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Archana Menon

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ADITYA

Aditya Ispat Ltd

All company calls
Aditya Birla Fashion and Retail Limited
10 Aug 2026
Open call
  1. This is Archana Menon from Morgan Stanley. My first question was on the TCNS business. So just want to get a better understanding about the performance this quarter, because there seems to be a difference between the reported revenue growth and the retail growth. And even for the retail growth, when I look at the LTL numbe rs, it seems to have come down from the 7%, 8% growth last 2 quarters, to 2% this quarter.

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  2. How should we be thinking about this for the rest of the year, both in terms of LTL and new store openings?

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  3. Understood. And on the core Pantaloons business, so ex of OWND, could you help us understand how the profitability for the Pantaloons brand has been moving?

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