Investor Presentation

FASHION & RETAIL November 5, 2026 BSE Limited National Stock Exchange of India Limited Scrip code: 535755 Symbol: ABFRL Sub.: Investor Presentation on Unaudited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Ref.: 1. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and 2. Our intimation dated October 30, 2026 Dear Sir/ Madam, With reference to the captioned subject, kindly note that the Board of Directors of the Company at its meeting held today i.e., Thursday, November 5, 2026, have inter alia considered and approved Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended September 30, 2026. Enclosed herewith is the investor presentation in this regard. The above is being made available on the website of the Company i.e., www.abfrl.com. Thanking you, Sincerely, For Aditya Birla Fashion and Retail Limited Rajeev Agrawal Company Secretary & Compliance Officer ACS 18877 Encl.: As above ADITYA BIRLA FASHION AND RETAIL LIMITED Registered Office: Piramal Agastya Corporate Park, Building ‘A’, CIN: L18101MH2007PLC233901 Website: www.abfrl.com 4th and 5th Floor, Unit No. 401, 403, 501, 502, Tel.: +91 86529 05000 E-mail: secretarial@abfrl.adityabirla.com L.B.S. Road, Kurla, Mumbai - 400 070 Fax: +91 86529 05400 FASHION & RETAIL F Y 2 7 PE RFORMANCE HIG HL IG HT S CONTENTS Market Update Q2 Highlights 02 Performance of Key Portfolios Financials 04 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L Market Update Overall consumer demand Festive shift shapes Q2 in line with previous performance quarters • Late festive impacted YoY growth • Consumption trends remained in Q2 steady, with stronger traction in • E-com ‘sale events’ also pushed lower tier and rural markets forward in line with festive • Retail expansion continued by value • Subdued wedding calendar retail formats, mostly in lower tier softened occasion-led purchases markets Evolving cost landscape Festive begins on a strong footing • Input and logistics costs rise amidst supply constraints and commodity • Early signs across key regional price volatility markets point to a robust start to the festive season • Rental and manpower costs face structural pressures • Encouraging trends noted during Onam and Pujo Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key Portfolios Financials 04 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL Network Retail format stores; 4 Brand Stores FO O T P RI N T 25 2 18 13 477 657 74 SEPTEMBER ‘26 3 24 1 20 2 Masstige & Value Ethnic Brand 7.8 million sq. ft. 15 12 6 44 1 23 11 17 1 • 11 2 1 Retail Stores Stores* 1268 2 1 stores 27 13 31 15 2 65 14 7 50 13 9 84 50 i 7.5 34 million sq. ft. 1190 101 18 stores 3 TMRW Brand Luxury Stores** Retail Stores SEPTEMBER ‘25 4 *Includes 11international stores **ExcludingWROGNstores Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L Q2 HIGHLIGHTS YoY Sales & EBITDA growth Newer businesses sustain colored by festive shift growth momentum • Effect more pronounced in • Ethnic portfolio up 12% vs LY (ex. established businesses, especially TCNS) despite subdued wedding Pantaloons & ethnic brands calendar & festive shift • Negative operating leverage • Luxury grew 11% vs LY moderated EBITDA • TMRW rose 10% vs LY with narrowing losses • OWND scaled 58% YoY Festive momentum built via Expansion in line with impactful campaigns strategic priorities • Occasion-led storytelling amplified • 35 gross addition across brands across social media, digital platforms • Expansion led by TMRW and in-store activations brands, TCNS and the masstige • Regionally tailored campaigns driving & value segment consumer engagement • 80+ new stores added in H1 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL HIGHLIGHTS | Q2 ABFRL Consolidated (In Rs. Cr.) Q2 FY26 Q2 FY27 Growth (vs. LY) • Sales up by 2% vs LY • EBITDA margin down vs LY due to