Aditya Birla Lifestyle Brands Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Aditya Birla Lifestyle Brands Ltd trades at ₹94.9, in a downtrend and 51 weeks into that stage. That is −15.7% against its own 200-day average. It sits at 5% of a 52-week range of ₹92 to ₹145. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).

Today the stock is in a downtrend — week 51 of stage 4, confirmed. At ₹94.9 it trades −15.7% versus its 200-day average and sits at 5% of its 52-week range (₹92–₹145).

Against the market, two honest reads. Cumulative: over the last 1.1 years the stock moved −41% while the NIFTY 500 moved −1% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2026-05-15) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 5th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Aditya Birla Lifestyle Brands Ltd trades at 54.9× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 57.6×, measured across 0.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 54.9× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 57.6× measured over 0.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Aditya Birla Lifestyle Brands Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 5 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

49.3/100 — rank 16 of 26 in Textiles - Readymade Apparel · 74% evidence confidence

Aditya Birla Lifestyle Brands Ltd scores 49.3 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 18.7 + 11 + 11.4 + 8.2 = 49.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Aditya Birla Lifestyle Brands Ltd reported ₹2,174 Cr of revenue in the Mar 26 quarter, +11.9% year on year. That is the 4th straight quarter of year-on-year growth. Over 1 years it has compounded at 7.2% a year. The last full year, FY26, came in at ₹8,396 Cr. The last four reported quarters add to ₹8,396 Cr.

Aditya Birla Lifestyle Brands Ltd reported ₹2,174 Cr of revenue in the Mar 26 quarter, +11.9% year on year. That is the 4th straight quarter of year-on-year growth. Over 1 years it has compounded at 7.2% a year. The last full year, FY26, came in at ₹8,396 Cr. The last four reported quarters add to ₹8,396 Cr.

FY26 revenue came in at ₹8,396 Cr (+7.2% on the year), capping 1 years at 7.2% compound. The latest quarter (Mar 26) printed ₹2,174 Cr, +11.9% year on year — the 4th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +7.1% growth against the decade's 7.2% — the current year is running in line with its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (+0.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Aditya Birla Lifestyle Brands Ltd's operating margin is 16.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago.

Aditya Birla Lifestyle Brands Ltd's operating margin is 16.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago.

The latest quarter's operating margin is 16.0%, +0.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 16.0%–16.0%.

Why the margin moved: operating margin went +0.3 pp year on year while gross margin went +0.9 pp — the gain came mostly from the gross line: input costs and pricing.

→ Margins held — did that reach the bottom line? Next: profit +44.7% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Aditya Birla Lifestyle Brands Ltd earned ₹55.0 Cr of net profit in the Mar 26 quarter, +44.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹171 Cr. The 1-year compound rate is 185.0%. That is 2.5% of the quarter's revenue. The same quarter a year earlier earned ₹38.0 Cr.

Aditya Birla Lifestyle Brands Ltd earned ₹55.0 Cr of net profit in the Mar 26 quarter, +44.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹171 Cr. The 1-year compound rate is 185.0%. That is 2.5% of the quarter's revenue. The same quarter a year earlier earned ₹38.0 Cr.

Mar 26 profit was ₹55.0 Cr, +44.7% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹171 Cr (+185.0%), and the 1-year compound rate is 185.0%.

Why profit moved: revenue contributed +11.9% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +21.3% vs revenue +7.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 1,023% of the last 2 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years 1,023% of Aditya Birla Lifestyle Brands Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,219 Cr of operating cash against ₹171 Cr of profit. After ₹1,157 Cr of capital spending, ₹62.0 Cr was left as free cash.

FY26: operating cash of ₹1,219 Cr against reported profit of ₹171 Cr, leaving free cash of ₹62.0 Cr after ₹1,157 Cr of capital spending. Across the last 2 fiscal years the conversion rate is 1,023% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 1,023%: the cash cycle held roughly steady between FY25 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 63-day cycle and ₹1,157 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Aditya Birla Lifestyle Brands Ltd's cash conversion cycle runs 63 days in FY26, up from 60 days in FY25. Capital spending ran ₹1,157 Cr over the last 1 years. At FY26 sales of ₹8,396 Cr each day of that cycle holds about ₹23.0 Cr, so roughly ₹1,449 Cr sits inside the business at any moment.

FY26: debtors at 57 days, inventory at 252 days — roughly 8.3 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 63 days, looser than FY25's 60.

The full loop: cash goes out to suppliers and production on day 0; stock waits 252 days to sell; customers pay about 57 days after that; and suppliers themselves are paid at 246 days — netting out to the 63-day cycle.

In money terms: at FY26 sales of ₹8,396 Cr, each day of the cycle holds about ₹23.0 Cr — so the 63-day loop keeps roughly ₹1,449 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹1,157 Cr over the last 1 fiscal years against ₹795 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹46.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 15% and the ROIC − WACC spread is −2.4 pp.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Aditya Birla Lifestyle Brands Ltd earns a ROCE of 15% in FY26. Return on invested capital clears the cost of that capital by −2.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 2.0% net margin on 0.96× asset turns.

FY26 ROCE is 15%.

🚨 Why the return is what it is — the wiring (FY26): 2.0% net margin × 0.96× asset turns × 6.17× balance-sheet leverage ≈ 11.8% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 9.6% − 12.0% = a −2.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 2.14.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Aditya Birla Lifestyle Brands Ltd carries total debt of ₹3,018 Cr against shareholder equity of ₹1,412 Cr as of Mar 26, a debt-to-equity of 2.14. On the annual view that ratio went from 2.30 in FY25 to 2.14 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹3,018 Cr against shareholder equity of ₹1,412 Cr — a debt-to-equity of 2.14. On the annual view, debt-to-equity went from 2.30 (FY25) to 2.14 (FY26). Read the returns on this page with that leverage in mind.

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 9.9 points over 4 quarters.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 9.9 points of Aditya Birla Lifestyle Brands Ltd over 4 quarters, the biggest move on the register. That takes foreign institutions to 12.7% of the company. Domestic institutions moved +9.8 points over the same window, to 20.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −9.9 points over 4 quarters to 12.7%; Domestic institutions: +9.8 points over 4 quarters to 20.8%; Promoters: +0.0 points over 4 quarters to 46.6%.

Why the register moved: rotation — foreign institutions −9.9 points against domestic institutions +9.8 points over 4 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Aditya Birla Lifestyle Brands Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions