Brands
Aditya Birla Lifestyle Brands reports strong Q3 revenue and profit
MUMBAI: Aditya Birla Lifestyle Brands Limited (ABLBL) has proven it has the right material for the market, reporting a stylish uptick in its financial performance for the third quarter ended 31 December 2025.
Following a board meeting held on 2 February 2026, the fashion powerhouse revealed a significant boost in both revenue and profit, signaling that its recent transition to a standalone listed entity is paying off. The company’s standalone revenue from operations climbed to Rs 2,341.48 crore for the December quarter, a healthy increase from the Rs 2,130.32 crore reported in the same period the previous year, proving that its portfolio of branded apparel remains firmly in vogue with Indian consumers.
The consolidated bottom line also showed impressive tailoring, with the Group, which includes Aditya Birla Garments Limited and a controlled employee welfare trust, reporting a net profit after tax of Rs 69.01 crore. This performance is particularly noteworthy given the broader economic landscape and reflects a strong recovery from previous restructuring phases. The company’s ability to maintain a steady interest service coverage ratio of 3.61 highlights a comfortable cushion in managing its financial obligations, while the earnings per share for the quarter stood at a solid Rs 0.57 on a consolidated basis.
However, the balance sheet did require a minor technical alteration during this period. The company recorded an exceptional item of approximately Rs 41 crore related to the Government of India’s new Labour Code. This one-time cost, arising from revised definitions of wages impacting gratuity and compensated absences, was a necessary adjustment to align with new statutory requirements. Despite this deduction, the company’s “operating fabric” remained strong, with profit before tax and exceptional items showing a significant jump compared to the preceding quarter, indicating improved operational efficiencies and better margin management.
Looking toward future growth and capital structure, the Board of Directors has approved a fresh infusion of funds through the issuance of Non-Convertible Debentures (NCDs) not exceeding Rs 500 crore via private placement. This move suggests that the company is preparing to weave more expansion plans into its strategy, likely focusing on strengthening its retail footprint and digital presence.
With the demerger from Aditya Birla Fashion and Retail now fully executed and the company finding its footing on the stock exchanges, ABLBL appears well-positioned to maintain its status as a heavyweight in the premium lifestyle segment.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
