kiaasa retail opened three new retail outlets, identified as Exclusive Brand Outlets, in May 2026 under the brand name KIAASA. This expansion marks the debut of the brand in Muzaffarnagar and Haldwani, while the Jammu location represents the third store in the region. The move aligns with the company's strategy to grow its market presence across India.

The new outlets are situated in Muzaffarnagar, Uttar Pradesh; Haldwani, Uttarakhand; and Jammu. The store in Jammu is located on GSS Road. The company stated that the opening of the third store in Jammu reflects strong customer response and growing demand in the region.

Kiaasa Retail Limited is headquartered at Plot No- 1/37, South Side G.T. Road Industrial Area, Lalkuan, Ghaziabad, Uttar Pradesh. The company operates over 100 stores in more than 60 cities across the country.

The intimation regarding the store openings was submitted to BSE Limited on June 01, 2026. The filing was signed by Kanishka Singhal, Company Secretary & Compliance Officer.

Kiaasa Retail Limited has released the transcript of its post-earnings conference call held on May 26, 2026, discussing the audited standalone financial results for the half-year and financial year ended March 31, 2026. The disclosure was submitted under Regulation 30 of the SEBI (LODR) Regulations, 2015. The management outlined a strategic expansion plan while reporting a 24% year-over-year growth in net profit for FY26.

Financial Performance

For the fiscal year ended March 31, 2026, the company reported total revenue from operations of ₹134.63 crore. The company achieved an EBITDA of ₹24 crore, reflecting a margin of 17.8%. Net profit for the period stood at ₹11.17 crore, representing a 24% increase compared to the previous year. The EBITDA margin expanded significantly from the previous year's range of 13-14% to 17.8%, driven by improved sourcing efficiencies and better vendor negotiations through bulk procurement.

Operational Highlights

Operationally, the company expanded its footprint to over 124 active Exclusive Brand Outlets (EBOs) across more than 70 cities as of May 2026. Same-store sales growth accelerated to 12.89%, and the customer base increased to over 5.5 lakh. The company operates in the Indian women's ethnic wear market, which is projected to reach ₹2.5 lakh crore by 2030 with a 7% annual growth rate.

Strategic Expansion and Guidance

The management has set a target to expand the network to 250 stores by 2028. To support this, the company plans to open 66 stores over the next two years using IPO proceeds, with a total allocation of approximately ₹46 crore for capital expenditure and inventory. The company aims for a revenue CAGR of 35% and an EBITDA CAGR of 45% by FY30. New initiatives include the introduction of the 'Kiaasa Divas' segment for young girls and bespoke DIY studio brands for custom ethnic wear.

Omni-Channel and Future Plans

Kiaasa Retail is evolving its omni-channel model, integrating digital storefronts with physical stores to optimize inventory management. Online sales currently contribute 1-2% of total revenue, with expectations to grow to 10-12% in the coming years. The company also plans to enter multi-brand outlets (MBOs) and large format stores (LFS) in FY27 to enhance brand awareness, despite lower margins compared to EBOs. Global expansion into markets such as Dubai, London, and Canada is planned for the next three to five years.