Aditya Birla Lifestyle Brands Q4 FY26: Revenue Up 12%, Normalized PAT Surges 58%, Dividend Declared
Aditya Birla Lifestyle Brands reported Q4 FY26 consolidated revenue of Rs. 2174 Cr (up 12% YoY), EBITDA of Rs. 375 Cr (up 14%), and normalized PAT of Rs. 60 Cr (up 58% YoY). On a standalone basis, Q4 revenue stood at 21.5B rupees versus 19.4B rupees YoY, while standalone Q4 net profit came in at 243M rupees compared to 426M rupees in the prior year period. FY26 full-year consolidated revenue grew 7% to Rs. 8396 Cr with normalized PAT surging 61%, supported by 300+ gross store additions and a dividend of ₹0.50 per share recommended by the Board.

*this image is generated using AI for illustrative purposes only.
Aditya Birla Lifestyle Brands Limited released its press release and investor presentation for Q4 FY26 following the Board of Directors meeting held on Thursday, May 7, 2026, wherein the Board considered and approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The filings were made under Regulation 30, 33, and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and signed by Rameez Shaikh, Company Secretary & Compliance Officer. The Board also recommended a dividend of ₹0.50 (Fifty paisa only) per equity share of face value of ₹10/- each for the financial year ended March 31, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting. The statutory audit was conducted by Price Waterhouse & Co Chartered Accountants LLP, which issued an unmodified opinion on both standalone and consolidated financial results. All materials have been made available on the company's official website at www.ablbl.in .
Q4 FY26 Financial Highlights
Aditya Birla Lifestyle Brands delivered a second consecutive quarter of double-digit growth in Q4 FY26, driven by strong multi-channel performance across its brand portfolio. The company's consolidated financials for Q4 FY26 are summarised below:
| Metric: | Q4 FY25 | Q4 FY26 | Growth (Vs. LY) |
|---|---|---|---|
| Revenue (Rs. Cr.): | 1942 | 2174 | 12% |
| EBITDA (Rs. Cr.): | 330 | 375 | 14% |
| EBITDA Margin: | 17.0% | 17.2% | — |
| EBIT (Rs. Cr.): | 141 | 164 | — |
| PBT Normalized (Rs. Cr.): | 52 | 78 | 50% |
| Exceptional Items (Rs. Cr.): | — | -8 | — |
| PBT Reported (Rs. Cr.): | 52 | 70 | — |
| PAT Reported (Rs. Cr.): | 38 | 55 | 42% |
| PAT Normalized (Rs. Cr.): | 38 | 60 | 58% |
PAT Normalized is calculated before exceptional items and related tax impact. Exceptional item in Q4 FY26 pertains to statutory impact of New Labour Codes towards additional gratuity and compensated absences, classified as past service cost.
Revenue grew 12% YoY, led by strong multi-channel performance. EBITDA expanded 14% YoY, with overall ABLBL margin at 17.2%. Normalized PAT rose 58% versus the prior year, while reported PAT grew 42% YoY. The quarter saw broad-based growth across channels, with approximately 50% of the network omni-enabled. Retail like-for-like (LTL) growth stood at 6% across the large store network, with all emerging brands posting strong double-digit LTL growth. E-commerce and departmental store businesses delivered double-digit YoY growth, supported by channel-specific merchandise and better availability. The company added a net 33 stores during the quarter.
Q4 FY26 Standalone Financial Results
On a standalone basis, the company reported the following key metrics for Q4 FY26:
| Metric: | Q4 FY25 | Q4 FY26 |
|---|---|---|
| Revenue: | 19.4B Rupees | 21.5B Rupees |
| Net Profit: | 426M Rupees | 243M Rupees |
Standalone Q4 revenue rose to 21.5B rupees from 19.4B rupees in the prior year period, while standalone net profit came in at 243M rupees compared to 426M rupees in the same quarter of the previous year.
