Wedding calendar shifts and festive seasonality
December demand moderated due to wedding date shifts; festive season partly fell in previous quarter, impacting Q3 growth.
ABLBL / Q3-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
medium
GST rate changes net negative impact
GST cut on apparel below ₹2,500 and increase above ₹2,500 results in a small net negative for the company.
Innerwear business profitability timeline uncertain
Management expects innerwear to become profitable only by FY28, with no specific margin target; losses halved but path to breakeven remains gradual.