Ethnic business to grow ~20% with north of 20% EBITDA margin
Management expects ethnic portfolio to sustain ~20% revenue growth and achieve post-India EBITDA margins above 20% in steady state.
ABFRL / guidance tracker
Keep management guidance in view.
Aditya Birla Fashion and Retail · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
growth
Tasva to break even by FY27 end
Tasva, currently loss-making, is expected to reach breakeven by the end of FY27.
Tomorrow to break even by FY29
Tomorrow portfolio is targeting EBITDA breakeven by FY29, with losses expected to reduce from H2 FY26.
Pantaloons to add 300-500 bps margin improvement
Pantaloons segment has potential to improve EBITDA margins by 300-500 bps from current levels through network optimization and new identity rollout.
Pantaloons segment margin target of 15-17%
Management reiterated the full-year segment margin target of 15-17%, though near-term marketing investments may cause fluctuations.
Own to add 30+ stores in H2 FY26
Own brand plans to add over 30 stores in the second half of the fiscal year, expanding from 59 stores currently.
Tasva to exit FY26 with 100+ stores
Tasva targets to end the fiscal year with more than 100 stores, up from 78 stores at Q2 end.
TCNS to become profitable growth driver by next year
Management expects TCNS to fully turn around by next fiscal year, with only Tasua remaining loss-making.
Pantaloons mid-to-high single-digit L2L growth
Management expects Pantaloons to achieve mid-to-high single-digit like-for-like growth over the next two years.
TCNS to add 50-60 stores next year
TCNS plans to add 50-60 stores in FY27, shifting from consolidation to expansion.
owned to add 40-50 stores next year
owned aims to open 40-50 stores in the coming year, with potential to scale beyond 50.
Tomorrow breakeven by FY29
Tomorrow is expected to break even on a pre-Ind AS basis by FY29.
Pantaloons store expansion of 20-22 stores in FY27
Management guided for 20-22 new Pantaloons stores in FY27, with potential acceleration as confidence builds.
Tomorrow profitability target by FY29
Tomorrow portfolio expected to become profitable by FY29, with adequate cash of ₹800 crore to fund growth.
TCNS breakeven by end of FY27
TCNS expected to break even on cash profit basis by end of FY27, with full-year profitability by FY28.
Capex guidance of ₹250-300 crore for FY27
Consolidated capex for FY27 expected to be ₹250-300 crore, lower than FY26 due to one-off investments.