Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Aditya Birla Lifestyle Brands Limited

Real Estate

Aditya Birla Real Estate

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Paints

Birla Opus Paints

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Jewellery

Indriya

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries (20 plants in India, and 32 overseas units). Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.Mr. Satish Pai is the Managing Director of Hindalco Industries Limited.

Strong performance amid volatility, strengthened by Hindalco’s integrated business modelRevenue at ₹66,058 crore, up 13%; PAT at ₹4,741 crore, up 21% YoY<h3>Key Highlights</h3><ul><li>Consolidated PAT at ₹4,741 crore, up 21%&nbsp;</li><li>Aluminium Upstream quarterly EBITDA at ₹4,524 crore, up 22%&nbsp;</li><li>Industry-best Aluminium Upstream EBITDA margins, at 45%</li><li>All-time high Aluminium Downstream quarterly EBITDA at ₹261 crore, up 69%</li><li>Copper EBITDA at ₹634 crore, in line with guidance</li><li><a href="/businesses/companies/novelis-inc/">Novelis</a> shipments at 941 KT, in line with the prior year period&nbsp;</li><li>Novelis cost reduction initiatives target over $125 million run-rate savings by FY26&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and $300 million by FY28</li><li>Novelis Oswego plant to restart the hot mill in December 2025</li><li>Hindalco announces Aditya Aluminium Phase 2 expansion of 193 KT</li><li>Consolidated Net Debt to EBITDA at 1.23x as of September 30, 2025,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; vs 1.19x a year ago &nbsp;</li></ul><a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, today reported results for the quarter ended September 30, 2025. Consolidated EBITDA for the second quarter stood at ₹9,684 crore, up 6% from the same quarter last year, and Net Profit increased to ₹4,741 crore, up 21% over the prior year quarter. &nbsp;The robust results were driven by a strong performance by the India business, and a resilient performance by Novelis. India Aluminium Upstream business delivered another standout performance with EBITDA at ₹4,524 crore, up 22%, while Aluminium Downstream achieved a record EBITDA of ₹261 crore, up 69% compared to Q2 FY25. Despite headwinds, Novelis reported flat shipments over the prior year quarter. &nbsp;<h3>Summary of Consolidated Financial Highlights for the Quarter and Half Year ended September 30, 2025 (₹ Crore)</h3><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q1 FY26</td><td style="text-align:center;">Q2 FY26</td><td style="text-align:center;">% Growth YoY</td><td style="text-align:center;">H1 FY25</td><td style="text-align:center;">H1 FY26</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">58,203</td><td style="text-align:center;">64,232</td><td style="text-align:center;">66,058</td><td style="text-align:center;">13%</td><td style="text-align:center;">1,15,216</td><td style="text-align:center;">1,30,290</td></tr><tr><td>EBITDA</td><td style="text-align:center;">9,100</td><td style="text-align:center;">8,673</td><td style="text-align:center;">9,684</td><td style="text-align:center;">6%</td><td style="text-align:center;">17,092</td><td style="text-align:center;">18,357</td></tr><tr><td>PBDT</td><td style="text-align:center;">8,231</td><td style="text-align:center;">7,919</td><td style="text-align:center;">8,881</td><td style="text-align:center;">8%</td><td style="text-align:center;">15,364</td><td style="text-align:center;">16,800</td></tr><tr><td>Profit Before Tax and Exceptional Items</td><td style="text-align:center;">6,157</td><td style="text-align:center;">5,676</td><td style="text-align:center;">6,722</td><td style="text-align:center;">9%</td><td style="text-align:center;">11,335</td><td style="text-align:center;">12,398</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">3,909</td><td style="text-align:center;">4,004</td><td style="text-align:center;">4,741</td><td style="text-align:center;">21%</td><td style="text-align:center;">6,983</td><td style="text-align:center;">8,745</td></tr><tr><td>EPS (₹/Share) - Basic</td><td style="text-align:center;">17.59</td><td style="text-align:center;">18.03</td><td style="text-align:center;">21.35</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">31.43</td><td style="text-align:center;">39.38</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div>Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;&nbsp;&nbsp; “Hindalco continued its growth momentum amid global volatility, delivering strong performance in both volumes and profitability. This performance was driven by robust contribution from &nbsp;India business, disciplined cost management and operational efficiencies across segments.The Aluminium Upstream business continued to outperform with industry-best EBITDA margins of 45%. The Downstream segment reported a solid quarter with 69% EBITDA growth, supported by all-time high volumes and a superior product mix. The Copper business remained resilient, performing in line with our guidance even with lower TC/RCs. Novelis recorded a sequential improvement in both EBITDA and Net Income, despite net tariff impact partially offset by better pricing and accelerated cost efficiency initiatives.Our integrated business model, prudent capital allocation and focus on cost optimisation, continues to enable us to deliver sustained, resilient growth across market cycles.Our sustainability agenda remains focused on climate action, circularity through waste recycling, water stewardship and biodiversity protection.” &nbsp;<h3>Segment-wise Performance for Q2 FY26</h3><h4>Novelis*&nbsp;</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td>UOM</td><td>Q2 FY25</td><td>Q2 FY26</td><td>H1 FY25</td><td>H1 FY26</td></tr><tr><td>Shipments</td><td>KT</td><td>945</td><td>941</td><td>1,896</td><td>1,904</td></tr><tr><td>Revenue</td><td>$ Bn</td><td>4.3</td><td>4.7</td><td>8.5</td><td>9.5</td></tr><tr><td>Adjusted EBITDA</td><td>$ Mn</td><td>462</td><td>422</td><td>962</td><td>838</td></tr><tr><td>EBITDA/ton</td><td>$/ton</td><td>489</td><td>448</td><td>507</td><td>440</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Shipments flat at 941 KT&nbsp;&nbsp;</li><li>Revenue at $4.74 billion, up 10%, driven by higher average aluminium prices&nbsp;&nbsp;</li><li>Adjusted EBITDA at $422 million, down 9% due to the impact of tariffs&nbsp;&nbsp;</li><li>Cost take-out run rate at more than $125 million by end of FY26&nbsp;&nbsp;&nbsp;</li><li>Bay Minette and other strategic investments projects advancing well&nbsp;&nbsp;&nbsp;</li><li>Oswego plant to restart hot mill in December 2025 *As per US GAAP &nbsp;</li></ul><h4>Aluminium (India)</h4>Aluminium Upstream:<figure class="table" style="float:left;"><table><tbody><tr><td>Particulars (Aluminium Upstream)</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q2 FY26</td><td style="text-align:center;">H1 FY25</td><td style="text-align:center;">H1 FY26</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">328</td><td style="text-align:center;">341</td><td style="text-align:center;">657</td><td style="text-align:center;">666</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">9,125</td><td style="text-align:center;">10,078</td><td style="text-align:center;">17,964</td><td style="text-align:center;">19,409</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">3,709</td><td style="text-align:center;">4,524</td><td style="text-align:center;">7,202</td><td style="text-align:center;">8,604</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">1,349</td><td style="text-align:center;">1,521</td><td style="text-align:center;">1,311</td><td style="text-align:center;">1,495</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at 10,078 crore, up 10%&nbsp;&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA at ₹4,524 crore, up 22%, driven by higher volumes and realisations&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA per tonne at $1,521, up 13%, with industry-best margins of 45%&nbsp;&nbsp;&nbsp;</li><li>2nd Phase Aditya Aluminium expansion of 193 KT announced, with a project cost of ₹10,225 crore and expected commissioning in FY29</li></ul> Aluminium Downstream:<ul><li>Sales of Aluminium Downstream at 113 KT, up 10%&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Downstream revenue at ₹3,809 crore, up 20%&nbsp;&nbsp;&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹261 crore, up 69% on account of higher shipments and favourable product mix&nbsp;&nbsp;&nbsp;</li><li>Downstream EBITDA per tonne at $265, up 49% &nbsp;</li></ul><h4>Copper</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td>UOM</td><td>Q2 FY25</td><td>Q2 FY26</td><td>H1 FY25</td><td>H1 FY26</td></tr><tr><td>Metal Sales^</td><td>KT</td><td>117</td><td>113</td><td>236</td><td>237</td></tr><tr><td>^Of which CCR Sales</td><td>KT</td><td>90</td><td>97</td><td>190</td><td>201</td></tr><tr><td>Revenue</td><td>₹ Cr</td><td>13,114</td><td>14,563</td><td>26,406</td><td>29,449</td></tr><tr><td>Segment EBITDA</td><td>₹ Cr</td><td>829</td><td>634</td><td>1,634</td><td>1,307</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 113 KT, down 3%</li><li>Copper Continuous Cast Rod (CCR) sales at 97 KT, up 8%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Revenue at ₹14,563 crore, up 11%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Maintained a healthy EBITDA of ₹634 crore; in a declining TC/RCs market, offset with higher realisation from Sulphuric Acid&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Copper Tubes project progresses to commissioning phase&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Construction of copper recycling project progressing on schedule&nbsp;</li></ul>

