Aditya Birla Fashion and Retail Limited (ABFRL) is a prominent entity in the Indian fashion and lifestyle sector, operating under the Aditya Birla Group, a conglomerate known for its diverse business interests. As of March 31, 2024, ABFRL reported impressive revenues of approximately US$ 1.7 billion, reflecting its strong market position and growth trajectory. The company boasts a substantial retail footprint, encompassing 11.9 million square feet of retail space across the country. ABFRL manages a diverse portfolio of well-established and trusted brands, including Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons, many of which have been staples in the Indian market for over 25 years. Additionally, ABFRL has secured long-term exclusive partnerships with prestigious international brands such as Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle, Reebok, and Galeries Lafayette, catering to a growing demand for global fashion trends among Indian consumers.
In recent years, ABFRL has recognized the rising popularity of ethnic wear and ventured into this segment with brands like Jaypore, Tasva, and Marigold Lane. The company has also partnered with renowned Indian designers, including Shantnu & Nikhil, Tarun Tahiliani, Sabyasachi, and House of Masaba, to infuse contemporary designs into traditional attire. Furthermore, ABFRL is actively pursuing innovative avenues through its technology-led venture, House of D2C Brands, branded as TMRW, focusing on building a portfolio of digital-first brands. As of March 31, 2024, ABFRL boasts a robust store network comprising 4,664 brand stores throughout India, with a significant presence in 37,205 multi-brand outlets and 9,563 shop-in-shop locations, ensuring widespread accessibility to its diverse product range. These strategic initiatives underscore ABFRL’s commitment to growth and adaptability in an ever-evolving fashion landscape.
Latest News on Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited (ABFRL) has recently increased its investment in Wrogn, a trendy men’s wear brand endorsed by cricketer Virat Kohli, through its wholly-owned subsidiary, Aditya Birla Digital Fashion Ventures Ltd. The company has invested an additional ₹75 crore, raising its stake in Wrogn from 17.10% to 32.84% on a fully diluted basis. This move underscores ABFRL’s strategy to enhance its portfolio of digital-first brands and tap into the growing market for casual and athleisure wear in India. By strengthening its partnership with Wrogn, ABFRL aims to capitalize on Kohli’s strong brand presence and Wrogn’s popularity, reinforcing its competitive position in the fashion industry.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 55.45% | 55.45% | 51.85% | 51.97% | 49.25% |
| FIIs + | 14.03% | 14.15% | 19.50% | 19.99% | 19.68% |
| DIIs + | 17.01% | 17.00% | 14.84% | 14.45% | 14.76% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 13.01% | 12.91% | 13.35% | 13.12% | 15.89% |
| Others + | 0.50% | 0.50% | 0.46% | 0.45% | 0.42% |
| No. of Shareholders | 2,99,083 | 2,89,693 | 3,12,400 | 3,00,868 | 3,00,270 |
The shareholding patterns of Aditya Birla Fashion and Retail Limited (ABFRL) have shown notable changes over the past year, indicating shifts in investor dynamics. As of September 2023, promoters held a substantial stake of 55.45%, but this decreased to 49.25% by September 2024, suggesting a strategic dilution of equity to enhance liquidity or attract new investments. Conversely, Foreign Institutional Investors (FIIs) increased their holdings from 14.03% to 19.68%, reflecting growing confidence in ABFRL’s growth potential in the fashion retail market. Meanwhile, Domestic Institutional Investors (DIIs) saw a slight decline from 17.01% to 14.76%, possibly indicating a shift in focus toward other opportunities. Public shareholding rose significantly from 13.01% to 15.89%, suggesting a growing appetite among retail investors for ABFRL shares. The number of shareholders also fluctuated, starting at 299,083 in September 2023 and slightly decreasing to 300,270 by September 2024, which may indicate consolidation among existing investors. This evolving shareholding structure illustrates a blend of strategic shifts by promoters, increasing institutional interest, and enhanced retail participation, positioning ABFRL favorably within the competitive fashion landscape.
