Expansion Announcement:
Patel Retail Limited has opened its 54th retail store located at Village Dvrali Malangad Road Kalyan (East), Thane. This expansion strengthens the company's presence across the Mumbai Metropolitan Region (MMR).
Strategic Context:
The newly launched store is strategically located to enhance accessibility for customers in Kalyan and nearby areas. The expansion reflects the company's continued focus on expanding into suburban and emerging urban markets, aligned with its strategy of increasing retail presence in high-growth locations while serving the evolving needs of local communities.
Store Format and Offerings:
The store provides customers with convenient access to a wide range of quality groceries, daily essentials, household products and value-driven offerings. The company aims to deliver a convenient shopping experience while strengthening its position as a trusted neighbourhood retail destination.
Management Commentary:
Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, commented: "Our retail expansion strategy is centered on bringing organized retail closer to customers across suburban and emerging urban markets while strengthening our presence in key growth locations. The launch of our 54th store in Kalyan (East) reflects this approach and further expands our footprint across the Mumbai Metropolitan Region. Every new store enables us to better serve the everyday needs of local communities by providing convenient access to quality groceries, household essentials and value-driven products through our neighbourhood retail format."
He added: "As we continue to grow our retail network, our focus remains on enhancing customer convenience, strengthening long-term relationships with our customers and creating sustainable value for all our stakeholders. We will continue to identify strategic locations that support our long-term growth ambitions while delivering a consistent and trusted shopping experience."
Future Expansion Plans:
The company will continue to identify strategic locations that support sustainable growth, enhance customer convenience and strengthen its market presence across existing and new geographies.
Company Background:
Patel Retail Limited is a leading name in value-driven retail and integrated food processing in India. Headquartered in Ambernath, Mumbai with operations across MMRDA region, the company combines modern retail formats with backward integration in agri-processing to ensure quality, cost efficiency, and supply reliability.
Business Operations:
- Offers mobile application connecting customers to their nearest store with free home delivery
- In-house brands: Indian Chaska (spices and flavourings), Patel Fresh (pulses, nuts, and dry fruits), Patel Essential (household and cleaning products)
- Food processing units in Dudhai, Gujarat and facility in Ambarnath MIDC
- Current network: 54 stores
- Expanding footprint in Thane, Raigad and Palghar District
- Successfully completed Initial Public Offering in August 2025
- Shares listed on BSE and NSE on August 26, 2025
Financial Performance:
FY26 Results:
- Total Income: ₹1,059.29 crore
- EBITDA: ₹83.08 crore
- Net Profit: ₹39.05 crore
Q1FY27 Results:
- Total Income: ₹310.24 crore
- EBITDA: ₹19.68 crore
- Net Profit: ₹9.52 crore
The financial performance reflects continued business growth and profitability.