Aditya Birla Fashion and Retail Limited is India’s largest branded apparel company, operating popular fashion brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, Pantaloons, and international labels such as Forever 21, Reebok, and Calvin Klein under license. Headquartered in Mumbai and part of the Aditya Birla Group, ABFRL serves over 100 million customers through 4,000+ stores and e-commerce platforms. In April 2024, the company announced a strategic demerger of its Madura Fashion & Lifestyle business into a separate listed entity—Aditya Birla Lifestyle Brands Ltd. (ABLBL)—to unlock value and sharpen focus. As of January 2026, ABFRL remains unprofitable on a TTM basis but shows improving operational metrics and strong revenue growth. This article provides a data-driven outlook on the ABFRL share price target 2026–2030.
Aditya Birla Fashion and Retail: Company Overview
- Founded: 2015 (via consolidation of Madura + Pantaloons)
- Managing Director: Mr. Ashish Dikshit
- NSE Symbol: ABFRL
- Core Segments:
- Formal & Casual Wear (60%) – Louis Philippe, Van Heusen, Allen Solly
- Value Fashion (25%) – Pantaloons, Peter England
- International Licenses (15%) – Reebok, Forever 21, Calvin Klein
- Market Position: #1 in organized branded apparel in India; operates 4,000+ stores across 800 cities
Post-demerger (effective late 2025), ABFRL will retain Pantaloons and value fashion, while ABLBL holds premium brands. The restructuring aims to improve margins and capital allocation.
ABFRL: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹62.60 |
| Market Capitalization | ₹7,641.71 Cr |
| No. of Shares Outstanding | 122.05 Cr |
| P/E Ratio (TTM) | Not applicable (negative EPS) |
| P/B Ratio | 0.94 |
| EPS (TTM) | –₹1.18 |
| Book Value (TTM) | ₹66.81 |
| ROE | –4.41% |
| ROCE | 0.66% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Cash | ₹733.98 Cr |
| Debt | ₹757.97 Cr |
| Promoter Holding | 46.61% |
| Sales Growth (YoY) | 7.81% |
| Profit Growth (YoY) | 37.53%* |
*Note on “Profit Growth”: Despite reporting 37.53% YoY improvement, ABFRL remains loss-making (Net Loss: ₹144 Cr in FY2025). The “growth” reflects reduced losses—not actual profit.
ABFRL Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹68 – ₹78 |
| 2027 | ₹74 – ₹88 |
| 2028 | ₹80 – ₹100 |
| 2029 | ₹86 – ₹115 |
| 2030 | ₹92 – ₹130 |
Important: These targets assume successful post-demerger execution, EBITDA breakeven by 2027, and no further equity dilution. If integration falters, the stock could stagnate near ₹50–60.
ABFRL Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹68 | ₹78 |
ABFRL reported 7.81% sales growth and narrowing losses in FY2025, driven by strong festive demand and inventory optimization. Trading at a P/B of 0.94x (below book value), the stock offers limited downside. The 2026 target range assumes:
- Smooth separation of ABLBL
- Stable same-store sales growth
- No major working capital crunch
This is a speculative recovery bet, not a fundamental investment.
ABFRL Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹74 | ₹88 |
If ABFRL achieves EBITDA positivity in its core Pantaloons business and benefits from asset-light operations, sentiment may improve. However, no dividends or earnings are expected before 2028. The 2027 target is based on sentiment and survival probability.
ABFRL Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹80 | ₹100 |
By 2028, if the company completes its balance sheet repair and begins generating free cash flow from value fashion, the stock could re-rate modestly. However, dilution risk remains due to past QIPs.
ABFRL Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹86 | ₹115 |
Long-term viability depends on:
- Successful standalone strategy for Pantaloons
- Digital penetration and private label expansion
- Cost rationalization post-demerger
If achieved, the stock could trade at 1.1–1.3x P/B.
ABFRL Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹92 | ₹130 |
Over a five-year horizon, ABFRL’s upside is capped by structural challenges:
- Low pricing power in the value segment
- High competition from Reliance Trends, Tata Trent
- Legacy integration costs
The ₹92–₹130 range assumes survival and minimal profitability—not market leadership.
ABFRL: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Aditya Birla Group) | 46.61% |
| Public & Retail | 26.69% |
| Foreign Institutional Investors (FII) | 18.26% |
| Domestic Institutional Investors (DII) | 8.44% |
High promoter and FII holding ensures strategic continuity and liquidity.
ABFRL: Strengths vs Risks
Strengths:
- Strong brand portfolio and retail footprint
- Debt/Equity reduced to ~0.1x (nearly debt-free)
- Demerger unlocks strategic clarity
- Trading below book value (P/B: 0.94)
Risks:
- Negative book value per share post-demerger possible
- No path to profitability before 2027
- Extreme competition in value fashion
- Delisting risk for either entity if the scale falters
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Very High |
| Ideal Time Horizon | 5+ years (speculative) |
| Volatility | Extremely High (penny stock behavior) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Aggressive traders betting on post-demerger turnaround; not for long-term investors |
Final Verdict
ABFRL is a financially fragile but strategically repositioned company. The demerger offers a lifeline, but profitability remains uncertain.
Our ABFRL share price target 2026–2030 (₹68 to ₹130) reflects cautious optimism—rooted in asset value but tempered by execution risk. This is not an investment—it’s a gamble on India’s fashion retail revival.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – ABFRL Consolidated Page (FY2025 + TTM)
- Finology Ticker – ABFRL Financials & Demerger FAQ
- Groww.in – ABFRL Stock Profile
- BSE/NSE – Demerger Scheme Approval (April 2024)
- Ministry of Corporate Affairs – NCLT Demerger Order (Oct 2025)
