MUMBAI, March 2 -- The management of Aditya Birla Fashion and Retail Ltd (ABFRL) met analysts and provided clarity on its long-term revenue and profitability targets. The company plans to more than double its revenues to about Rs21,000 crore by financial year 2026 from Rs9,100 crore last fiscal. This represents a 15% compounded annual growth rate (CAGR) over FY20-26.

The company estimates new businesses to grow at 32% CAGR. Within new businesses, revenue growth from the ethnic wear segment is expected to be much faster at 85% CAGR. ABFRL estimates revenues of Lifestyle Brands to grow at a CAGR of 11-12% whereas Pantaloons is expected to grow 15-16%.

"We like ABFRL's increased aggression and raise estimates marginally, factoring in stron...