Hindalco Reports Q2 FY26 Results

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;The company recently has entered paints business under the brand name ‘Birla Opus’ and would be setting up six plants of manufacturing decorative paints across Pan India locations.&nbsp;Leveraging the Group synergies, Grasim has launched “Birla Pivot”, the B2B online marketplace for building materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.&nbsp;<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India back then. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. Through brownfield expansion, Grasim plans to expand the caustic soda capacity to 1,530 KTPA from 1,290 KTPA by 2024.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim plans to double the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about <a href="/businesses/brands/linen-club/">Linen Club</a>&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019.Know more about <a href="/businesses/companies/aditya-birla-insulators/">Aditya Birla Insulators</a> and <a href="/businesses/companies/aditya-birla-power-composites-limited-abpcl/">Aditya Birla Power Composites Limited</a>&nbsp;PaintsThrough Birla Opus, Grasim aims to be one of the biggest players in the fast-growing decorative paints industry. It plans to set up six manufacturing plants in Haryana, Punjab, Karnataka, Tamil Nadu, Maharashtra, and West Bengal till FY 2025 with a total capacity of 1,332 MLPA and a project cost of ₹10,000 Crore.The trial run for Birla Opus’s three plants began in the third quarter of FY23-24. It’s painting service, branded as PaintCraft, had completed projects at more than 150 sites by December 2023.&nbsp;&nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp;Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs. Birla Pivot has already onboarded over 120 brands and 5500+ SKUs (stock keeping units), providing its customers with a diverse range of categories &amp; products. These categories are steel, cement, tiles &amp; surfaces, ply &amp; laminates, doors, windows, sanitary &amp; bath fitting, among others. The platform is rapidly launching across North, West &amp; South India.

