Date: August 24, 2026
Financial Results (Standalone & Consolidated)
Q1 FY27 Performance (YoY Comparison):
- Total Income: ₹310.24 Cr (vs ₹183.19 Cr in Q1 FY26) - 69.35% growth
- Other Income: ₹0.74 Cr (vs ₹0.70 Cr in Q1 FY26)
- Raw Material Expenses: ₹259.20 Cr (vs ₹143.44 Cr in Q1 FY26)
- Employee Costs: ₹10.80 Cr (vs ₹8.31 Cr in Q1 FY26)
- Other Expenses: ₹20.56 Cr (vs ₹15.56 Cr in Q1 FY26) - 23.92% growth
- Total Expenditure: ₹290.55 Cr (vs ₹167.31 Cr in Q1 FY26)
- EBITDA: ₹19.68 Cr (vs ₹15.88 Cr in Q1 FY26)
- EBITDA Margin: 6.34% (vs 8.67% in Q1 FY26)
- Finance Costs: ₹2.50 Cr (vs ₹3.83 Cr in Q1 FY26)
- Depreciation: ₹4.37 Cr (vs ₹2.78 Cr in Q1 FY26)
- PBT: ₹12.82 Cr (vs ₹9.27 Cr in Q1 FY26)
- Tax: ₹3.30 Cr (vs ₹2.35 Cr in Q1 FY26)
- PAT: ₹9.52 Cr (vs ₹6.92 Cr in Q1 FY26) - 37.43% growth
- PAT Margin: 3.07% (vs 3.78% in Q1 FY26)
Annual Performance (FY24-FY26):
- Revenues: FY24 ₹814.19 Cr, FY25 ₹820.69 Cr, FY26 ₹1,048.33 Cr
- Total Income: FY24 ₹817.71 Cr, FY25 ₹825.99 Cr, FY26 ₹1,059.29 Cr
- EBITDA: FY24 ₹55.84 Cr (6.83% margin), FY25 ₹62.43 Cr (7.56% margin), FY26 ₹83.08 Cr (7.84% margin)
- PAT: FY24 ₹22.53 Cr (2.76% margin), FY25 ₹25.28 Cr (3.06% margin), FY26 ₹39.05 Cr (3.69% margin)
Balance Sheet Highlights (FY26):
- Total Equity: ₹363.89 Cr (Equity ₹33.40 Cr + Reserves ₹330.49 Cr)
- Non-Current Borrowings: ₹14.22 Cr
- Lease Liabilities: ₹29.56 Cr (non-current) + ₹10.68 Cr (current)
- Current Borrowings: ₹109.03 Cr
- 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
Board Meeting Outcomes
Not Specified
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Company Overview:
- Fast-growing, value-driven retail and FMCG company with integrated model spanning manufacturing, retail, and exports
- Began journey in 1990 with single grocery store in Ambernath, Maharashtra
- Operates 53 stores with 2,41,658 Sq. Ft. of retail space across Thane, Raigad and Palghar
- Listed on NSE & BSE in August 2025
- In-house brands: Patel Fresh, Indian Chaska, Blue Nation, Patel Essentials
- Exports to 35+ countries
Operational Metrics:
- FY26: 58 lakh bill cuts, retail sales of ₹468 Cr from 50 operational stores
- FY25: 52 lakh bill cuts, retail sales of ₹369 Cr, 42 stores by March 2025
- FY24: 39.7 lakh bill cuts, retail sales of ₹289.72 Cr
- Private label sales accounted for 17.5% of retail revenue in Q1 FY27
Expansion History:
- 2026: Added 11 new stores, received DGFT authorization to export wheat flour
- 2025: Added 9 new stores, listed on BSE & NSE
- 2022-2023: Recognized as Four Star export house, expanded to 25+ countries, retail base from 30 to 33 stores
- 2022: Established Agro Processing Cluster at Dudhai, Kutch, Gujarat
- 2019: Received approval from MOFPI to set up Agro Processing Cluster, opened 20th supermarket, recognized as Three Star Export House
- 2014: Set up 1st Processing Plant at Dudhai Kutch Gujarat
- 2003: Opened first supermarket in Ambernath, Maharashtra
Strategic Initiatives:
- Customer Engagement "One Month Free Shopping (15+1)" Scheme: Customers spending ₹2,500+ per month become eligible for free shopping in 16th month after 15 months of continuous shopping
- Mobile app with 50,000+ downloads enabling O2O model
- Cluster-based expansion strategy focusing on suburban locations
- Target: 75+ stores by FY27, private label contribution from 17.50% to over 22%
Industry Context:
- Retail sector accounts for ~10% of India's GDP, projected 7% CAGR (2024-2030)
- Food & Grocery contributes 63% of India's total retail market
- Organized retail forms 12-15% of FMCG sales, expected to grow from USD 186 Bn (2024) to USD 267 Bn (2033)
- E-grocery market valued at USD 9.68 Bn (2024), projected to reach USD 50.3 Bn by 2030 (~31.6% CAGR)