Aditya Birla Fashion and Retail Ltd (ABFRL) reported a widening of its consolidated net loss to Rs. 137.3 crore (US $ 15.13 million) for the December quarter of FY ’26, primarily due to the impact of the new Labour Codes.
The company had recorded a consolidated net loss after tax from continuing operations of Rs. 102.68 crore (US $ 11.31 million) in the corresponding quarter of the previous financial year, according to a regulatory filing.
Revenue from operations during the third quarter rose to Rs. 2,373.66 crore (US $ 261 million), compared with Rs. 2,200.52 crore (US $ 242 million) in the year-ago period.
Total expenses for the quarter increased to Rs. 2,546.91 crore (US $ 281 million) from Rs. 2,345.93 crore (US $ 258 million) a year earlier. The company stated that this included an exceptional charge of Rs. 28.48 crore (US $ 3.14 million) provided for the impact of the new Labour Codes.
In an investor presentation, ABFRL indicated that the demand environment remained soft, with consumer footfalls weaker than expected during the quarter. It added that overall growth moderated due to pressures in the masstige and value segments.
Despite these challenges, the company said that the quarter was marked by a shift in the festive season, and that the portfolio delivered a healthy performance. It noted that newer businesses continued to maintain strong momentum, broadly in line with trends observed over the past few quarters.