<h3>KEY HIGHLIGHTS – Q2FY26</h3><ul><li>Revenue: Consolidated revenue for the quarter stood at ₹39,900 Cr., up 17% YoY.</li><li>Cellulosic Staple Fibre: Specialty Sales volume share at 24% driven by higher exports.</li><li>Chemicals: EBITDA up by 34% YoY led by higher ECU realisation and volume growth in Chlorine Derivatives.</li><li>Cement: Expansion plan announced aiming 240.8 mtpa of total grey cement capacity (India + Overseas) by Mar-28.</li><li>Birla Opus: 2nd largest Decorative Paints industry capacity share of ~24% with commissioning of 6th plant at Kharagpur (Oct-25).</li><li>Birla Pivot: Revenue up by 15% QoQ led by new buyers, healthy repeat orders and increasing contribution from wider range of product categories.&nbsp;</li><li>Financial Services: Total Lending portfolio (NBFC + HFC) grew 29% YoY to ₹1,77,855 Cr. &nbsp;</li></ul><h3>Consolidated Financial Results (₹ Cr.)</h3><figure class="table" style="float:left;"><table><tbody><tr><td style="text-align:center;">H1FY26</td><td style="text-align:center;">H1FY25*</td><td style="text-align:center;">YoY</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">Q2FY26</td><td style="text-align:center;">Q2FY25*</td><td style="text-align:center;">YoY</td></tr><tr><td style="text-align:center;">80,018</td><td style="text-align:center;">68,832</td><td style="text-align:center;">16%</td><td style="text-align:center;">Revenue</td><td style="text-align:center;">39,900</td><td style="text-align:center;">34,223</td><td style="text-align:center;">17%</td></tr><tr><td style="text-align:center;">11,647</td><td style="text-align:center;">8,797</td><td style="text-align:center;">32%</td><td style="text-align:center;">EBITDA</td><td style="text-align:center;">5,217</td><td style="text-align:center;">4,056</td><td style="text-align:center;">29%</td></tr><tr><td style="text-align:center;">1,972</td><td style="text-align:center;">1,390</td><td style="text-align:center;">42%</td><td style="text-align:center;">PAT^</td><td style="text-align:center;">553</td><td style="text-align:center;">315</td><td style="text-align:center;">76%</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div>^owner’s share of PAT; *Restated due to Kesoram acquisition by UltraTech Cement<a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a> (BSE: 500300, NSE: GRASIM) today announced its financial results for the quarter ended 30th September 2025. The TTM consolidated revenues stood at ₹1,59,663 Cr., up 8% compared to FY25. Consolidated revenue for Q2FY26 stood at ₹39,900 Cr., up by 17% YoY largely driven by growth in Building Materials and Chemicals businesses. Standalone revenue for Q2FY26 stood highest-ever at ₹9,610 Cr., up 26% YoY, led by robust growth from new businesses: Paints and B2B E-commerce coupled with stable core businesses: Cellulosic Fibres and Chemicals.Consolidated EBITDA in Q2FY26 stood at ₹5,217 Cr. was up by 29% YoY mainly led by higher profitability in the Cement and Chemicals businesses. Consolidated PAT in Q2FY26 grew by 76% YoY at ₹553 Cr. &nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)</h3>In China, operating rates averaged at 89% in Q2FY26, higher compared to 86% in Q2FY25. Also, average inventory holding increased to 15 days compared to 8 days in Q2FY25. This has led to moderation in average CSF prices to $1.51/kg in Q2FY26. However, domestic CSF prices remained stable due to rupee depreciation.CSF sales volume de-grew by 5% YoY at 209 KT due to temporary logistics challenges at Vilayat, which is now normalized. Specialty sales volumes were up by 53% YoY led by higher exports during the quarter. CFY sales volumes was up by 3% YoY driven by festive demand, however realisation remains under pressure due to Chinese producers aggressive pricing for the Indian markets.Cellulosic Fibres segment revenue stood at ₹4,149 Cr., up 1% YoY. EBITDA stood at ₹350 Cr., down 29% YoY due to higher input prices which were absorbed by the Company. &nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>Caustic soda international average spot prices (CFR-SEA) declined for the second consecutive quarter to $449/ton in Q2FY26, down by 5% YoY. However, domestic caustic realisations were higher due to stable domestic demand and rupee depreciation.ECU realisations stood at ₹32,979/ton, up 8% YoY. Caustic sales volumes stood flattish YoY due to lower production by constrained power availability. Specialty Chemicals volumes were higher by 34% YoY supported by stabilising utilisation levels at the last commissioned plant. However, higher input prices continue to impact profitability in Specialty Chemicals.Overall Chemicals business revenue stood at ₹2,399 Cr., up 17% YoY. EBITDA increased by 34% YoY at ₹365 Cr. driven by higher volumes in Chlorine Derivatives and better ECU realisations. &nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Despite monsoon related demand weakness, Building Materials segment reported revenue of ₹22,253 Cr., up 28% YoY, led by overall performance across Cement, Paints and B2B E-commerce businesses. EBITDA stood at ₹2,950 Cr., up 55% YoY anchored by robust performance in Cement (<a href="/businesses/companies/ultratech-cement-limited/">UltraTech</a>) which was partially moderated by initial investments for ‘<a href="/businesses/companies/birla-opus-paints/">Birla Opus</a>’ and ‘Birla Pivot’ as we scale the Building Materials business. Building Materials segment is expanding capacities to meet the growing demand from infrastructure and housing segments.Cement business, UltraTech has announced capacity expansion plans aiming total grey cement capacity (India + Overseas) of 240.8 mtpa vs. current capacity of 192.3 mtpa by Mar-28. Consolidated sales volumes for Q2FY26 of the Cement business stood at 33.85 MT, up by 6.9% YoY and ready-mix concrete sales volumes stood at 3.79 Mn m3, up 26% YoY. UltraTech Building Solutions (UBS) outlets increased to 5,084, contributing 20.5% of total domestic grey cement sales volume. Operating EBITDA/Mt grew by 32% YoY at ₹966 compared to ₹732 in Q2FY25. Green Power Mix for the Cement business stood at 41.6% compared to 30.2% in Q2FY25 with a target to reach 85% by FY30. Cement business revenue stood at ₹19,607 Cr., up 20% YoY supported by both higher volumes and improved realisations.Paints business, Birla Opus, continues to gain market share in the Indian decorative paints market, despite industry slowdown. Revenue market share gains are driven by rapid expansion of distribution network, higher secondary sales, enhanced brand visibility and sustained product quality differentiation. With commencement of Kharagpur plant in Oct-25 the total capacity has reached 1,332 MLPA. This marks an industry capacity share of ~24%, the 2nd largest in the Indian Decorative Paints market. The decorative paints distribution network has now expanded to over 10,000 towns, beyond original guidance. The business has expanded its portfolio to 191 products with 1,750+ SKUs across entire six decorative paints product categories with launch of 13 new products. Reflecting strong confidence in product quality, the business has launched ‘Opus Assurance’, an industry-first commitment to repaint the registered sites at no cost (including labor) if any issue emerges within the first year of painting. PaintCraft, the Birla Opus premium painting service, is now offered through dealers &amp; franchisees and has introduced industry-first features such as EMI options and GST-compliant tax invoices on home painting services. Such industry-first initiatives are receiving encouraging feedback, reflecting rising customer trust and confidence in the brand. Given the success of ‘Opus Boy’ campaign, Birla Opus has established itself as India’s #2 Decorative Paints Brand in top-of-mind brand recall as per third-party brand track survey in urban India. Cumulative capex for paints business stood at ₹9,727 Cr. till Sep-25.B2B E-Commerce business, Birla Pivot, continues its growth momentum with steady uptick in Annualised Revenue Run-rate (ARR). The quarter saw revenue growth of 15% QoQ, fuelled by new customer additions, healthy repeat orders and increasing contribution from product categories such as Non-ferrous, Bitumen, Chemicals and Tiles &amp; Ply. The Business remains on track to achieve revenue of ₹8,500 Cr. ($1 billion) by FY27. Birla Pivot is continuously improving its proposition across the 3 core pillars of e-commerce - Price, Assortment &amp; Experience. The Business continues to expand its digital ecosystem by introducing solutions for frictionless convenience and user delight. With a wide-ranging portfolio across 35+ categories and 40,000+ SKUs sourced from 300+ premier brands globally and domestically, the platform provides customers unmatched choice, enhancing engagement and loyalty. &nbsp;<h3>Financial Services, Aditya Birla Capital</h3>Revenue of the financial Services business, as consolidated in accordance with Ind AS, grew by 3% YoY to ₹10,569 Cr. The overall lending portfolio (NBFC and HFC) increased by 29% YoY to ₹1,77,855 Cr. The total AUM (AMC, life insurance and health insurance) grew by 10% YoY to ₹5,50,240 Cr. The D2C platform, <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">ABCD (Aditya Birla Capital Digital)</a> continues to witness robust response with over 7.6 million customers as of Sep-25. Udyog Plus, B2B platform for MSMEs, continues to scale up well with 2.4 mn+ registrations and a total AUM of ~₹4,397 Cr. ABCD also continues to expand its pan-India network with 22 new branches added taking the total branch count across all businesses to 1,712 as of Sep-25. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments. &nbsp;<h3>Other Businesses (Textiles, Renewables, and Insulators)</h3>Revenue from other businesses stood at ₹996 Cr. and EBITDA stood at ₹249 Cr led by robust performance in the Renewables business. Renewable business cumulative installed capacity stood at 1.93 GWp, nearly 2x the capacity in Q2FY25. The capacity share for Group companies stood stable at 43%. Textiles business revenue grew by 6% YoY at ₹586 Cr. led by festive demand in premium textiles. EBITDA of Textiles business stood at ₹24 Cr. against EBITDA loss in Q2FY25 led by normalisation of input prices in linen segment. &nbsp;<h3>Capital Expenditure</h3>Capital expenditure (capex) for Q2FY26 stood at ₹461 Cr and for H1FY26 stood at ₹941. Paints total cumulative capex stood at ₹9,727 Cr. The rapid Paints scale up has been executed without any project overrun. In Cellulosic Fibres, Phase-1 of 55 KTPA (out of total 110 KTPA) is progressing well and commissioning is targeted by mid-2027. &nbsp;<h3>Sustainability</h3>Grasim’s Cellulosic Fibres business has achieved the highest rating of 'Dark Green Shirt' for the sixth consecutive year in Canopy’s Hot Button Report 2025 for its commitment to conserve Ancient and Endangered Forests and promote circular solutions. The Company remains committed to increase the adoption of renewable energy and water recycling across manufacturing units. On a standalone basis (including Paints business), the proportion of recycled water consumption to freshwater consumption stood at 49%. The share of renewable power capacity to total capacity stood at 24%. &nbsp;<h3>Outlook</h3>Grasim Industries stands to gain considerably from India’s broad-based economic momentum. Its diversified portfolio, underpinned by strategic capital deployment and scale-building across core sectors, places it in a unique position as the country advances through its next phase of development. The Government’s ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand. With its strong foundations and future- focused investments, Grasim is well placed to participate in the next chapter of India’s growth.