Below are the trading platforms that you can use to purchase Aditya Birla Fashion and Retail Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 344.45 | 299.53 |
| December 2024 | 347.90 | 302.52 |
As we approach November 2024, the maximum price of Aditya Birla Fashion & Retail is expected to reach ₹344.45, while the minimum price is projected at ₹299.53. In December 2024, the maximum price for Aditya Birla Fashion & Retail is anticipated to be ₹347.90, with a minimum price expected to be ₹302.52.
| When | Maximum Price | Minimum Price |
| January 2025 | 351.38 | 270.29 |
| February 2025 | 354.93 | 273.02 |
| March 2025 | 362.38 | 278.75 |
| April 2025 | 358.79 | 275.99 |
| May 2025 | 348.34 | 267.96 |
| June 2025 | 364.02 | 280.01 |
| July 2025 | 356.88 | 274.52 |
| August 2025 | 367.92 | 283.01 |
| September 2025 | 372.33 | 286.41 |
| October 2025 | 382.01 | 293.86 |
| November 2025 | 391.56 | 301.20 |
| December 2025 | 409.18 | 314.76 |
As we step into January 2025, Aditya Birla Fashion & Retail’s maximum price is expected to be ₹351.38, with a minimum of ₹270.29. In February, this is projected to rise to a maximum of ₹354.93 and a minimum of ₹273.02. March will see projections of ₹362.38 for the maximum and ₹278.75 for the minimum. By April, the maximum is expected to be ₹358.79, with a minimum of ₹275.99. In May, prices are anticipated to range from a maximum of ₹348.34 to a minimum of ₹267.96. June’s figures are likely to show a maximum of ₹364.02 and a minimum of ₹280.01, while July is projected to see a maximum of ₹356.88 and a minimum of ₹274.52. In August, the maximum is expected to reach ₹367.92, with a minimum of ₹283.01. September is forecasted at a maximum of ₹372.33 and a minimum of ₹286.41, followed by October’s projections of ₹382.01 as the maximum and ₹293.86 as the minimum. In November, the maximum is anticipated at ₹391.56 and a minimum of ₹301.20. Finally, as we step into December 2025, the maximum price is projected to reach ₹409.18, with a minimum of ₹314.76.
| When | Maximum Price | Minimum Price |
| January 2026 | 421.46 | 324.20 |
| February 2026 | 410.92 | 316.09 |
| March 2026 | 419.14 | 322.42 |
| April 2026 | 427.70 | 329.00 |
| May 2026 | 423.46 | 325.74 |
| June 2026 | 434.05 | 333.88 |
| July 2026 | 425.54 | 327.34 |
| August 2026 | 438.70 | 337.46 |
| September 2026 | 447.47 | 344.21 |
| October 2026 | 459.11 | 353.16 |
| November 2026 | 470.58 | 361.99 |
| December 2026 | 482.35 | 371.04 |
| When | Maximum Price | Minimum Price |
| January 2027 | 487.17 | 374.75 |
| February 2027 | 499.66 | 384.36 |
| March 2027 | 519.15 | 399.35 |
| April 2027 | 508.97 | 391.52 |
| May 2027 | 494.15 | 380.11 |
| June 2027 | 516.38 | 397.22 |
| July 2027 | 506.26 | 389.43 |
| August 2027 | 521.91 | 401.47 |
| September 2027 | 540.18 | 415.52 |
| October 2027 | 554.23 | 426.33 |
| November 2027 | 568.08 | 436.99 |
| December 2027 | 582.28 | 447.91 |
| When | Maximum Price | Minimum Price |
| January 2028 | 593.93 | 456.87 |
| February 2028 | 609.16 | 468.58 |
| March 2028 | 632.92 | 486.86 |
| April 2028 | 620.51 | 477.31 |
| May 2028 | 602.43 | 463.41 |
| June 2028 | 629.54 | 484.26 |
| July 2028 | 617.20 | 474.77 |
| August 2028 | 636.29 | 489.45 |
| September 2028 | 658.56 | 506.58 |
| October 2028 | 675.68 | 519.75 |
| November 2028 | 692.57 | 532.75 |
| December 2028 | 709.89 | 546.07 |
| When | Maximum Price | Minimum Price |
| January 2029 | 724.08 | 556.99 |
| February 2029 | 742.65 | 571.27 |
| March 2029 | 771.61 | 593.55 |
| April 2029 | 756.48 | 581.91 |
| May 2029 | 734.45 | 564.96 |
