Financial Performance Summary

Q2 FY27 Financial Highlights (₹ Crore)

| Particulars | Q2 FY27 | Q2 FY26 | YoY Change |

| Total Income | 300.95 | 225.43 | +33.5% |

| EBITDA | 20.56 | 19.55 | +5.2% |

| PAT | 9.91 | 10.14 | -2.2% |

H1 FY27 Financial Highlights (₹ Crore)

| Particulars | H1 FY27 | H1 FY26 | YoY Change |

| Total Income | 611.19 | 408.63 | +49.6% |

| EBITDA | 40.24 | 35.43 | +13.6% |

| PAT | 19.43 | 17.06 | +13.9% |

Operational Highlights

Retail Network Expansion

  • Expanded retail network to 54 stores with four additions during H1 FY27
  • Two new store openings during Q2 FY27 at Uran, Raigad and Kalyan (East), Thane
  • Store expansion pipeline includes finalized locations at Ghoti, Nashik and Mangaon/Mahad, Raigad
  • Proposed Ghoti store marks the company's entry into its fourth district

Product Portfolio and Distribution

  • Expanded Indian Chaska's distribution network into Madhya Pradesh, now present in 8 states and 1 Union Territory
  • Launched 23 whole spice products in October 2026, complementing existing blended spices range
  • Commissioned a new curry powder production line
  • Strengthened manufacturing capabilities

Infrastructure Development

  • Proposed 20,000 sq. ft. expansion of Ambernath distribution centre
  • Current Ambernath distribution centre operating at full capacity
  • Expansion will increase total area to approximately 84,000 sq. ft.
  • Expansion intended to support future growth and strengthen distribution capabilities

Management Commentary

Mr. Dhanji Patel, Chairman & Managing Director, commented:

  • Performance reflects strength of integrated retail and food processing business model
  • Growth driven by expansion of retail network and growing reach of in-house brands
  • Priorities include disciplined retail expansion, enhanced manufacturing utilization
  • Focus on stronger distribution capabilities and wider market penetration of Indian Chaska, Patel Fresh and Patel Essential
  • Emphasis on operational efficiency and prudent working capital management
  • Confidence in ability to drive sustainable growth and create long-term value for stakeholders

Company Background

  • Headquartered in Ambernath, Mumbai with operations across MMRDA region
  • Combines modern retail formats with backward integration in agri-processing
  • Maintains food processing units in Dudhai, Gujarat and Ambernath MIDC
  • Strong portfolio includes in-house brands: Indian Chaska (spices and flavourings), Patel Fresh (pulses, nuts, dry fruits), Tidymax, and Blixo
  • Mobile application connects customers to nearest store with free home delivery
  • Successful Initial Public Offering in August 2025 with shares listed on BSE and NSE on August 26, 2025
  • FY26 performance: Total Income of ₹1,059.29 crore, EBITDA of ₹83.08 crore, Net Profit of ₹39.05 crore