Grasim announces Q2FY26 financial results 

Aditya Birla Capital (ABCL) is the finance flagship of Aditya Birla Group. ABCL is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses.&nbsp;ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.11 Lakh Crore with a consolidated lending book of over Rs 1.65 Lakh Crore as of June 30, 2025. &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Co. Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Sun Life AMC Limited</li><li>Aditya Birla Sun Life Pension Fund Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp;</li><li>Aditya Birla Money Limited</li><li>Aditya Birla Wellness Private Limited</li><li>Aditya Birla Capital Digital Limited &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated Revenue1: &nbsp;₹12,481 crore (↑4% y-o-y)&nbsp;</li><li>Consolidated Profit after tax1,2: ₹855 crore (↑3% y-o-y)&nbsp;</li><li>Total lending portfolio: ₹1,77,855 crore (↑ 29% y-o-y and 7% q-o-q)</li><li>Portfolio quality holds strong amidst uncertain environment</li><li>Mutual fund quarterly average AUM: ₹4,25,171 crore (↑ 11% y-o-y)</li><li>Life insurance individual first year premium: ₹1,880 crore in H1 FY26 (↑ 19% y-o-y)</li><li>Health insurance gross written premium: ₹2,839 crore in H1 FY26 (↑ 31% y-o-y)&nbsp;</li><li>Udyog Plus, B2B platform for MSMEs reached ₹4,397 crore AUM&nbsp;</li><li>ABCD, omnichannel D2C platform with 7.6</li></ul> Aditya Birla Capital Limited (“The Company”) announced its unaudited financial results for the quarter and half year ended September 30, 2025.The consolidated revenue1 grew by 4% year-on-year to ₹12,481 crore. The consolidated profit after tax, excluding one-off items, grew by 3% year-on-year to ₹855 crore. The overall lending portfolio (NBFC and HFC) grew by 29% year-on-year and 7% sequentially to ₹1,77,855 crore as on September 30, 2025. The total AUM (AMC, life insurance and health insurance) grew by 10% year-on-year to ₹5,50,240 crore as on September 30, 2025. The life insurance individual first year premium grew by 19% year-on-year to ₹1,880 crore in H1 FY26 and health insurance gross written premium grew by 31% year-on-year to ₹2,838 crore in H1 FY26.The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 26 products and services such as payments, loans, insurance, and investments. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 76 lakh customer acquisitions as of September 30, 2025.The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with 24 lakh registrations and reached an AUM of ₹4,397 crore as of September 30, 2025.The Company also continues to expand its pan-India network with 22 new branches added taking the total branch count across all businesses to 1,712 as of September 30, 2025. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments. &nbsp;<h3>Highlights of NBFC business in Q2 FY26</h3><ul><li>Disbursements grew by 14% year-on-year and 39% sequentially to ₹21,990 crore</li><li>AUM grew by 22% year-on-year and 6% sequentially to &nbsp;₹1,39,585 crore&nbsp;</li><li>Profit before tax grew by 13% year-on-year and 3% sequentially to ₹956 crore&nbsp;</li><li>Return on assets was 2.20%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 121 bps year-on-year and 67 bps sequentially to 3.03%</li></ul><h3> Highlights of Housing Finance business in Q2 FY26</h3><ul><li>Disbursements grew by 44% year-on-year and 7% sequentially to ₹5,786 crore&nbsp;</li><li>AUM grew by 65% year-on-year and 11% sequentially to &nbsp;₹38,270 crore&nbsp;</li><li>Profit before tax grew by 87% year-on-year and 26% sequentially to ₹194 crore&nbsp;</li><li>Return on assets increased by 23 bps sequentially to 1.82%</li><li>Return on equity increased by 168 bps sequentially to 13.95%</li><li>Gross stage 2 and 3 ratio improved by 24 bps sequentially and 112 bps year-on-year to 1.10%</li></ul><h3> Highlights of Asset Management business in Q2 FY26</h3><ul><li>Mutual fund quarterly average assets under management grew by 11% year-on-year to ₹4,25,171 crore with equity mix at 45.3%</li><li>Equity QAAUM grew by 7% year-on-year to ₹1,92,401 crore&nbsp;</li><li>Individual monthly average assets under management grew by 2% year-on-year to ₹2,06,554 crore</li><li>Folios serviced increased by 5% year-on-year to more than ₹1 crore</li><li>Operating profit grew by 13% year-on-year to ₹270 crore</li></ul><h3> Highlights of Life Insurance business in H1 FY26</h3><ul><li>Individual First Year Premium (FYP) grew by 19% year-on-year to ₹1,880 crore&nbsp;</li><li>Market share in individual FYP increased by 50 bps year-on-year to 4.9%&nbsp;</li><li>Renewal premium grew by 18% year-on-year to ₹4,664 crore&nbsp;</li><li>13th month persistency: continued to be top quartile in industry at 86%</li><li>Net value of new business (VNB) margin increased by 420 bps year-on-year to 11.6%</li><li>Absolute net VNB grew by 74% year-on-year to ₹237 crore</li></ul><h3> Highlights of Health Insurance business in H1 FY26</h3><ul><li>Gross written premium (GWP) grew by 31% year-on-year to ₹2,839 crore</li><li>Standalone health insurer (SAHI) market share increased by 170 bps year-on-year to 13.6%&nbsp;</li><li>Combined ratio improved to 112% (H1 FY25: 113%)</li></ul>

Aditya Birla Capital Q2 FY26 Financial Results | Consol. PAT rises 3% YoY to Rs 855 Crore

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.9 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India. In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.UltraTech is the third largest cement company in the world, excluding China, with a consolidated production capacity of 192.26 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 175+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 24 integrated manufacturing units, one Clinkerisation unit, 33 grinding units and 8 bulk packaging terminals. With 316 Ready Mix Concrete (RMC) plants in 139 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech has 34 integrated manufacturing units, 34 grinding units, one Clinkerisation unit and 9 Bulk Packaging Terminals. UltraTech has a network of over 1.4 lakh channel partners across the country and has a market reach of more than 80% across India. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has two White Cement units and three Wall Care putty units, with a current capacity of 2.6 MTPA. With 395 Ready Mix Concrete (RMC) plants in 155 cities, UltraTech is the largest manufacturer of concrete in India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes.

