New Delhi, May 26 -- Aditya Birla Fashion and Retail Ltd (ABFRL) plans to aggressively expand to triple its business and double the scale of its newly formed lifestyle brands subsidiary over the next five years.

ABFRL, with a refined brand portfolio, a broad presence across high-growth segments, and a gross cash balance of Rs.2,350 crore, is set to begin its next phase of growth. It targets a three-time revenue increase and a two-times margin expansion over the next five years, said Jagdish Bajaj, chief financial officer, at the company's post-earnings call on Monday.

Aditya Birla Lifestyle Brands Ltd (ABLBL), backed by a portfolio of over 3,200 stores and healthy free cash flows, is positioned to double in scale and significantly expan...