Image Source: NSE India
Aditya Birla Lifestyle Brands Limited (ABLBL) today, June 23, 2025, listed on the Indian exchanges following a much-awaited listing at ₹167 on the NSE and ₹167.75 on the BSE—slightly lower than the pre-open discovered price of ₹171 per share. Listing follows the strategic demerger of the Madura Fashion & Lifestyle (MFL) business from Aditya Birla Fashion and Retail Limited (ABFRL) to release value and drive greater focus on core lifestyle businesses.
Listing Information:
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ABLBL was quoted at ₹167 on NSE and ₹167.75 on BSE, lower than the price observed at ₹171.
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The shares then fell lower, falling more than 4% to ₹163.62 on the NSE in early trading.
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These stocks are being dealt in the T Group (Trade-for-Trade segment) for the initial 10 sessions with intraday trades and daily movement limited to 5%.
Demerger Structure:
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ABFRL shareholders holding shares as of May 21, 2025, will get one ABLBL share for every ABFRL share held by them.
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The standalone business has marquee brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, and growth brands such as Reebok, American Eagle, and Van Heusen Innerwear.
Market and Analyst View:
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Motilal Oswal initiated with a 'Neutral' rating and price target of ₹190, anticipating a 10% CAGR in FY25–28 revenue driven by retail growth and new brands.
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Bernstein places a value on the company at ₹185–215.
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The company starts with a liability of ₹700–800 crore, to be returned in the 2–3 years time frame.
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The market capitalization of ABBL is approximately ₹20,500 crore.
Business Outlook:
ABLBL has a retail presence of over 3,250 stores in 4.6 million sq. ft. with 70% of the stores being franchisee-owned.
The firm is likely to expand growth brands and enhance margins via operating efficiencies.
Shareholding:
46.57% promoter holding with high foreign portfolio investor presence.
Conclusion: The listing of Aditya Birla Lifestyle Brands is a crucial move in Aditya Birla Group's restructuring efforts to build high-growth platforms in the Indian lifestyle and fashion space. While the initial listing price was lower than the price discovered, analysts are optimistic about its long-term growth potential on the strength of its robust brand equity and growth strategy.
Source: Moneycontrol, Business Today, Economic Times, News18, NDTV Profit, HDFC SKY.
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