UltraTech Cement Limited, an Aditya Birla Group company has announced its financial results for the quarter ended 30th September, 2025.<figure class="table" style="width:40.23%;"><table class="ck-table-resized"><colgroup><col style="width:39.33%;"><col style="width:30.54%;"><col style="width:30.13%;"></colgroup><tbody><tr><td>&nbsp;</td><td colspan="2">Consolidated</td></tr><tr><td>Particulars&nbsp;</td><td>Q2FY26</td><td>Q2FY25</td></tr><tr><td>Net Sales</td><td>19,371</td><td>15,967</td></tr><tr><td>PBIDT</td><td>3,268</td><td>2,253</td></tr><tr><td>PAT</td><td>1,232</td><td>703</td></tr></tbody></table><figcaption>(Rs. in crores)</figcaption></figure>The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”), the Company and their respective shareholders and creditors, was effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024. Consequently, the Company has restated its financial results with effect from 1st April, 2024.<h3> FINANCIALS</h3>Consolidated Net Sales was Rs. 19,371 crores vis-à-vis Rs. 15,967 crores over the corresponding period of the previous year, registering a growth of 21.3%. Profit before interest, depreciation and tax was Rs. 3,268 crores compared to Rs. 2,253 crores. Profit after tax was Rs. 1,232 crores compared to Rs. 703 crores.<h3> OPERATIONS</h3>UltraTech achieved a growth of 22.3% in domestic <a href="/businesses/companies/ultratech-cement-limited/">grey cement</a> without considering the sales volumes of India Cements and Kesoram in the previous year since they were not part of UltraTech during that period. The Company has delivered a remarkable growth during this quarter. Notably, this growth has exceeded the expected industry growth of around 5% for the same period. This achievement highlights the Company's strong performance and its ability to surpass prevailing market trends.Energy costs were lower by 7% YoY, while raw material costs rose 5% on account an increase in the cost of flyash and slag.Operating EBITDA per ton for the existing UltraTech assets of 166.76 mtpa is at Rs. 966 per ton.The acquired assets of <a href="/media/press-releases/ultratech-cement-commits-fresh-capex-of-rs-10255-crores-cement-capacity-to-top-24076-mtpa-at-the-end-of-this-capex-cycle/">India Cements</a> and Kesoram have generated an operating EBITDA of Rs 386 per ton and Rs 755 per ton respectively. Both the acquisitions are rapidly improving with 55% of Kesoram volumes and 31% of India Cements volumes already transitioned to the power of UltraTech brand.The Company transitioned into GST 2.0 with effect from 22nd September 2025, passing on the full benefit of reduction in GST rates to its customers<h3> CAPACITY EXPANSION</h3>UltraTech’s expansion program is progressing as scheduled, with the Company continuously enhancing its production capabilities.UltraTech’s domestic grey cement capacity is 186.86 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 192.26 mtpa.<h3> SUSTAINABILITY</h3>UltraTech operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at Sewagram Cement Works, Gujarat. This innovative solution integrates solar using bifacial modules with trackers and wind energy alongside battery storage, co-located on-site, to provide uninterrupted energy during the <a href="/media/stories/becoming-indias-number-one-cement-manufacturer-the-ultratech-story/">cement manufacturing</a> process without any reliance on grid power. It marks the country’s first (RTC) hybrid renewable energy project for industrial power consumption and showcases UltraTech’s vision to use advanced technologies to reduce CO2 emissions. This project represents a new benchmark in India’s clean energy transition.In line with its stated commitment towards enhancing environment conservation measures, UltraTech commenced 9 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 369 MW. The share of green power (including WHRS and RE Power) in the Company’s power mix is 41.6% for the quarter.

UltraTech Q2FY26 Financial Results

Mr. Kumar Mangalam Birla: Fresh investment reflects sustained confidence in the economy and the scale of its infrastructure ambitions.UltraTech Cement announced an investment of Rs 10,255 crores to expand its <a href="/media/press-releases/ultratech-q2fy26-financial-results/">cement production</a> capacity by 22.8 mtpa, including that of its subsidiary India Cements Limited. This expansion, approved by the Board of Directors at its meeting held today, will be executed through a mix of brownfield and greenfield projects.This move reinforces UltraTech's commitment to sustained growth and its role in meeting the evolving demands of the Indian market.Commenting on the development, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group stated, “India is now a commanding force in the <a href="/media/stories/becoming-indias-number-one-cement-manufacturer-the-ultratech-story/">global cement</a> landscape, and UltraTech stands at the helm as its foremost champion. This latest capacity expansion follows more than Rs.50,000 crores invested over the past five years, underscoring deep and sustained confidence in the Indian economy and the scale of its infrastructure ambitions. Capital, when deployed strategically, has a catalytic effect. It energises ecosystems, deepens industrial linkages, and creates durable employment. With this investment, we are reinforcing momentum across core sectors and contributing meaningfully to the acceleration of India’s economic flywheel. As India enters a transformative era of infrastructure and economic development, UltraTech is well-positioned to meet the rising demand for cement and contribute meaningfully to the nation’s journey towards Viksit Bharat 2047.”Over the past decade, UltraTech has demonstrated resilience and stewardship, adding over 65 mtpa capacity through the inorganic growth. UltraTech ranks as the second <a href="/businesses/companies/ultratech-cement-limited/">largest cement company</a> globally by capacity and the largest by sales volume, (excluding China) - a testament to its strategic foresight and operational excellence.Commercial production from these new capacities is expected to go fully on stream in a phased manner, starting from FY28 and will catapult the Company’s cement capacity to 240.76 mtpa globally.

UltraTech Cement Commits fresh capex of Rs. 10,255 crores; Cement Capacity to top 240.76 mtpa at the end of this capex cycle

Aditya Birla Lifestyle Brands Limited (ABFRL) emerged after the consolidation of the apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiary Madura Lifestyle into Pantaloons Fashion and Retail (PFRL) in 2015.Post-consolidation, PFRL was renamed to Aditya Birla Fashion and Retail Ltd (ABFRL). In 2025, ABFRL underwent a vertical demerger of western wear brands within the Madura Fashion and Lifestyle’s business into a newly incorporated entity named Aditya Birla Lifestyle Brands Limited (ABLBL).ABFRL now includes constituents that operate in several high-growth segments. These are<ol><li>Masstige and value retail chains: Pantaloons and Style Up</li><li>Ethnic wear portfolio: Designer-led brands of Sabyasachi, Shantnu &amp; Nikhil, Tarun Tahiliani, and House of Masaba; and premium wear ethnic brands of TASVA, Jaypore and the recently amalgamated TCNS brands such as W, Aurelia, Wishful, Elleven, and Folksong</li><li>Luxury retail business: The Collective, select mono brands and Galeries Lafayette</li><li>Digital-first portfolio: Technology-led ‘House of D2C Brands’ under its venture, TMRW &nbsp;</li></ol>As of 31 March 2025, ABFRL boasts a vast retail footprint, covering over 7.2 million sq. ft. across India, with a robust network of 1,187 brand stores.

