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ABFRL bets big on TMRW: scale over profits as Q3 revenue jumps 29% to ₹242 cr
Our read
TMRW's playbook of EBOs, D2C apps, and quick commerce across Bewakoof, Wrogn, TIGC and Nobero shows that omnichannel breadth is now table stakes for digital-first house-of-brands aiming for ~125 stores by FY26.
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The report,
ABFRL is doubling down on TMRW house-of-brands, prioritising scale over profit through FY30. TMRW Q3 revenue grew 29% to ₹242 cr with narrowing losses; expanding omnichannel via EBOs, D2C apps and quick commerce across Bewakoof, Wrogn, TIGC, Nobero.
Reported figures
From the report. Source details below
| Q3 Ebitda loss ₹57 cr vs | ₹62 cr |
|---|---|
| ABFRL Q3 net loss ₹137 cr vs | ₹103 cr |
| ₹437 cr raised from ServiceNow Ventures Aug | 2025 |
Also in the report
- 9M revenue ₹662 cr (+31%)
Other figures
- 9M Ebitda loss ₹182 cr
- ~125 stores by FY26
- 70% of Bewakoof from app
- margins +~900 bps YoY
Why it matters to operators
TMRW's aggregator model—anchored by acquired/incubated brands like Bewakoof and Wrogn—signals continued appetite for digital-native fashion M&A as ABFRL builds a portfolio counterweight to Reliance and Myntra-owned labels.
The source
First seen