GST transition impact on consumer demand
Price increases on products above ₹2,625 (from 5% to 18% GST) may dampen consumer demand, especially in wedding and formal wear segments.
ABLBL / Q2-FY26 / risks
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Aditya Birla Lifestyle Brands · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Forever 21 phase-out drag on emerging business
The closure of Forever 21 continues to impact reported revenue growth for the emerging business segment, though the effect diminishes from Q3.
Soft consumer environment and weak festive demand
Management noted that Diwali was 'okay' and overall consumption has not yet shown a visible uptick despite government measures.
Innerware segment profitability challenges
The innerware business remains loss-making despite strong retail LFL, with management prioritizing growth over near-term profitability.