Brands
Aditya Birla Fashion Q3: revenue up 8 per cent, loss widens to Rs 137 crore
Ebitda rises 13 per cent as store expansion continues
MUMBAI: Aditya Birla Fashion and Retail Limited reported a wider consolidated net loss in the third quarter of FY26, weighed down by the impact of new labour codes, even as revenue and operating performance improved.
Net loss from continuing operations rose to Rs 137 crore in the December quarter, compared with Rs 103 crore a year earlier. Excluding the labour-code impact, the normalised loss stood at Rs 115 crore. Revenue from operations grew 8 per cent year on year to Rs 2,374 crore from Rs 2,201 crore in Q3 FY25.
Ebitda increased 13 per cent to Rs 370 crore, up from Rs 328 crore in the year-ago quarter, reflecting tighter cost control and a stronger mix. Revenue for the nine months ended December rose 10 per cent year on year to Rs 6,187 crore.
The ethnic wear portfolio delivered another strong quarter, growing 20 per cent on year and continuing its run of sustained double-digit expansion. The segment has now crossed an annualised sales scale of over Rs 2,000 crore. Digital-first platform TMRW posted 29 per cent year-on-year growth, while the luxury business grew 27 per cent, aided by the recently opened Galeries Lafayette store.
ABFRL added around 50 gross stores during the quarter, taking its total retail footprint to more than 7.7 million square feet.
Pantaloons reported quarterly sales of Rs 1,276 crore, reflecting the shift of festive demand into Q2 and the deferral of the end-of-season sale into Q4. Adjusted for these calendar effects, like-to-like growth stood at 3 per cent. The format opened six stores and closed three, ending the quarter with 406 outlets.
Ownd delivered a standout performance, posting 54 per cent year-on-year growth and expanding its network to 67 stores. The Collective and Mono Brands business grew 16 per cent, with improving profitability, and now operates 49 stores after adding three during the quarter.
In a regulatory filing, the company said its diversified portfolio across categories and price points provides a strong base for long-term growth. While investments in select businesses will continue, the focus remains on scaling operations, improving efficiency and strengthening profitability.
Brands
Ather Energy doubles service network to 500 centres nationwide
EV maker scales support alongside growth to keep riders on the road
MUMBAI: Ather Energy is quietly building more than just scooters. It is building the backbone to keep them running.
The electric two-wheeler maker has expanded its service network to 500 authorised centres across India, nearly doubling its footprint in a year from 277. The move mirrors its growing retail presence and signals a clear focus on one often overlooked part of EV ownership, what happens after the purchase.
From the outset, Ather has prioritised service support in every city it enters, aiming to make ownership as smooth as the ride itself. Its Gold Service Centres bring in upgraded customer lounges, modern equipment and processes designed to make servicing more transparent and reliable.
Speed, too, is part of the pitch. Through its ExpressCare initiative, riders can get periodic maintenance done in about an hour, now available across 82 centres, turning what used to be a chore into a quick pit stop.
Ather Energy chief business officer Ravneet Singh Phokela said, “Crossing 500 service centres is an important milestone as we scale across the country. Reliable after-sales support is central to the ownership experience, and our focus remains on consistent service quality and accessibility.”
The expansion comes as demand grows for models like the Ather 450 and the Rizta, which have helped the company reach a broader set of riders across metros and emerging cities alike.
Alongside servicing, Ather continues to power up infrastructure through the Ather Grid, now one of the largest fast-charging networks for two-wheelers, with over 4,300 charging points.
With plans to scale further and deepen its presence, Ather’s approach is clear. Selling the scooter may start the journey, but keeping it running smoothly is what sustains it.
