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First thing, I wanted to understand on the OWND. So, now across the 79 stores, what is your experience in terms of consumer acceptance of our merchandise, the profile of consumers -- and given that there might be some impact of inflation in the second half . So, how do you see the impact on this brand?
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Any impact you see on the demand if the inflation in the second half leads to some sort of price action?
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Just last one, I wanted to understand on the rent. So, given we are in an inflationary space, how do you see the current rentals? And do you see -- given that there might be some impact on demand, do you see then the rentals lowering or remaining at curren t levels? And would that change the store addition trajectory for us?
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Analyst questions
Hemant Shah
ENAM AMC
2Calls
1Company
ABFRL
All company callsAditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited CC-May26.pdf
26 May 2026
Aditya Birla Fashion and Retail Limited CC-Nov25.pdf
5 Nov 2025
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Reading from the consolidated cash flow, the lease rent liability appears to have moderated. So is it going to moderate going forward? What would be the trend of the lease rent from here?
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No, sir, just wanted to understand whether year-on-year, is it going to increase from here or this trend of moderation in year-to-year figures will continue?
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Sure, sir. Second is on the ethnic business. Ashish sir just touched upon the profitability of the ethnic business. Just wanted, how is the second half wedding season panning out? And with the recent change in the GST rates, do you see any change in the co nsumer sentiment or consumer shifting towards the value pricing category?
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