FY26 Full-Year Financial Performance
For the full financial year, Aditya Birla Lifestyle Brands reported sustained improvement in profitability alongside top-line growth. The consolidated 12-month financials are as follows:
| Metric: | FY25 | FY26 | Growth (Vs. LY) |
|---|---|---|---|
| Revenue (Rs. Cr.): | 7830 | 8396 | 7% |
| EBITDA (Rs. Cr.): | 1269 | 1429 | 13% |
| EBITDA Margin: | 16.2% | 17.0% | — |
| EBIT (Rs. Cr.): | 564 | 634 | — |
| PBT Normalized (Rs. Cr.): | 182 | 269 | 48% |
| Exceptional Items (Rs. Cr.): | -98 | -49 | — |
| PBT Reported (Rs. Cr.): | 83 | 220 | — |
| PAT Reported (Rs. Cr.): | 60 | 171 | — |
| PAT Normalized (Rs. Cr.): | 130 | 209 | 61% |
FY26 revenue rose 7% YoY to Rs. 8396 Cr, while EBITDA grew 13% to Rs. 1429 Cr with margin expanding approximately 80 bps to 17.0%. Normalized PAT surged 61% versus the prior year. The company completed 300+ gross store additions in FY26 and achieved a retail LTL growth of 9% for the full year, which the company noted as amongst the highest industry L2L growth. The demerger and GST transition were completed with limited operational impact.
Standalone Annual Financial Results
The audited standalone financial results for the year ended March 31, 2026, as approved by the Board, reflect the following key metrics:
| Metric: | Year Ended Mar 31, 2026 (Rs. Cr.) | Year Ended Mar 31, 2025 (Rs. Cr.) |
|---|---|---|
| Revenue from Operations: | 8,373.14 | 7,829.73 |
| Total Income: | 8,457.18 | 7,907.00 |
| Profit Before Exceptional Items & Tax: | 228.43 | 189.52 |
| Exceptional Items: | (48.97) | (98.33) |
| Profit Before Tax: | 179.46 | 91.19 |
| Net Profit After Tax: | 134.60 | 69.00 |
| Basic EPS (₹): | 1.11 | 0.57 |
| Diluted EPS (₹): | 1.11 | 0.57 |
On a standalone basis, the company reported net profit after tax of Rs. 134.60 Cr for the year ended March 31, 2026, compared to Rs. 69.00 Cr in the prior year. The exceptional item of Rs. 48.97 Cr for the year pertains to past service cost on gratuity and compensated absences arising from the Government of India's notification of the New Labour Codes on November 21, 2025, consolidating 29 existing labour laws. The standalone net worth stood at Rs. 1,393.11 Cr as at March 31, 2026, compared to Rs. 1,293.90 Cr in the prior year.
Segmental Performance
Q4 FY26 Segment-wise Results
| Segment: | Revenue Q4 FY25 (Rs. Cr.) | Revenue Q4 FY26 (Rs. Cr.) | Growth | EBITDA Q4 FY25 (Rs. Cr.) | EBITDA Q4 FY26 (Rs. Cr.) | EBITDA% Q4 FY25 | EBITDA% Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Lifestyle Brands: | 1644 | 1829 | 11% | 334 | 366 | 20.3% | 20.0% |
| Emerging Business: | 303 | 356 | 18% | 0 | 15 | 0.0% | 4.2% |
| ABLBL Consolidated: | 1942 | 2174 | 12% | 330 | 375 | 17.0% | 17.2% |
Lifestyle Brands delivered broad-based channel performance, growing 11% YoY with EBITDA margin at 20.0% and retail LTL at 4%. Digitally driven marketing and go-to-market execution remained central through the year, complemented by the renovation of 175+ lifestyle brand stores in FY26, enhancing in-store experience and driving stronger engagement and conversion. Product assortments were refreshed with a higher mix of natural, breathable blends, alongside trend-led trims and craft-inspired detailing. Emerging Business revenue rose 18% YoY, with Q4 retail LTL at 16% and significant margin expansion of 420 bps. These brands are now present across 390+ stores, with 15+ new stores added during the quarter.
FY26 Segment-wise Results
| Segment: | Revenue FY25 (Rs. Cr.) | Revenue FY26 (Rs. Cr.) | Growth | EBITDA FY25 (Rs. Cr.) | EBITDA FY26 (Rs. Cr.) | EBITDA% FY25 | EBITDA% FY26 |
|---|---|---|---|---|---|---|---|
| Lifestyle Brands: | 6599 | 7154 | 8% | 1282 | 1401 | 19.4% | 19.6% |
| Emerging Business: | 1255 | 1282 | 2% | 2 | 50 | 0.2% | 3.9% |
| ABLBL Consolidated: | 7830 | 8396 | 7% | 1269 | 1429 | 16.2% | 17.0% |
For the full year, Lifestyle Brands revenue grew 8% YoY to Rs. 7154 Cr with EBITDA margin at 19.6% and retail LTL at 8%. Emerging Business drove profitable growth, with retail LTL at 13% and margin expansion of 370 bps, supported by the closure of Forever21 and improved profitability across other brands.