| June 2029 | 767.50 | 590.38 |
| July 2029 | 752.45 | 578.81 |
| August 2029 | 775.72 | 596.71 |
| September 2029 | 802.87 | 617.59 |
| October 2029 | 823.75 | 633.65 |
| November 2029 | 844.34 | 649.49 |
| December 2029 | 865.45 | 665.73 |
| When | Maximum Price | Minimum Price |
| January 2030 | 882.76 | 679.05 |
| February 2030 | 905.39 | 696.46 |
| March 2030 | 940.70 | 723.62 |
| April 2030 | 922.26 | 709.43 |
| May 2030 | 895.40 | 688.77 |
| June 2030 | 935.69 | 719.76 |
| July 2030 | 917.34 | 705.65 |
| August 2030 | 945.71 | 727.47 |
| September 2030 | 978.81 | 752.93 |
| October 2030 | 1,004.26 | 772.51 |
| November 2030 | 1,029.37 | 791.82 |
| December 2030 | 1,055.10 | 811.62 |
As we move into January 2030, Aditya Birla Fashion & Retail’s maximum price is expected at ₹882.76, with a minimum of ₹679.05. In February, projections indicate ₹905.39 as the maximum and ₹696.46 as the minimum. March is expected to rise to ₹940.70 maximum and ₹723.62 minimum. By April, the maximum is anticipated at ₹922.26, with a minimum of ₹709.43. May is forecasted with a maximum of ₹895.40 and a minimum of ₹688.77. June’s expected maximum is ₹935.69 and minimum is ₹719.76, while July sees projections of ₹917.34 maximum and ₹705.65 minimum. In August, the maximum is expected at ₹945.71, with a minimum of ₹727.47. September’s forecast indicates a maximum of ₹978.81 and a minimum of ₹752.93, followed by October’s anticipated maximum of ₹1,004.26 and minimum of ₹772.51. In November, the maximum price is projected at ₹1,029.37, with a minimum of ₹791.82. Finally, as we step into December 2030, the maximum is expected at ₹1,055.10 and a minimum of ₹811.62.
Financial Condition of Aditya Birla Fashion and Retail Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 8,788 | 5,249 | 8,136 | 12,418 | 13,996 | 14,228 |
| Expenses + | 7,528 | 4,666 | 6,998 | 10,860 | 12,474 | 12,710 |
| Operating Profit | 1,259 | 583 | 1,138 | 1,557 | 1,522 | 1,518 |
| OPM % | 14% | 11% | 14% | 13% | 11% | 11% |
| Other Income + | 63 | 73 | 103 | 123 | 246 | 238 |
| Interest | 469 | 530 | 389 | 536 | 941 | 909 |
| Depreciation | 885 | 963 | 997 | 1,227 | 1,655 | 1,724 |
| Profit before tax | -33 | -838 | -145 | -82 | -829 | -877 |
| Tax % | 402% | -12% | -18% | -28% | -11% | |
| Net Profit + | -165 | -736 | -118 | -59 | -736 | -789 |
| EPS in Rs | -1.89 | -7.93 | -1.16 | -0.38 | -6.19 | -6.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Aditya Birla Fashion & Retail has demonstrated a multifaceted financial performance over the years, reflecting the challenges and recovery dynamics of the retail sector. From March 2020 to the trailing twelve months (TTM) ending March 2024, the company’s sales figures exhibited notable fluctuations. Initially, sales stood at ₹8,788 crores in March 2020, which was a strong position, but the following year, in March 2021, the figure dropped to ₹5,249 crores due to the impacts of the COVID-19 pandemic and its subsequent effects on consumer spending and retail operations.
However, as the market began to recover, Aditya Birla Fashion & Retail rebounded impressively, achieving sales of ₹8,136 crores by March 2022 and continuing this upward trajectory to reach ₹12,418 crores in March 2023. The company’s sales further increased to ₹13,996 crores by March 2024, indicating a robust recovery and growing consumer confidence in their brand offerings. This upward trend underscores the resilience of the company’s portfolio, which includes well-established brands such as Louis Philippe, Van Heusen, and Pantaloons.
