Patel Retail Limited reported a 54.48% year-on-year increase in profit after tax (PAT) to INR39.05 crore for the financial year ended March 31, 2026. Total income grew by 28.25% to INR1,059.29 crore, crossing the INR1,000 crore mark, driven by strong performance across its retail and manufacturing segments. The company achieved a record 58 lakh bill cuts during the year, reflecting robust consumer engagement.

For the fourth quarter of FY26, total income increased by 53.35% year-on-year to INR339.55 crore. PAT for the quarter rose by 39.07% to INR9.98 crore, while EBITDA grew by 31.21% to INR22.74 crore. EBITDA margins for the quarter stood at 6.70%. The company's integrated business model, spanning retail and manufacturing, contributed to margin stability and operational efficiency.

Financial Performance

The company's private label portfolio, including brands like Patel Fresh and Indian Chaska, gained significant traction during the year. Retail sales increased by 16.33% year-on-year to INR429 crore. Patel Retail expanded its footprint by launching its 50th store in Thakurli during Q4 FY26 and its 51st store in Rasayani in April 2026, taking the total retail space to over 2.29 lakh square feet.

Operational Highlights

The manufacturing and processing segment played a critical role in supporting both domestic and international operations. The company received DGFT authorization for wheat flour and related products, enhancing its export capabilities. Capacity utilization across facilities improved to approximately 50% to 55%. Management stated that they are focused on expanding the retail footprint beyond Thane and Raigad into western MMR suburbs and Pune, alongside increasing capacity utilization at processing units in Ambernath and Kutch.

Future Outlook

Management indicated plans to open 8 to 10 stores annually, targeting expansion into western suburbs, PCMC, and potentially Gujarat. The company aims to achieve higher double-digit revenue growth of 20% and above in the coming fiscal. EBITDA margins are expected to be in the range of 8% to 9%. The debt-equity ratio improved to 0.34 in FY26 from 1.34 previously, and the company expects further deleveraging. Operating cash flow is anticipated to turn positive by H1 of FY27.

Patel Retail has opened its 52nd Patel's R Mart store at H. No 457 (A) Near Petrol Pump Village, Bapgaon, Bhiwandi, strengthening its presence in the Mumbai Metropolitan Region (MMR). The launch marks a step in the company's cluster-based expansion strategy to enhance accessibility in suburban and emerging urban markets. The disclosure was made to the exchanges on June 6, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Latest Store Opening

The newly launched outlet in Bhiwandi represents Patel Retail's most recent milestone in its ongoing retail expansion drive. With this addition, the company's network now stands at 52 stores, reflecting steady progress toward its stated growth ambitions.

Expansion Strategy

The retailer's growth roadmap reflects a structured approach to scaling its store count and geographic reach. Patel Retail is targeting the opening of over 75 stores by FY27, moving beyond its existing presence in the Mumbai Metropolitan Region (MMR) into new cities across Maharashtra and Western India. The Bhiwandi store opening is consistent with this strategy of expanding into newer geographies within the region.

Leadership Commentary

Dhanji Patel, Chairman & Managing Director of Patel Retail, stated that the opening of the 52nd store reflects a strategic approach where every location is selected after assessing demographics, consumer demand, and long-term growth prospects. He noted that Bhiwandi is emerging as an important economic and residential hub within the MMR, supported by population growth and infrastructure development. The company aims to build a scalable retail network while driving sustainable and profitable growth.