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Aditya Birla Lifestyle Brands, which sells Louis Philippe, Van Heusen, Allen Solly and Peter England, more than doubled its July–September profit to ₹53 crore. Sales grew 11 per cent, which the company called its fourth straight quarter of double-digit growth. The stock market has not followed: the shares trade at less than half their 2025 listing-day high.

Menswear store wall stacked with folded shirts

Profit Up 126 Per Cent

Consolidated net profit rose to ₹53.05 crore in Q2 FY27 from ₹23.44 crore a year earlier, according to the company’s regulatory filing as reported by PTI on 31 October. Revenue from operations grew 11.17 per cent to ₹2,265.61 crore, from ₹2,037.90 crore. Total expenses rose more slowly, by 9.71 per cent to ₹2,225 crore, so more of each extra rupee of sales reached the bottom line.

The recovery runs longer than one quarter. In July–September 2024 the business made a net loss of ₹58.77 crore, and a year later its revenue growth was just 3.71 per cent, Business Standard reported in November 2025. Net debt has also come down, to ₹966 crore from ₹993 crore a year ago.

Office Brands Still Carry It

The Lifestyle Brands segment, home to Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter, brought in ₹1,906 crore of revenue. It is still the bulk of the business. In the October–December quarter last year, this segment earned an EBITDA margin of 20.6 per cent and added more than 70 gross stores.

Retail like-to-like (LTL) sales, which compare the same stores year on year, grew 5.3 per cent. The company called it the eighth consecutive quarter of healthy LTL growth, achieved despite a shift in the festive calendar. Its small-town network of more than 500 stores posted double-digit LTL growth for the sixth quarter running.

Newer Labels Grow Faster

The Emerging Businesses segment, which covers American Eagle, Reebok and Van Heusen’s innerwear line, grew 27 per cent. The company says this portfolio has crossed an annualised revenue run-rate of ₹1,400 crore and made up more than 16 per cent of revenue in the first half of the year.

That is a sharp pick-up. In October–December 2025, the same segment grew 13.4 per cent, to ₹355 crore, Business Standard reported in February. Its growth rate has roughly doubled in three quarters.

Channels outside the company’s own stores grew too. E-commerce revenue rose 12 per cent and wholesale rose 18 per cent, both well ahead of the 5.3 per cent LTL figure. Put together, the quarter shows a formalwear-led company leaning on casual, sports and innerwear labels, and on smaller towns, for its next leg of growth.

The Share Price Gap

Aditya Birla Lifestyle Brands was formed through the demerger of Madura Fashion and Lifestyle and listed on 23 June 2025. Its shares hit their all-time high of ₹176.10 that day. On 6 November 2026 they traded at ₹76.80 on BSE, about 56 per cent below that peak, after touching an all-time low of ₹69.41 on 23 October, according to Business Standard market data. Even the 52-week high, ₹142.45 on 18 November 2025, is far above where the stock trades now.

The PTI report on the results does not address the share price. What the numbers do show is that a sharp rise in profit from a low base has not, so far, changed how the market values the business.

What to watch

The October–December quarter. It carries the festive season that partly slipped out of Q2, but also a high base: last year’s Q3 profit was ₹69.01 crore on revenue of ₹2,343.17 crore.
Emerging Businesses. Whether 27 per cent growth holds as American Eagle, Reebok and innerwear get bigger.
Small-town stores. Six straight quarters of double-digit LTL growth make this the network to track.
Margins. The Q2 reports gave no EBITDA figure. Q3 will show whether the Lifestyle Brands margin holds near last year’s 20.6 per cent.
The fifth quarter of double-digit growth. The company has now made this its own yardstick. Missing it would matter more than a single-digit profit swing.