Key Portfolio Updates
Lifestyle Brands — Channel-wise Revenue
The Lifestyle Brands segment, comprising Louis Philippe, Van Heusen, Allen Solly, Peter England, and Simon Carter London, reported the following channel-wise revenue performance:
| Channel: | Q4 FY25 (Rs. Cr.) | Q4 FY26 (Rs. Cr.) | vs. LY | FY25 (Rs. Cr.) | FY26 (Rs. Cr.) | vs. LY |
|---|---|---|---|---|---|---|
| Retail: | 1091 | 1165 | 7% | 4287 | 4627 | 8% |
| Wholesale: | 373 | 405 | 8% | 1350 | 1466 | 9% |
| E-commerce: | 104 | 131 | 26% | 717 | 733 | 2% |
| Others: | 76 | 128 | 67% | 246 | 329 | 34% |
The segment completed 230+ gross store additions in FY26, with Allen Solly adding 75+ new store openings (NSOs) and 45 renovations, Louis Philippe adding 55+ NSOs and 45+ renovations, Peter England adding 50 NSOs and 35+ renovations, and Van Heusen adding 55+ NSOs and 45+ renovations.
Emerging Business Highlights
The Emerging Business segment, comprising Reebok, VH Innerwear, and American Eagle, continued its growth trajectory. Reebok recorded approximately 30% YoY growth in Q4, with double-digit retail LTL for both the quarter and the full year. Reebok is now available at 210+ stores, with 50+ gross additions in FY26. Olympic gold medalist Manu Bhaker was onboarded as Reebok's new brand ambassador. VH Innerwear recorded its 5th consecutive quarter of double-digit retail LTL, with 30% LTL in FY26, and is present across approximately 38,000 trade outlets and 100+ exclusive stores, adding approximately 1,500 counters in FY26. American Eagle continued to grow profitably, with presence across 70+ stores and 270+ shop-in-shops.
Balance Sheet Summary
The company's consolidated balance sheet as of March 2026 reflects the following position:
| Parameter: | Mar-25 (Rs. Cr.) | Mar-26 (Rs. Cr.) |
|---|---|---|
| Net Worth: | 1277 | 1412 |
| Net Debt: | 781 | 726 |
| Lease Liability: | 1980 | 2184 |
| Capital Employed: | 4038 | 4322 |
| Net Block (incl. CWIP): | 1141 | 1252 |
| Goodwill: | 628 | 628 |
| Right to Use Assets: | 1524 | 1775 |
| Deferred Tax Assets: | 130 | 103 |
| Net Working Capital: | 615 | 565 |
Net debt reduced from Rs. 781 Cr to Rs. 726 Cr, while net worth improved from Rs. 1277 Cr to Rs. 1412 Cr. The ABLBL network as of March 2026 comprised 3,348 brand stores, presence across approximately 800 cities and towns, 560+ small town stores, and a retail footprint of 4.9 million sq. ft. As of March 31, 2026, the company also operates across 39,500+ multi-brand outlets and over 6,500 shop-in-shops in department stores across the country.
Source: Company/INE14LE01019/a6a5e2a0101a4d1a.pdf
Historical Stock Returns for Aditya Birla Lifestyle Brands
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.51% | +10.97% | +16.44% | -12.56% | -28.11% | -28.11% |
How will the full implementation of India's New Labour Codes impact ABLBL's operating cost structure and EBITDA margins beyond FY26?
Given Reebok's 30% YoY growth and Manu Bhaker's onboarding as brand ambassador, what is the realistic timeline for the Emerging Business segment to reach EBITDA margins comparable to the Lifestyle Brands segment's ~20%?
With e-commerce contributing only 2% YoY growth for Lifestyle Brands in FY26 despite 26% Q4 growth, what strategic investments is ABLBL planning to sustain digital channel momentum and close the gap with pure-play online competitors?


































