BSECompany Update3d ago · 4 Nov 2026, 09:20 pm
Press Release on Unaudited Financial Statements Q2 & H1 FY 27.
Patel Retail Ltd · 544487
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Patel Retail Ltd has announced its unaudited financial statements for Q2 and H1 FY27, reporting a 33.5% YoY growth in total income to ₹300.95 crore and ₹611.19 crore respectively. The company has expanded its retail network to 54 stores, launched a range of 23 whole spices, and strengthened its manufacturing capabilities.
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Patel Retail Ltd - 544487 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ref: PRL/BSE&NSE/2026-2027/59
Wednesday, November 4, 2026
To, To,
Department of Corporate Services The Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra
Dalal Street, Fort, Kurla Complex, Bandra (East), Mumbai –
Mumbai – 400 001. 400 051.
Scrip Code: 544487 Symbol: PATELRMART
Subject: Press Release on Unaudited Financial Statements Q2 & H1 FY27.
Respected Sir/Madam,
Kindly find appended herewith press release on the Unaudited Financial Statements
Q2 & H1 FY27.
You are requested to kindly take the above information on your records.
Thanking you,
Yours sincerely,
For Patel Retail Limited
Prasad Ramesh Khopkar
Company Secretary
Enclosures:
Press release on Unaudited Financial Statements Q2 & H1 FY27.
Page 1 of 1
Patel Retail Delivers 33.5% YoY Growth in Q2 FY27 Total Income to ₹300.95
Crore; H1 FY27 Total Income at ₹611.19 Crore
Retail network expands to 54 stores with four additions in H1 FY27; Indian Chaska enters Madhya
Pradesh, a range of 23 whole spices is launched and a new curry powder line is commissioned;
Ambernath distribution centre expansion proposed
Mumbai, 4th November 2026, Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), A diversified
retail and food processing company has announced its Unaudited Financial Statements Q2 & H1 FY27,
highlighting the expansion of its retail network to 54 stores, wider distribution of its flagship brand Indian
Chaska and the launch of Whole Spices.
Key Financial Highlights
Particulars (₹ Cr) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY
Total Income 300.95 225.43 33.5% 611.19 408.63 49.6%
EBITDA 20.56 19.55 5.2% 40.24 35.43 13.6%
PAT 9.91 10.14 (2.2%) 19.43 17.06 13.9%
Commenting on the performance, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail
Limited, said:
“Our performance in Q2 and H1 FY27 reflects the strength of our integrated retail and food processing
business model. Total income grew by 33.5% year-on-year in Q2 FY27 and 49.6% year-on-year in H1 FY27,
driven by the expansion of our retail network and the growing reach of our in-house brands.
During H1 FY27, we added four stores, taking our network to 54 stores, expanded Indian Chaska into
Madhya Pradesh and commissioned a new curry powder production line, strengthening our
manufacturing capabilities.
Following the close of H1 FY27, we further diversified our product portfolio with the launch of a range of
23 whole spices in October 2026. We have also planned two new stores at Ghoti in Nashik district and
in the Mangaon/Mahad region of Raigad district, supporting our strategy of expanding into new
markets. Additionally, we have proposed a 20,000 sq. ft. expansion of our Ambernath distribution
centre, which is operating at full capacity, to support future growth.
Looking ahead, our priorities remain disciplined retail expansion, enhanced manufacturing utilisation,
stronger distribution capabilities and wider market penetration of Indian Chaska, Patel Fresh and
Patel Essential. With a continued focus on operational efficiency and prudent working capital
management, we remain confident in our ability to drive sustainable growth and create long-term
value for our stakeholders.”
Key Operational Highlights
• Expanded the retail network to 54 stores with two new store openings during Q2 FY27 at Uran,
Raigad, and Kalyan (East), Thane.
• Strengthened the store expansion pipeline by finalising locations at Ghoti, Nashik, and
Mangaon/Mahad, Raigad, with the proposed Ghoti store marking the Company's entry into its
fourth district.
• Expanded Indian Chaska's distribution network into Madhya Pradesh, taking its presence to 8
states and 1 Union Territory.
• Strengthened the Indian Chaska portfolio with the launch of 23 whole spice products,
complementing its existing blended spices range.
• Addition of 20,000 sq.ft. in Ambernath distribution centre, increasing its total area to
approximately 84,000 sq.ft. to support future growth and strengthen distribution capabilities.
About Patel Retail Limited:
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. It also extends its reach through a mobile application that connects customers to their
nearest store and offers free home delivery.
Patel Retail has built a strong portfolio of products through its in-house brands – Indian Chaska for spices
and flavourings, Patel Fresh for pulses, nuts, and dry fruits, along with other private labels such as
Tidymax and Blixo. Supported by food processing units in Dudhai, Gujarat, and facility in Ambernath MIDC,
along with a current network of 54 stores, the company maintains strict quality and safety standards
while delivering value across its product categories.
With an expanding footprint in Thane, Raigad and Palghar District, Patel Retail has steadily strengthened
its presence in suburban and emerging urban markets. This growth momentum culminated in its
successful Initial Public Offering in August 2025, with the company’s shares listed on the BSE and NSE on
August 26, 2025 marking an important milestone in its journey of scale, trust, and customer centricity.
The Company delivered a strong financial performance in FY26, recording Total Income of ₹1,059.29 crore,
EBITDA of ₹83.08 crore, and Net Profit of ₹39.05 crore
Disclaimer
Certain statements in this document that are not historical facts are forward looking statements. Such
forward looking statements are subject to certain risks and uncertainties like government actions, local,
political or economic developments, technological risks, and many other factors that could cause actual
results to differ materially from those contemplated by the relevant forward-looking statements. The
Company will not be in any way responsible for any action taken based on such statements and
undertakes no obligation to publicly update these forward-looking statements to reflect subsequent
events or circumstances.
For Further Information Please Contact Corporate Communication Advisor
Kirin Advisors Private Limited
Sunil Mudgal – Director
sunil@kirinadvisors.com
ir@kirinadvisors.com
+91 98692 75849
www.kirinadvisors.com