Revenue 1982 2030 2% • Festive shift led negative operating leverage EBITDA 116 67 -43% • Scale up of newer businesses – OWND and Galeries Lafayette EBITDA Margin 5.9% 3.3% EBIT -209 -303 -333 -454 -295 -376 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL HIGHLIGHTS | Q2 | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials ( In Rs. Cr.) Q2 FY26 Q2 FY27 FY26 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Pantaloons Segment 1142 1140 0% 157 119 13.7% 10.5% Ethnic Businesses 505 517 2% -1 -17 -0.3% -3.3% TMRW 222 244 10% -62 -41 -27.9% -16.8% Others 143 158 11% 35 12 24.7% 7.6% Elimination -30 -29 -12 -7 ABFRL 1982 2030 2% 116 67 5.9% 3.3% • ABFRL recorded 2% YoY growth • Growth in Pantaloons segment, adjusted for festive impact and store closures would have been ~10% YoY • Ethnic portfolio grew 12% vs LY (ex. TCNS); EBITDA moderated due to festive shift and brand investments in designer brands • TMRW delivered 10% YoY growth with continued reduction in losses • Luxury grew 11% YoY, supported by ongoing scale-up of Galeries Lafayette • Others’ profitability reflects the scale-up of Galeries Lafayette and lower treasury income Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL HIGHLIGHTS | H1 ABFRL Consolidated (In Rs. Cr.) H1 FY26 H1 FY27 Growth (vs. LY) Revenue 3813 4056 6% EBITDA 286 233 -18% EBITDA Margin 7.5% 5.7% EBIT -355 -486 -593 -775 -529 -625 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL HIGHLIGHTS | H1 | Segmental Revenue Rev Gr% EBITDA EBITDA% Consolidated Financials ( In Rs. Cr.) H1 FY26 H1 FY27 FY26 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Pantaloons Segment 2236 2344 5% 344 311 15.4% 13.3% Ethnic Businesses 941 970 3% 0 -17 0.0% -1.7% TMRW 419 464 11% -125 -83 -29.7% -17.9% Others 264 316 20% 91 28 34.3% 8.9% Elimination -47 -38 -25 -6 ABFRL 3813 4056 6% 286 233 7.5% 5.7% • ABFRL delivered 6% YoY growth • On a festive-adjusted basis, Pantaloons segment H1 growth would have been ~10% YoY • Ethnic portfolio grew 3% YoY; Ex. TCNS growth stood at 13% • TMRW sustained double digit growth alongside significant reduction in losses • Luxury grew 20% YoY, led by ramp up of Galeries Lafayette and robust growth in The Collective & Mono brands business • Others’ profitability reflected lower treasury income and strategic investments towards scaling Galeries Lafayette Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L CONTENTS Market Update 01 Q2 Highlights 02 Performance of Key Portfolios Financials 04 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L ABFRL Portfolio M A S S T I G E / V A L U E R E T A I L E T H N I C B R A N D S L U X U R Y R E T A I L D I G I T A L F I R S T B R A N D S Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L Q2 FY27 Update Segmentrevenue at Rs. 1140Cr Pantaloons format continues to build on underlying business momentum • Adjusted for festive shift and store closures, growth would have been ~6% YoY • Shift of Pujo to Q3 impacted primarily East & overall performance • Format Q2 LTL at -7% but Non-east markets delivered +2% LTL growth Reimagining Pantaloons as young & fashion-forward • Elevating Pantaloons’ social media presence through trend-led, editorial storytelling • E-com grew 19% YoY this Q2, with mix at ~4% Driving festive momentum through high-impact GTMs • 360° activations driving green shoots across regional festivities - Onam and Pujo Sharpening distribution for quality growth • Quarter saw 4 new store additions and 16 store closures OWND continued to elevate product & consumer experience • OWND grew 58% vs LY this quarter and is now available at 90 stores PANTALOONS AREA (000’s SQ. FT.) STORES RETAIL Sep 2026 5,677 387 NETWORK Sep 2025 5,745 403 Q 2 F Y 2 7 A D I T Y A B I R L A F A S H I O N & R E T A I L Update C A T E G O R [Showing first 8,000 characters — download PDF for full document]