Despite the strong revenue growth, the company faced escalating expenses, which rose from ₹7,528 crores in March 2020 to ₹12,474 crores in March 2024. This significant increase in expenses led to an operating profit that, while peaking at ₹1,557 crores in March 2023, subsequently declined to ₹1,522 crores in March 2024. The operating profit margin (OPM) fluctuated during this period, starting at 14% in March 2020, dipping to 11% by March 2024, which indicates the impact of rising operational costs and inflationary pressures on profitability.
Additionally, the company has seen an increase in other income, which rose from ₹63 crores in March 2020 to ₹246 crores in March 2024, showcasing efforts to diversify revenue streams. However, the burden of high interest and depreciation costs has significantly affected the bottom line. For instance, interest expenses rose from ₹469 crores in March 2020 to ₹941 crores in March 2024, while depreciation increased substantially, reflecting ongoing investments in fixed assets and technology.
Ultimately, these factors culminated in persistent net losses for the company. The net profit figures showed a marked decline, going from -₹165 crores in March 2020 to -₹736 crores in March 2024, resulting in an EPS of -₹6.19. Given this challenging financial landscape, Aditya Birla Fashion & Retail has opted not to declare any dividends during this period, choosing instead to focus on stabilizing its financial position and steering through the operational challenges ahead. This strategic approach indicates a commitment to long-term growth and recovery within the highly competitive fashion and retail industry.
FAQS
The projected share price of Aditya Birla Fashion and Retail for 2025 is expected to fluctuate within a range, with a maximum price of ₹409.18 and a minimum price of ₹267.96, according to our forecast.
As per our analysis, Aditya Birla Fashion and Retail share price may not reach ₹1,000 by 2025, however, Aditya Birla Fashion and Retail may reach ₹1,000 somewhere in 2030.
For 2030, Aditya Birla Fashion and Retail is expected to reach a maximum of ₹1,055.10.
Also Read:
- Nippon Life India Asset Management Ltd Share Price Target 2024, 2025 to 2030
- Senco Gold Share Price Target 2024, 2025 to 2030
- ASM TECHNOLOGIES LTD SHARE PRICE TARGET 2024, 2025, 2026 to 2030
Conclusion
In conclusion, Aditya Birla Fashion and Retail Limited (ABFRL) is a key player in the Indian fashion and lifestyle industry, characterized by a diverse portfolio of established brands and strategic international partnerships. As of March 31, 2024, the company reported revenues of approximately US$ 1.7 billion, showcasing strong growth fueled by its expansion into ethnic wear and digital-first brands. The shift in shareholding patterns indicates increasing institutional interest, particularly from Foreign Institutional Investors (FIIs), reflecting growing confidence in the company’s potential. Recently, ABFRL announced a strategic collaboration with global fashion giant Zara to enhance its retail footprint and diversify its offerings further. Additionally, the company has been investing in sustainable practices, focusing on eco-friendly materials and reducing carbon emissions in its supply chain. Looking ahead, ABFRL’s projected share price trajectory suggests significant growth, with expectations for the maximum share price to reach around ₹1,055.10 by December 2030. Overall, ABFRL is well-positioned for continued success and innovation in the competitive fashion landscape.
What did we learn?
- 1 Latest News on Aditya Birla Fashion and Retail Limited
- 2 Shareholdings Patterns of Aditya Birla Fashion & Retail Ltd
- 3 How to Purchase Aditya Birla Fashion and Retail Limited Shares?
- 4 Aditya Birla Fashion and Retail Limited Ltd Share Price Prediction: 2024 to 2030
- 4.1 Aditya Birla Fashion and Retail Limited Share Price Target 2024
- 4.2 Aditya Birla Fashion and Retail Limited Share Price Prediction 2025
- 4.3 Aditya Birla Fashion and Retail Share Price Target 2026
- 4.4 Aditya Birla Fashion and Retail Limited Share Price Prediction 2027
- 4.5 Aditya Birla Fashion and Retail Limited Share Price Target 2028
- 4.6 Aditya Birla Fashion and Retail Share Price Target 2029
- 4.7 Aditya Birla Fashion and Retail Limited Share Price Target 2030
- 5 Financial Condition of Aditya Birla Fashion and Retail Ltd: Last 5 years
- 6 FAQS
- 7 Conclusion
