Patel Retail Limited has finalised locations for two new retail stores in Ghoti, Nashik District, and Mangaon/Mahad, Raigad District, Maharashtra. This move marks the company's strategic entry into the Nashik district, expanding its geographical presence to four districts within the state.

The proposed store at Ghoti signifies a key expansion milestone. With this addition, Patel Retail will operate across Thane, Raigad, Palghar, and Nashik districts. The company stated that this step strengthens its retail footprint across additional markets in Maharashtra.

Operational Timeline and Compliance

The new stores are proposed to be operationalised subject to the completion of necessary formalities, fit-outs, and other applicable regulatory requirements. Patel Retail confirmed it will make further disclosures as required under applicable law upon the occurrence of further developments.

This intimation was filed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to both BSE Limited and the National Stock Exchange of India Limited on October 22, 2026.

Strategic Footprint Expansion

The expansion reflects a focused regional growth strategy rather than a nationwide rollout. By consolidating its presence in Western Maharashtra, the company aims to deepen market penetration in high-potential semi-urban and rural corridors adjacent to its existing strongholds in Thane and Palghar.

Patel Retail Limited has launched a comprehensive Whole Spices catalogue under its in-house brand, Indian Chaska. The new range comprises 23 products, including everyday essentials and aromatic spices, aimed at strengthening the company's presence in the domestic and global food processing markets.

The launch marks a strategic expansion of Patel Retail's product portfolio, which already includes Patel Fresh for pulses and nuts, and Patel Essential for household items. The spices are manufactured at the company's facility in Kutch, Gujarat, and are designed to preserve natural aroma, colour, and flavour through careful sourcing, cleaning, grading, and packing processes.

Product composition and packaging

The Indian Chaska Whole Spices catalogue covers staples of Indian cooking, ranging from daily tadka ingredients to festive recipe components. The products are available in consumer-friendly pack sizes, from small 10g to 20g packs for trial purchases, up to 500g and 1kg packs for regular household use.

The 23-item range is categorized into three segments:

• Everyday essentials: Cumin Seed (Jeera), Coriander Seed (Dhania), Fennel Seed (Saunf), Mustard Seed (Rai), Yellow Mustard, Fenugreek Seed (Methi Dana), Carom Seeds (Ajwain), Dry Red Chilli, and Black Pepper.
• Aromatic and whole spices: Green Cardamom (Elaichi), Black Cardamom, Clove (Laung), Cinnamon (Dalchini), Bay Leaf (Tej Patta), Star Anise (Chakra Phool), Mace (Javantri), Whole Nutmeg (Jaiphal), and Dry Ginger.
• Seeds and specialty items: Nigella Seeds (Kalonji), Poppy Seed (Khus Khus), Black Sesame (Kale Til), Gond (Dried Gum), and Khada Garam Masala.

Strategic positioning

Dhanji Patel, Chairman and Managing Director of Patel Retail, stated that the brand-building strategy focuses on bringing authentic, quality Indian spices closer to customers. The initiative aims to serve everyday household needs while expanding into growing domestic and global markets. The company emphasizes consistency, hygiene, and authentic taste as core pillars of the Indian Chaska brand.

Patel Retail operates through a network of 54 stores across the Mumbai Metropolitan Region Development Authority (MMRDA) area, with an expanding footprint in Thane, Raigad, and Palghar districts. The company combines modern retail formats with backward integration in agri-processing to ensure quality and cost efficiency. It also utilizes a mobile application to connect customers to nearby stores and offer free home delivery.

Financial context

The product launch follows the company's successful Initial Public Offering in August 2025, which marked its listing on the BSE and NSE. In FY26, Patel Retail reported strong financial performance, recording total income of ₹1,059.29 crore, EBITDA of ₹83.08 crore, and net profit of ₹39.05 crore.

What the numbers show

The launch of the Indian Chaska Whole Spices range complements the company's existing retail infrastructure. With 54 stores and a mobile delivery app already in place, the introduction of high-margin private label FMCG products like spices can potentially enhance revenue per customer without significant incremental distribution costs. The company's FY26 EBITDA margin stands at approximately 7.8% (derived from ₹83.08 crore EBITDA on ₹1,059.29 crore total income), indicating a focus on value-driven retail where operational efficiency is key.