Aditya Birla Fashion & Retail shareholders approved all four resolutions at its 19th Annual General Meeting held on August 25, 2026. The voting process concluded with unanimous support for adopting financial statements and key board appointments.

The meeting, conducted via video conferencing, saw high participation from institutional investors. Promoter and promoter group shareholders cast votes on all their holdings, representing 568,911,129 shares. Public institutional investors polled 90.09% of their shares, while public non-institutional investors polled 6.80%.

Resolution Outcomes

All ordinary resolutions passed with requisite majorities. The key outcomes included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Reappointment of Aryaman Vikram Birla as Non-Executive Director.
• Reappointment of Price Waterhouse & Co Chartered Accountants LLP as statutory auditors.
• Re-designation of Sangeeta Tanwani as Non-Executive Non-Independent Director.

Voting Breakdown

The scrutinizer’s report noted that 3,734,684 equity shares held by the Employee Benefit Trust were excluded from voting calculations as per SEBI regulations. Remote e-voting occurred between August 21 and August 24, 2026, with additional voting conducted during the meeting.

Aditya Birla Fashion & Retail reported an 11% year-on-year revenue increase to ₹8,177 crore for the fiscal year ended March 31, 2026, driven by broad-based growth across its portfolio and stronger retail execution.

The company held its 19th Annual General Meeting on August 25, 2026, where shareholders approved the adoption of audited standalone and consolidated financial statements for FY26. The meeting also saw the re-appointment of Aryaman Vikram Birla as a Non-Executive Director and Price Waterhouse & Co Chartered Accountants LLP as Statutory Auditors. Additionally, Ms. Sangeeta Tanwani was re-designated and appointed as a Non-Executive Non-Independent Director.

Financial Performance and Segment Growth

Revenue growth was supported by significant progress in the ethnic wear segment, which contributed ₹2,227 crore, marking a 14% year-on-year increase. This segment demonstrated improved operational efficiency, with EBITDA margins expanding by 560 basis points to 10.8%. The ethnic wear portfolio now comprises over 680 stores, having added more than 80 new locations during the year.

The digital-first platform TMRW delivered robust performance with 34% revenue growth. Expanding beyond a purely online model, TMRW added over 60 stores, bringing its offline network to 120 stores. E-commerce across the entire company grew by over 20%, now contributing approximately 16% of total revenue.

Retail Expansion and Brand Initiatives

Physical retail presence expanded significantly with the addition of more than 180 stores and nearly 0.6 million square feet of net retail space. The total network now stands at 1,273 stores across nearly 7.9 million square feet.

Pantaloons continued its strategic transformation with a focus on fashion freshness and premiumisation. The brand operates nearly 400 stores, many renovated to reflect a new retail identity, supported by the appointment of its first celebrity brand ambassador. OWND, the value fashion format, added 34 stores, reaching a network of 79 locations.

Luxury and Sustainability Milestones

The luxury retail portfolio gained momentum with the launch of Galeries Lafayette in Mumbai, introducing the iconic French department store format to India for the first time. The Collective and Mono Brands portfolio operates more than 50 stores alongside a strong e-commerce presence.

On sustainability, ABFRL ranked No. 1 in India and No. 4 globally in the Retail sector in the S&P Global Corporate Sustainability Assessment for FY26, scoring 84. The company unveiled Sustainability ReEarth 3.0, focusing on five pillars including Net Zero & Decarbonisation. CSR initiatives impacted more than 1.32 lakh beneficiaries during the year.

What the Numbers Show

The divergence between top-line growth and margin expansion in the ethnic wear segment highlights operational leverage. While overall company revenue grew 11%, the ethnic wear segment achieved higher revenue growth of 14% alongside a substantial 560 bps margin expansion to 10.8%. This suggests that scale benefits and disciplined execution in this core segment are outpacing general inflationary or cost pressures, improving the quality of earnings within the portfolio.