ABFRL / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Aditya Birla Fashion and Retail · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Archana Menon · Morgan Stanley

partial

Details on Pantaloons' month-on-month performance and KPI improvements.

our performance for this quarter actually corrected for the shift of festive actually is at about 3%. ... we decided to shift our EOSS versus last year to quarter four. ... women's western wear category, non-apparel category ... growth have been above expectation.

Archana Menon · Morgan Stanley

direct

Growth in average basket size or ticket size due to premiumization.

in terms of our bill value, it has increased a little bit. ... in terms of our average selling price, we've seen about a 2%-3% increase, because of the shift and because of our premiumization.

Archana Menon · Morgan Stanley

direct

Store expansion plans for TCNS next year.

I expect that we'll add between 50-60 stores next year in TCNS, something that we had held back so far.

Gaurav Jogani · JM Financial Limited

partial

Path to margin improvement for Pantaloons given nine-month revenue and margin trends.

Pantaloons margin remains steady. The reduction that you're seeing is combination of two things. One is the shift in revenue... The other reason is, of course, as OWND expanded this year... the OWND losses have brought down the margin by that 100 basis point...

Gaurav Jogani · JM Financial Limited

direct

Store expansion for Pantaloons in FY27-28.

I think about 20 stores is what we would say, we need to build in.

Gaurav Jogani · JM Financial Limited

partial

Margin profile of designer-led vs other ethnic wear and path to profitability.

the designer-led brands are very profitable. ... premium ethnic wear ... consists of primarily two large businesses. One is Tasva ... losses continue to be there ... TCNS, we have made a big shift ... profitability has halved ... very close to breakeven this quarter...

Gaurav Jogani · JM Financial Limited

partial

Impact of Galeries Lafayette on profitability and depreciation.

we would have, you know, invested maybe about INR 25 crore in terms of the event initial launch... On the balance sheet side, we have told you, I think indicated store cost of about 130-odd crores, INR 125 crore-INR 130 crore...

Ankit Kedia · PhillipCapital

direct

Target growth for Pantaloons over next two years.

We are looking for mid- to high-single-digit growth in Pantaloons. ... In terms of L2L and a double-digit growth at an overall level.

Ankit Kedia · PhillipCapital

partial

Revenue contribution of Insignia loyalty program and impact of repositioning.

Our overall Green Card contributes to about 70%+ of our revenues, and Insignia sits on top of that.

Ankit Kedia · PhillipCapital

direct

Two-year target on store opening and profitability for OWND!.

we will be looking at opening about 40-50 stores in the coming year. ... Is it fair to assume we will not be profitable at least till FY 2029? Yes, probably.

Devanshu Bansal · Emkay Global

evasive

Why Pantaloons like-to-like growth is lackluster despite store closures and investments.

the overall environment across the different price segments and consumer segments is somewhat different. ... the performance in this segment has been lower than our premium segment...

Rajiv Bharti · Nuvama

partial

Cash, CapEx, and free cash flow for the quarter and nine months.

we have roughly INR 2,100 crore cash. With ABFRL standalone, we have around INR 1,600 crore rupees cash. ... CapEx across business for nine months is roughly INR 300 crore, including security deposits.