ABFRL reported Q1FY27 revenue of INR2,026 Cr (+11% YoY) with an 8.2% EBITDA margin.

Net loss stood at INR249 Cr, primarily due to depreciation and finance costs from new store openings and continued investments in growth platforms.

Established businesses delivered high-single-digit growth, while newer ventures like TMRW and OWND grew ~30%. Management is focused on scaling new businesses responsibly, with TMRW showing narrowing losses.

The company aims for full profitability by FY29-30, emphasizing efficiency and disciplined capital allocation.

Standalone cash remains strong at INR1,000 Cr.

Expect H2 margins to see some impact from ~4% inflation, with partial pass-through of costs.