled, providing a large physical and digital distribution moat
- Lifestyle Brands EBITDA margin reached 20.6% in Q3 FY26, up ~90 bps YoY, showing brand strength in the premium segment
- Company plans to add 120+ net new stores in FY27, supporting future revenue growth through distribution expansion
- Normalised PBT rose 48% YoY to ₹269 crore in FY26, signalling improving profitability before exceptional items
- Dividend yield of 0.51% provides a modest income stream, indicating management confidence in sustaining cash flows
- Stock trades at 69.5x PE and 8.4x book value — significantly elevated multiples that leave little room for execution misses
- Debt-to-equity ratio stands at 2.14x, indicating a highly leveraged balance sheet for a retail business
- Low interest coverage ratio compresses net margins — reported PAT margin is only ~2.0% despite 17% EBITDA margin
- Stock has declined 37% over the past one year, reflecting sustained de-rating despite improving fundamentals
- TTM sales growth of only 7% is modest for a company commanding a near-70x PE multiple
- Net profit of ₹171 crore on revenue of ₹8,396 crore translates to a thin net margin of ~2%, vulnerable to cost inflation
- ROE of ~14.8-16% is moderate relative to the premium valuation, suggesting returns may not justify the price-to-book of 8.4x
- Aggressive store expansion (120+ planned in FY27) will require continued capex, potentially straining an already leveraged balance sheet
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 PAT surges 185% YoY Jul 25
FY26 revenue reached ₹8,396 crore (+7% YoY), EBITDA ₹1,429 crore (+13%), and PAT ₹171 crore (+185%). First post-demerger dividend of ₹0.50/share declared.
- Q1FY27 revenue up 11% Aug 1
Q1FY27 revenue grew 11% to ₹2,046 crore with PAT up 21% to ₹29 crore, driven by double-digit retail LTL growth and strong e-commerce expansion.
- First dividend announced Jul 23
Board recommended ₹0.50/share dividend for FY25 with record date August 7, 2026. AGM scheduled for August 19, 2026 via VC/OAVM.
- ESOP scheme for 1.5% equity Aug 1
Board approved ESOP & PSOS Scheme 2026 covering up to 1,83,07,800 shares (1.5% of equity). Shareholder approval via postal ballot pending.
- ₹150 Cr CP fully repaid Jul 23
Full repayment of ₹150 crore Commercial Paper completed on July 23, 2026 at maturity, reducing short-term debt obligations.
- Q1 FY27 earnings call scheduled Jul 29
Earnings conference call to discuss Q1 FY27 results scheduled for August 3, 2026 at 4:00 p.m. IST.
TL;DR: ABLBL is delivering strong profit growth post-demerger with PAT up 185% in FY26 and continued momentum in Q1FY27 (+11% revenue, +21% PAT). Margin expansion in emerging businesses and e-commerce traction are key positives. No material headwinds visible in recent news flow. The trend is clearly improving with profitability inflecting upward and the company initiating its first dividend, signaling management confidence in sustaining earnings.
Quarterly Results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,784 | 1,965 | 2,138 | 1,942 | 1,841 | 2,038 | 2,343 | 2,174 | 2,046 |
| Expenses | 1,506 | 1,684 | 1,805 | 1,633 | 1,577 | 1,721 | 1,931 | 1,822 | 1,738 |
| Operating Profit | 279 | 281 | 333 | 309 | 263 | 317 | 412 | 352 | 308 |
| OPM % | 16% | 14% | 16% | 16% | 14% | 16% | 18% | 16% | 15% |
| Other Income | 14 | -78 | 22 | 21 | 23 | 21 | -22 | 15 | 18 |
| Interest | 97 | 109 | 96 | 89 | 85 | 98 | 95 | 86 | 83 |
| Depreciation | 162 | 175 | 176 | 188 | 173 | 209 | 204 | 210 | 204 |
| PBT | 33 | -81 | 83 | 52 | 28 | 31 | 91 | 70 | 39 |
| Tax % | 31% | -27% | 27% | 26% | 15% | 25% | 24% | 23% | 26% |
| Net Profit | 23 | -59 | 60 | 38 | 24 | 23 | 69 | 55 | 29 |
| EPS in Rs | — | — | — | — | 0.2 | 0.19 | 0.57 | 0.45 | 0.24 |
Profit & Loss
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| Sales | 7,830 | 8,396 | 8,601 |
| Expenses | 6,607 | 7,025 | 7,212 |
| Operating Profit | 1,223 | 1,371 | 1,389 |
| OPM % | 16% | 16% | 16% |
| Other Income | -21 | 36 | 32 |
| Interest | 413 | 392 | 363 |
| Depreciation | 706 | 795 | 827 |
| PBT | 83 | 220 | 231 |
| Tax % | 29% | 22% | — |
| Net Profit | 60 | 171 | 176 |
| EPS in Rs | — | 1.4 | 1.45 |
| Div. Payout % | 0% | 36% | — |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 0.05 | 1,221 |
| Reserves | 1,276 | 192 |
| Borrowings | 2,932 | 3,018 |
| Other Liabilities | 4,070 | 4,290 |
| Total Liabilities | 8,279 | 8,720 |
| Fixed Assets | 3,280 | 3,609 |
| CWIP | 13 | 46 |
| Investments | 117 | 16 |
| Other Assets | 4,869 | 5,049 |
| Total Assets | 8,279 | 8,720 |
Cash Flow
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Operating | 1,144 | 1,219 |
| Investing | 7 | -198 |
| Financing | -1,230 | -983 |
| Net Cash Flow | -79 | 38 |
| Free Cash Flow | 901 | 896 |
| CFO/OP | 94 | 92 |
Ratios
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor Days | 62 | 52 |
| Inventory Days | 235 | 252 |
| Days Payable | 237 | 246 |
| Cash Conversion Cycle | 60 | 59 |
| Working Capital Days | -16 | 8 |
| ROCE % | — | 15% |
Documents
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Company Information
Incorporated in 2025, Aditya Birla Lifestyle Brands Ltd is in the business of premium western wear brands[1]