<h3>The debut flagship in Mumbai’s Kala Ghoda district will bring global fashion, beauty, and experiential retail to India’s luxury market</h3>Galeries Lafayette, one of the world’s most celebrated department stores, is set to open its first Indian flagship at the historic Turner Morrison and Voltas House buildings in Kala Ghoda, Mumbai. The debut marks a defining moment in India’s luxury journey, bringing together the French icon’s 130-year legacy of fashion, art, and culture with Aditya Birla Group’s deep understanding of the Indian market.This opening follows the exclusive partnership announced between Galeries Lafayette and <a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">Aditya Birla Fashion and Retail Limited (ABFRL)</a> in 2022, a part of leading Indian multinational Aditya Birla Group, to establish the brand’s presence in India through flagship stores and an omnichannel retail model.India’s luxury market, projected to reach USD 85 billion by 2030, continues to see rapid growth driven by rising affluence, digital influence, and aspirational consumption. Mumbai, the country’s financial and cultural capital, accounts for a significant share of this opportunity, making it the natural home for Galeries Lafayette’s first flagship in India.Commenting on the launch, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman, Aditya Birla Group, said: “ Luxury in India today stands at the threshold of transformation. With one of the fastest-growing affluent populations in the world and a new generation of globally exposed consumers, the appetite for high-end experiences has never been stronger. A new India is emerging which is youthful, ambitious, and globally connected. One that embraces luxury as a statement of aspiration and identity.Our partnership with Galeries Lafayette, therefore, marks a coming-of-age moment for Indian luxury retail. Together, we are creating an iconic destination in the heart of Mumbai—a world-class showcase where the best of global luxury engages with the rising confidence of the Indian consumer. For the first time, India will welcome a luxury department store, housed in landmark real estate, executed with precision, and infused with the elegance of Indian sensibilities.”Mr. Nicolas Houzé, Executive Chairman, Galeries Lafayette Group, commented. “Opening our first store in Mumbai is a defining moment for Galeries Lafayette and a new chapter in our international journey. Partnering with the Aditya Birla Group, a renowned family-owned conglomerate whose values resonate with ours, gives this project a particularly strong foundation. With Mumbai as our anchor point, we are proud to introduce an experience that brings together French heritage, creativity, and innovation, while embracing the energy and cultural richness of India. This flagship will stand as a symbol of our ambition to make the French Art of Living shine on the global stage.”The partnership combines Galeries Lafayette’s global retail expertise with ABFRL’s proven leadership across India’s premium and luxury segments. Together, the two entities aim to create a structured, scalable model for the country’s high-value retail market. The Mumbai flagship serves as a strategic platform to showcase curated luxury merchandising and experiential offerings while generating insights that inform ABFRL’s long-term growth in this segment.Mr. Ashish Dikshit, Managing Director, Aditya Birla Fashion and Retail Limited said: “Galeries Lafayette ushers in a new paradigm of luxury for India, one that goes beyond retail to create cultural experiences. At ABFRL, our focus has always been on shaping aspirations while building <a href="/media/press-releases/aditya-birla-group-announces-partnership-with-galeries-lafayette/">leadership in premium and luxury retail</a> through strategic investment and execution. With this flagship, we are setting new benchmarks in assortment, service and experience, while building on the momentum that has already placed India on the global luxury map. Our aim is to further elevate this trajectory, amplifying India’s influence and visibility in the world of luxury. This milestone reflects not only our retail vision but also our commitment to nurturing a stronger luxury ecosystem in India, one that is both aspirational and sustainable.”Spanning 90,000 sq. ft. across five levels, the flagship has been designed by the London-based architectural firm Virgile + Partners. The space reinterprets Galeries Lafayette’s global concept through an Indian lens, blending Parisian refinement with Mumbai’s architectural heritage to create a destination that balances legacy and modernity.The curated portfolio brings together more than 250 revered luxury and designer brands from across the globe. Beyond retail, the flagship introduces personal styling, private lounges, concierge services, and curated cultural programs designed to deepen engagement and drive repeat experiences.These initiatives aim to enhance customer loyalty, provide data-led insights, and support ABFRL’s strategic vision for long-term growth in luxury retail.Galeries Lafayette Mumbai embodies Art de Vivre and Joie de Vivre, offering India’s next-generation consumers a seamless fusion of fashion, culture, and design. The alliance was shaped with strategic counsel from Pike Preston, ensuring the partnership aligns with global best practices while adapting to India’s evolving retail landscape.The flagship officially opens its doors early next month at Turner Morrison Building, 16 G. Vaidya Road, Kala Ghoda, Fort, Mumbai.

