Central government employees may get 20–24 months of arrears under the 8th Pay Commission, but HRA and TPTA arrears may not be backdated. Only DA arrears are likely, depending on implementation delays and approval timelines.
Consistent revenue growth and steady margin expansion in Pantaloons with the refreshed brand identity, along with loss reduction in TCNS and scale-up of TASVA,OWND, remain the key long-term catalysts for Aditya Birla Fashion adds Motilal Oswal.