Patel Retail Limited has informed the Exchange about Transcript.

Sunday, November 8, 2026 Ref: PRL/BSE&NSE/2026-2027/63. 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 400 001. Mumbai - 400 051. Scrip Code: 544487 Symbol: PATELRMART Subject: Transcript of“Q2 & H1 FY27” Earnings Conference Call. Respected Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulation, 2015 read with Para A and Part A of schedule Ill of the said regulations, please find enclosed the transcript of Q2 & H1 FY27 Earnings Conference Call held on November 06,2026. The said Transcript will be simultaneously posted on the Company’s website at https://patelrpl.in/investor-relations/ This for information, dissemination and record purpose. Yours Sincerely, For Patel Retail Limited Prasad Ramesh Khopkar (Company Secretary) Enclosure: Transcript of Earnings Conference Call. Page 1 of 1 “Patel Retail Limited Q2 and H1 FY27 Results Conference Call” November 06, 2026 MANAGEMENT: MR. DHANJI PATEL – CHAIRMAN AND MANAGING DIRECTOR – PATEL RETAIL LIMITED MR. HITESH SAWLANI – CHIEF FINANCIAL OFFICER – PATEL RETAIL LIMITED MR. SAGAR UNDE – ASSOCIATE DIRECTOR BUSINESS DEVELOPMENT – PATEL RETAIL LIMITED MODERATOR: MR. SOUMIK CHATTERJEE – INVESTOR RELATIONS MANAGER – KIRIN ADVISORS Page 1 of 14 Patel Retail Limited November 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q2 and H1 FY27 Results Conference Call of Patel Retail Limited hosted by Kirin Advisors. As a reminder all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call please signal an operator by pressing star then zero on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Soumik Chatterjee from Kirin Advisors. Thank you, and over to you, sir. Soumik Chatterjee: Good afternoon, everyone. On behalf of Kirin Advisors, I welcome you all to the conference call of Patel Retail Limited. From the management team, we have Mr. Dhanji Patel, Chairman and Managing Director; Mr. Hitesh Sawlani, Chief Financial Officer; and Mr. Sagar Unde, Associate Director Business Development. With that, now I hand over the call to Mr. Sagar for the opening remarks. Over to you, sir. Sagar Unde: Thank you, Soumik. Good afternoon everyone, and thank you for joining us. On behalf of the management team, I would like to welcome all our investors, analysts, and stakeholders to Patel Retail Limited earning call for the second quarter and first half of FY27. For those joining us for the first time, let me briefly introduce Patel Retail Limited and our business. We began our journey in 1990 with a single grocery store, and today we have grown to operate 54 stores across Maharashtra under Patel’s R Mart brand. Alongside retailing an established third-party brand we have developed our own manufacturing and food processing capabilities, enabling us to build a portfolio of private label products. One of our key spice brands, Indian Chaska, which has expanded its distribution network across eight states and one union territory, in addition to serving the domestic market, we also have established export business, taking our products to international market. As we reflect on the first half of FY27, I am pleased to share that Patel Retail has made encouraging progress across its value-driven retail and food processing businesses. We have continued to expand our retail footprint, strengthen our manufacturing capabilities, and extend the reach of our in-house brands. Together with our growing retail network and investment in processing and distribution infrastructure, these initiatives are helping us to build a stronger, more integrated business and create a solid foundation for sustainable growth. As mentioned earlier, we currently operate 54 stores across our key market. Our expansion journey has introduced four new store additions at Rasayani, Bhiwandi, Uran, and Kalyan East. These additions have further strengthened our presence across the Mumbai metropolitan region and surrounding markets, enabling us to reach a wider customer base, particularly in emerging residential and semi-urban locations. Alongside expanding our store network, we have continued to strengthen our food processing capabilities. During July, we commenced a new curry powder production line at our manufacturing facility. This addition strengthens our manufacturing capabilities and is expected to support growing demand for our products across domestic and export markets. Page 2 of 14 Patel Retail Limited November 06, 2026 Our private label portfolio remains an important part of our growth strategy. Through brands such as Indian Chaska for spices, Patel Fresh for pulses, nuts, and dry fruits, and other private labels such as Tidymax and Blixo, we are expanding our presence across everyday consumer categories. We believe our in-house brands allow us to offer quality products at competitive prices while strengthening customer engagement and supporting the overall economics of our retail business. We have also continued to widen the geographical reach of Indian Chaska. During August, we expanded the brand distribution into Madhya Pradesh, taking its presence to eight states and one union territory. This expansion allows us to reach a broader consumer base beyond our existing market and provide an additional growth avenue alongside our retail operations. Following the close of the first half, we have taken further steps to strengthen our product portfolio. In October, we launched whole spices product under Indian Chaska, complementing our existing range of blended spices. This addition broadens our product offering and enables us to cater to a wider range of consumer preferences across the spices market. We have also strengthened our store expansion pipeline by finalizing locations at Ghoti in Nashik district and Mangaon in Mahad region of Raigad district. The proposed Ghoti store will mark our entry into Nashik and take our retail presence to four districts in Maharashtra, while the Mangaon locations will further strengthen our presence in Raigad. These planned additions are in line with our strategy of entering new markets and expanding our reach across emerging, urban and semi-urban locations. On our infrastructure side, our Ambernath distribution centre has been operating at full utilization reflecting the growing requirements of our expanding retail network. To address this, we have added additional 20,000 square feet of covered space at the facility, taking its total area from 64,000 square feet to approximately 84,000 square feet. This expansion will enhance our warehouse capacity, strengthen inventory management, and improve the efficiency of our supply chain. It will also provide the necessary infrastructure to support our growing store network, ensure better product availability across locations, and accommodate our future business expansion. Coming to our financial performance for the second quarter of FY27, total income stood at INR300.9 crores, registering a growth of 33.5% year on year compared with INR225.4 crores in Q2 FY26. EBITDA increased by 5.2% to INR20.5 crores compared with INR19.5 crores in the corresponding quarter last year. EBITDA margin stood at 6.8% compared with 8.6% in Q2 FY26. Profit after tax stood at INR9.9 crores compared with INR10.1 crores in the corresponding quarter last year. PAT margin stood at 3.3% compared with 4.5% in Q2 FY26. For the first half of FY27, total income stood at INR611.1 crores, registering a growth of 49.6% year-on-year. Page 3 of 14 Patel Retail Limited November 06, 2026 EBITDA increased by 13.6% to INR40.2 crores compared with INR35.4 crores in correspon [Showing first 8,000 characters — download PDF for full document]