The press release is submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to BSE Limited and National Stock Exchange of India Limited.
Signed by Prasad Ramesh Khopkar, Company Secretary, digitally on October 22, 2026.
Expansion Announcement
Patel Retail Limited has finalized two locations for upcoming stores: Ghoti in Nashik district and Mangaon/Mahad in Raigad district.
The Ghoti store marks the company's entry into Nashik district, a new geography, expanding its retail presence to four districts: Thane, Raigad, Palghar, and Nashik.
The Mangaon/Mahad location will strengthen the company's existing presence in Raigad district.
The expansion is part of the company's cluster-based strategy to build its store network through carefully selected locations that serve local communities and support sustainable growth.
The company currently operates a network of 54 stores.
The aim is to bring organised retail closer to customers and improve access to groceries, daily essentials, household products, and value-driven offerings.
Management Commentary
Mr. Dhanji Patel, Chairman & Managing Director, commented that the expansion reflects the strength of the cluster-based approach and aims to enhance customer convenience in suburban and emerging urban markets.
He stated that the company will continue to identify strategic locations across existing and new geographies.
About Patel Retail Limited
Patel Retail Limited is a diversified retail and food processing company headquartered in Ambernath, Mumbai with operations across the MMRDA region.
It combines modern retail formats with backward integration in agri-processing to ensure quality, cost efficiency, and supply reliability.
The company offers a mobile application for customers to connect to their nearest store and access free home delivery.
In-house brands include Indian Chaska (spices and flavourings), Patel Fresh (pulses, nuts, and dry fruits), and Patel Essential (household and cleaning products).
Food processing units are located in Dudhai, Gujarat, and Ambarnath MIDC.
The company had a successful Initial Public Offering in August 2025, with shares listed on BSE and NSE on August 26, 2025.
Financial performance for FY26: Total Income of ₹1,059.29 crore, EBITDA of ₹83.08 crore, and Net Profit of ₹39.05 crore.
Disclaimer
The document includes forward-looking statements subject to risks and uncertainties such as government actions, economic developments, and technological risks.
The company undertakes no obligation to update these statements publicly.
