ABLBL Q2 FY27 Guidance vs Delivery (ABLBL Management Mirror)

Q2 FY27 Revenue Meets Double-Digit Growth Guided in Jun'26 Qtr; LTL at 5.3% Falls Short of 7-8% Target

In the Sep'26 Qtr financial results, the company reported consolidated revenue of Rs 2,266 crore, marking 11.2% YoY growth, with retail like-to-like growth tracking at 5.3%. Against the early double-digit retail revenue and 7% to 8% like-to-like growth guided in the Jun'26 Qtr concall, the reported revenue delivered on the double-digit target while like-to-like growth fell short, driven by a festive calendar shift that flattened September sales. Management reaffirmed steady-state forward guidance of 11% to 12% revenue growth and 7% to 8% like-to-like growth for periods beyond Sep'26 Qtr, anticipating a stronger H2 FY27 dependent on an encouraging festive season start and Q3 wedding demand.