Aditya Birla Real Estate: Choice Institutional Equities Raises Price Target to Rs 1880
Aditya Birla Real Estate Reports Robust Pre-Sales in Q4FY26
Aditya Birla Real Estate (ABREL) has delivered a strong performance in the fourth quarter of fiscal year 2026, with robust pre-sales of INR 428.8 Mn, representing a 11.4% increase compared to the 9MFY26 pre-sales of INR 38,481 Mn. The company's four new launches contributed approximately 85% to the pre-sales, with Birla Arika phase 2 in Gurugram, Birla Trimaya phase 4 in Bengaluru, Birla Taranya in Thane, and Birla Punya phase 2 in Pune being the key contributors.
| Launch | Location | Sales Progress |
|---|---|---|
| Birla Arika phase 2 | Gurugram | 97% sold out |
| Birla Trimaya phase 4 | Bengaluru | 85% sold out |
| Birla Taranya | Thane | 44% sold out |
| Birla Punya phase 2 | Pune | 35% sold out |
In addition to the new launches, the company's sustenance sales were also strong in the quarter, with Birla Evam in Bengaluru and Birya Niyaara in Worli jointly contributing approximately 15% to Q4FY26 pre-sales.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Maintaining 'BUY' Recommendation on ABREL
Based on the company's performance, Choice Institutional Equities is maintaining its 'BUY' recommendation on ABREL with a target price of INR 1,880 per share, representing an upside of 21.5%. The target price is unchanged and is based on a SOTP valuation framework.
Investor Takeaway
Investors should consider maintaining a 'BUY' recommendation on ABREL with a target price of INR 1,880/sh.
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