Motilal Oswal Maintains Neutral on ABFRL, Sets Target at Rs 75

• Motilal Oswal issued a research report on Aditya Birla Fashion and Retail (ABFRL).
• ABFRL's 3QFY26 performance showed mixed results.
• Ethnic & luxury retail segments performed strongly.
• Pantaloons' revenue dipped ~2% YoY, impacted by festive calendar shifts and OWND losses.
• Motilal Oswal reiterates a 'Neutral' rating with a revised target price of INR 75 (previously INR 80).