Galeries Lafayette To Open Doors in India with Aditya Birla Group early next month

Aditya Birla Group forayed into branded jewellery retail business in 2024 with the launch of its brand, Indriya, under the company, Novel Jewels.Rooted in Sanskrit, Indriya signifies strength and the power of the five senses—elements that drive our consciousness and shape our experiences. The brand's insignia, a graceful Female Gazelle, symbolises the senses and epitomises feminine beauty and elegance. Indriya is not just about our identity; it’s about celebrating the profound love women have for jewellery.Indriya is a "New Age Jewellery" brand that transforms the jewellery experience for every Indian. With a projected 50% CAGR and 3x the industry growth over the next decade, Indirya aspires to become one of the top three jewellery retailers within the first five years of its launch, and potentially the largest direct-to-consumer retailer under Aditya Birla Group.Indriya offers over 20,000 curated and 8,000 exclusive designs, crafted for various occasions. Currently Indriya has 27 stores across New Delhi, Hyderabad, Mumbai, Pune, Ahmedabad, Jaipur, Patna, Indore, Surat, Lucknow, Vijayawada, and &nbsp;Bhubaneswar. It plans to open 100 stores across India by FY2026.Mr. Sandeep Kohli is the Chief Executive Officer of Novel Jewels.

<h3>The campaign features real-life couple Aditi Rao Hydari and Siddarth in the musical celebration; recreates legendary song, ‘Dil Abhi Bhara Nahin’.</h3>&nbsp;<div class="video-responsive"><iframe src="https://www.youtube.com/embed/0rqTDCiZj9E?si=0FSIvNjfH3Tr5RDq&amp;" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen=""></iframe></div>&nbsp;<a href="/businesses/companies/indriya/">Indriya</a> by Aditya Birla Group celebrates the festive season with its new collection, ‘Alka’, unveiled in a soulful music video with a recreated legendary song, ‘Dil Abhi Bhara Nahin’. The video features Aditi Rao Hydari and Siddharth coming together for the first time on screen, showcasing their real-life chemistry in a story that redefines modern romance.Soulfully composed by Sneha Khanwalkar, and written and directed by Anvita Dutt, the film tells an endearing tale of a couple stealing special moments amid festive grandeur. It taps into a cultural shift—deepening bonds and cherishing moments with the people who matter most. The story is about finding the ‘us’ in the ‘we’—discovering intimate, personal connections within our closest circle. From a woman’s love for her jewellery to her love for those she holds dear, Indriya’s jewellery becomes a timeless expression of these emotions.The festive collection is inspired by the mythical city of Kubera, the God of Wealth and Prosperity, and celebrates the beauty and abundance of festivity. Crafted in gold, diamonds, and polki, the collection features opulent necklaces, earrings, and bangles — perfect for every festive moment. Rooted in ancient lore where lotuses bloom eternally, swans glide gracefully, and peacocks shine in moonlit palaces - every design of Alka brings to life timeless symbols of grace, prosperity and celebration. Crafted with festive joy, Indriya’s Alka Collection will make you fall in endless love as your heart sings “Dil Abhi Bhara Nahin”.Speaking on the campaign, Sandeep Kohli, CEO, Indriya, said, “We see jewellery as a powerful symbol of the bonds that truly matter. This campaign is our ode to the quiet, personal moments that make the festive season so special—the ones you share with the people who are closest to your heart. Aditi and Siddharth’s real-life chemistry brought this narrative to life beautifully, showing that true luxury isn't in grand displays, but in the small, heartfelt connections we cherish."Shantiswarup Panda, CMO, Indriya, added “Indriya’s exquisitely designed festive collection, ‘Alka’, is inspired by the beauty and bountifulness of Alkapuri, the mythical abode of Kubera the God of wealth. This collection embodies the warmth &amp; prosperity of the festive season, &nbsp;along with the deep longing for those closest to our hearts. Our campaign beautifully brings out this endless love through endearing chemistry between Aditi Rao and Siddharth stealing a moment amid festive celebrations. This festive season, Indriya unveils the full version of the soulful, reimagined rendition of the classic song, Dil Abhi Bhara Nahi, offering a fresh, emotional ode to the endless love the brand celebrates.”Tanuja Bhat, Senior Executive Creative Director &amp; Creative Head, Beauty &amp; Luxury Collective, Ogilvy West, added, “For a brand like Indriya that stands for endless love for her jewellery, we wanted to carve out a new, intimate space within the festive narrative. The film captures a sweet story of Aditi stealing a special moment with Siddharth during a Diwali party, using an Indriya ring, creating her own ‘us’ within the ‘we’.”With 29 stores in 15 cities, Indriya continues to grow its presence across India and captivate consumers with expert craftsmanship and intricate designs, each crafted with endless love. Indriya celebrates a woman’s love for jewellery by offering a variety of designs for all occasions, from everyday wear to special celebrations, and exquisite bridal jewellery, with over 20,000 designs in gold, polki and diamond.

Indriya launches festive collection Alka

<a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">Aditya Birla Fashion and Retail Ltd. (ABFRL)</a> announces the launch of OWND!, a bold new fashion brand designed for India's Gen Z and youthful, trend-conscious consumers.The launch marks the debut of a new proposition complete with a new brand name, new identity, contemporary shop layouts, along with hottest trend-driven products for the vibrant and dynamic lifestyle of young India. &nbsp;OWND! is inspired by youth culture with a core mission to spark conversations and empower the youth to own every moment with their unmistakable charisma. This new brand proposition, with its dynamic energy will bring a wave of fashion retailing that resonates with the fashion conscious &amp; value driven GenZ. &nbsp;Speaking about the launch, Sangeeta Tanwani, Chief Executive Officer, <a href="/businesses/brands/pantaloons/">Pantaloons</a> and OWND! said, “The momentum with which the young consumer is reshaping the fashion landscape and its influential role in defining cultural trends is undeniable. Inspired by sharp insights into this segment, our strategy is a bold move, designed to forge a deep connection and a true sense of brand love. This new chapter, anchored in a vibrant brand name, a distinct identity, and a robust business model, will be a strong catalyst for our next wave of exponential growth.”With OWND!, ABRFL aims to accelerate its play in the value fashion category. The company plans to convert the existing StyleUp stores into OWND! &amp; expand its footprint to 100 stores by the end of this financial year. &nbsp;

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