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Avinash Karumanchi

Motilal Oswal Financial Services Limited
ABLBL

Aditya Birla Lifestyle Brands Limited

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Aditya Birla Lifestyle Brands Limited CC-May26.pdf
8 May 2026
Open call
  1. Hi, sir. Good evening. So, my question is again on the store consolidation. Last year, we have seen a good amount of store consolidation. So, the first part is that the 8% LTL that we have delivered, can it be attributed to because of the store closures? And point #2, are we done with the store closures or is this a continuous phenomenon going forward?

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  2. No, I understand that. I am only referring to the quantum of the closures. That's right.

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  3. Understood, sir. And one last thing, a bookkeeping question. So, if I look at the rental costs that are above EBITDA, they are actually declined on a full year basis and also for the 4th Quarter. So, is this because of some accounting changes in the franchise partners or how should we look at it?

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