Date: Tuesday, June 2, 2026

Financial Results (Standalone & Consolidated)

FY26 Financial Performance:

  • Total Income: ₹1,059.29 Cr (vs ₹825.99 Cr in FY25, +28.2% growth)
  • Revenue: ₹1,048.33 Cr
  • Other Income: ₹10.97 Cr
  • Raw Material Expenses: ₹871.39 Cr
  • Employee Costs: ₹38.00 Cr
  • Other Expenses: ₹66.83 Cr
  • Total Expenditure: ₹976.21 Cr
  • EBITDA: ₹83.08 Cr (7.84% margin vs 7.56% in FY25)
  • Finance Costs: ₹12.30 Cr
  • Depreciation: ₹18.36 Cr
  • PBT: ₹52.42 Cr
  • Tax: ₹13.37 Cr
  • PAT: ₹39.05 Cr (3.69% margin vs 3.06% in FY25, +54.5% growth)

Q4 FY26 Financial Performance:

  • Total Income: ₹339.55 Cr (vs ₹221.42 Cr in Q4 FY25, +53.35% growth)
  • EBITDA: ₹22.74 Cr (6.70% margin vs 7.83% in Q4 FY25)
  • PAT: ₹9.98 Cr (2.94% margin vs 3.24% in Q4 FY25)

Balance Sheet Highlights (FY26):

  • Total Equity: ₹363.89 Cr (including Equity ₹33.40 Cr and Reserves & Surplus ₹330.49 Cr)
  • Non-Current Liabilities: ₹44.63 Cr (including Non-Current Borrowings ₹14.22 Cr and Lease Liabilities ₹29.56 Cr)
  • Current Liabilities: ₹211.58 Cr (including Current Borrowings ₹109.03 Cr and Trade Payables ₹88.78 Cr)
  • Fixed Assets: ₹109.03 Cr
  • Inventories: ₹259.60 Cr
  • Trade Receivables: ₹161.95 Cr
  • Cash & Bank Balance: ₹24.06 Cr
  • Total Assets: ₹620.10 Cr

Business Operations & Strategy

Retail Operations:

  • 51 stores operational with total retail space of 2,29,158 Sq. Ft.
  • Stores located across Thane, Raigad and Palghar districts of Maharashtra
  • Average daily footfall per store: 600+
  • Average store setup cost: ₹1,500/Sq.Ft (Capex) + ₹2,000/Sq.Ft (Inventory)
  • Average payback period: 2 years
  • Cluster-based expansion strategy with stores within 60-100 km proximity

Private Label Portfolio:

  • Brands: Patel Fresh, Indian Chaska, Blue Nation, Patel Essentials
  • Private label contribution: 17.5% of retail revenue in FY26
  • Target: Increase to over 22% in medium term

Manufacturing & Processing Facilities:

  • Ambernath, Maharashtra Facility: 7,678 sq. ft., capacity 14,400 MTPA for pulses, spices & groceries
  • Kutch, Gujarat Facility 1: 7,461 sq. mt., capacity 43,200 MTPA for peanuts & whole spices
  • Kutch, Gujarat Facility 2: 15.9 acres, capacity 90,000 MTPA including dry warehouse (3,040 MT) and cold storage (3,000 MT)

Digital & Omni-Channel Presence:

  • Patel's R Mart mobile app with 50,000+ downloads
  • Online sales value: ₹1.52 Cr+ in FY26
  • Real-time inventory integration with store network
  • Click & collect and home delivery options
  • Active social media presence across major platforms

Export Business:

  • Exports to 35+ countries
  • Products: staples, pulses, spices, processed foods
  • Brands: Patel Fresh and Indian Chaska
  • Leverages proximity to Kandla & Mundra ports

Growth Strategy & Outlook

Expansion Plans:

  • Target 75+ stores by FY27
  • Expansion into western MMR suburbs (Virar, Vasai, Bhayander)
  • Entry into Pune & PCMC markets
  • Exploration of central & western India markets

Strategic Initiatives:

  • Scale private label contribution to 22%+
  • Launch new categories in packaged foods, instant mixes, home essentials & apparel
  • Optimize manufacturing utilization to 80-85%
  • Expand capacities across pulses, spices, and mango pulp
  • Scale app adoption with enhanced loyalty features
  • Potential entry into quick commerce using existing app infrastructure
  • Strengthen export presence in 35+ countries with focus on South Asia, Middle East & North America

Management Commentary

Mr. Dhanji Patel, Chairman & Managing Director commented:

"FY26 has been one of the strongest years in the company's journey, marked by robust revenue growth, improved profitability, and continued business expansion across key verticals. The strong performance reflects the strength of our diversified business model, disciplined execution, and our ability to capitalize on emerging growth opportunities.

During the year, we continued to strengthen our market presence through strategic expansion initiatives, deeper customer engagement, and a sharper focus on value-added product categories. Our consistent efforts towards improving operational efficiencies, enhancing private label contribution, and expanding our product portfolio have supported both growth and profitability.

Looking ahead, we remain optimistic about the long-term growth outlook for the company. With a strong expansion pipeline, growing export opportunities, improving product mix, and continued focus on innovation and operational discipline, we are confident of sustaining healthy growth momentum and creating long-term value for all stakeholders."