Aditya Birla Lifestyle Brands Limited (ABLBL)
Large CapConsumer stocks · Large cap · NSE
Aditya Birla Lifestyle Brands Limited (ABLBL) operates in the lifestyle and fashion segment, managing a portfolio of brands across various channels including retail, wholesale, and e-commerce, with a focus on both established lifestyle brands and emerging businesses.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Good · 70/100Rev +11% YoY · PAT +21% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,046 Cr | +11.1% | -5.9% |
| EBITDA | ₹308 Cr | +17.1% | -12.5% |
| Operating margin | 15.0% | +100 bps | -100 bps |
| PAT | ₹29 Cr | +20.8% | -47.3% |
| PAT margin | 1.4% | +12 bps | -111 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
ABLBL reported strong Q4 FY26 results with 12% revenue growth and 14% EBITDA growth, driven by double-digit performance in both Lifestyle Brands and Emerging Business segments, alongside significant normalized PAT growth of 58%.
The company demonstrated robust performance in Q4 and FY26, with consistent double-digit revenue and EBITDA growth, strong retail LTL, and significant profitability improvements across segments. Strategic expansion and channel momentum support the underlying thesis.
Lifestyle Brands Revenue by Channel (Q4 FY26)
Latest issuer-disclosed distribution across 4 reported categories.
Multi-channel Performance
Revenue up by 12% led by strong multi-channel performance across brands.
Emerging Business Growth
Emerging business overall revenue up 18% YoY led by strong retail performance.
E-commerce & Wholesale Momentum
Double digit YoY growth across e-com & departmental store business.
Brand Refresh & Presence
Ongoing celebrity and sports led associations reinforcing brand relevance; larger store facades building dominant & impressive brand presence.
Overall Store Expansion
Net addition of 33 stores in Q4; 300+ gross store additions in FY26.
Lifestyle Brands Network
Accelerated network expansion with 230+ gross store additions in FY26.
Reebok Store Additions
50+ gross additions in FY26, now available at 210+ stores.
VH Innerwear Counters
Added ~1500 counters in FY26, present across ~38000 trade outlets and 100+ exclusive stores.
Preference for Versatile Dressing
Growing preference for comfort-led, multi-occasion wear and increasing influence of tech in formal wear.
Tech & AI Adoption
Accelerated adoption of Tech and AI, integrating intelligence across operations and value chain, with hyperlocal fulfilment as a key focus.
Geopolitical Factors
Geopolitical factors at play causing some disruptions towards the end of Q4.
Uneven Wedding Calendar
No wedding dates in Jan, with Feb–Mar dates more clustered vs last year, impacting sales.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The investor presentation consistently compares Q4 FY26 to Q4 FY25 and FY26 to FY25, highlighting year-over-year growth rates for all key financial and operational metrics.
Revenue Growth
ABLBL sales for Q4 up 12% vs LY; FY26 overall sales up 7% vs LY.
EBITDA Growth
EBITDA grew 14% vs LY in Q4; FY26 EBITDA grew 13% vs LY.
EBITDA Margin
Overall ABLBL margin at 17.2% in Q4; FY26 margin at 17.0%, up 80 bps YoY.
Normalized PAT Growth
PAT normalized up 58% vs LY in Q4; FY26 PAT normalized up 61% vs LY.
Aggressive Expansion
Management has 'kick started aggressive expansion engine for medium term'.
Demerger & Transition
Seamless demerger and GST transition with limited operational impact.
VH Innerwear Breakeven
VH Innerwear is 'on path to breakeven'.
Hyperlocal Fulfilment Focus
Hyperlocal fulfilment is a key focus for integrating intelligence across operations.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Retail LTL Growth | 6% (Q4 FY26) | Sustained double-digit LTL growth across segments, especially in small towns and emerging businesses. |
| EBITDA Margin | 17.2% (Q4 FY26) | Continued margin expansion, particularly in the Emerging Business segment. |
| Store Additions | 33 net stores (Q4 FY26), 300+ gross stores (FY26) | Pace of network expansion and utilization of new stores. |
| Emerging Business Profitability | 4.2% EBITDA margin (Q4 FY26) | Path to breakeven for VH Innerwear and overall profitability trajectory of emerging brands. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
34Bearishfull bear SMA stack · SMA20 -8.5% / mo · MACD + · near 52W low
Technical chart
ABLBLdaily · 1Y · AUTO-17.3%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~9.3% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 12.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.1%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 41 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 41 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 9.7%.
- Piotroski is strong at 7/9.
- Growth contributes 17/25 to the score.
Main drags
- Fair-value margin of safety is negative at -69.8%.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Balance sheet is weaker at 1/15; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 64th percentile within Consumer. Main check: balance sheet trust is weak at 40/100.
Healthy Trust Lite: Promoter pledge is zero. Key concern: Debt/equity is 2.14.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Consumer: 64th pctile, median 66 · Large: 35th pctile, median 73
20 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 9.7%.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Debt/equity is 2.14.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 49.20
- P/B
- 7.42
- EV/EBITDA
- 6.10
- Market Cap
- 10505.00Cr
Profitability
- ROE
- 14.90%
- ROCE
- 15.00%
- ROA
- 2.02%
- Dividend Y
- 0.58%
Growth (CAGR)
- Revenue 5Y
- 4.81%
- EPS 5Y
- 71.27%
- Revenue 3Y
- 4.81%
- EPS 3Y
- 71.27%
Balance Sheet
- Debt/Equity
- 2.14
- Interest Coverage
- 3.83×
- Altman Z
- 2.46
- Book Value
- 11.60
Cash Flow
- FCF Yield
- 9.72%
- FCF Positive Y
- 2/5
- OCF
- 1219.00 Cr
- EPS TTM
- 1.45
Shareholding
- Promoter Hold
- 46.60%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Consumer, ranked by similarity
Peers
Business-comparable names in Consumer, ranked by similarity
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.