Patel Retail Limited , a growing player in the retail sector, has announced the opening of a new store, further expanding its presence in the Mumbai Metropolitan Region. The company's latest outlet, named 'PATEL'S R MART', is located in Kalyan East, marking a significant step in the company's expansion strategy.

Store Details

The new store, assigned the code 'KYD', is situated at Shop no.28,29,30, New ERA Yogi Dham, Kalyan East, Kalyan- 421 301. This strategic location is expected to cater to the growing consumer base in the Kalyan area, known for its rapid urban development and increasing retail demand.

Milestone Achievement

With this new addition, Patel Retail Limited has reached a notable milestone, bringing its total store count to 46. This expansion underscores the company's commitment to growth and its efforts to enhance its market presence in key urban and suburban areas.

Management Statement

Prasad Ramesh Khopkar, Company Secretary & Compliance Officer of Patel Retail Limited, made the announcement, stating, "We are pleased to inform our stakeholders about the opening of our new 'PATEL'S R MART' store in Kalyan East. This addition brings our total store count to 46, reflecting our ongoing commitment to expand our retail footprint and serve more customers."

Regulatory Compliance

The company has duly informed the BSE Limited and the National Stock Exchange of India Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are kept informed about the company's expansion activities.

Looking Ahead

As Patel Retail Limited continues to grow its store network, investors and market watchers will likely keep a close eye on the company's performance and future expansion plans. The retail sector in India remains highly competitive, and strategic store locations could play a crucial role in the company's long-term success.

The opening of the new store in Kalyan East not only strengthens Patel Retail's presence in the Mumbai Metropolitan Region but also demonstrates the company's confidence in the growth potential of suburban markets. As the retail landscape evolves, Patel Retail Limited's expansion strategy may provide insights into broader trends in the Indian retail sector.

Patel Retail has announced its unaudited standalone financial results for the first quarter ended June 30, 2025, showcasing growth in both revenue and profitability.

Financial Highlights

The company reported a 2.86% year-on-year increase in revenue from operations, reaching ₹182.45 crore in Q1 FY2026, compared to ₹177.38 crore in the same quarter last year. Net profit for the quarter stood at ₹6.92 crore, marking a 13.16% rise from ₹6.12 crore in Q1 FY2025.

The company's basic and diluted earnings per share (EPS) for the quarter improved to ₹2.78, up from ₹2.51 in the corresponding quarter of the previous year.

Operational Performance

Patel Retail demonstrated resilience in its operational performance, with a notable increase in inventory levels. The changes in inventories showed a positive figure of ₹26.37 crore for Q1 FY2026, compared to ₹13.82 crore in Q1 FY2025, indicating increased stock levels to meet growing demand.

Board Approvals and Corporate Actions

In a board meeting held on September 15, 2025, Patel Retail's directors approved several key items:

1. Unaudited Financial Results: The board approved the unaudited standalone financial results for Q1 FY2026.

2. Appointment of Secretarial Auditor: The board recommended the appointment of Messer Deep Shukla & Associates as the company's Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30, subject to shareholder approval at the upcoming general meeting.

Recent IPO

Following the end of the reported quarter, Patel Retail completed its Initial Public Offering (IPO) of 95,20,000 equity shares at ₹255 per share. The IPO included a fresh issue of 85,18,000 shares and an offer for sale of 10,02,000 shares by existing shareholders. The company's shares were subsequently listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 26, 2025.

Conclusion

Patel Retail continues to navigate the dynamic retail sector, showing promising results in the first quarter of the fiscal year 2025-26. The company's performance indicates a positive trajectory in both top-line and bottom-line growth, suggesting effective management of operations and costs in a competitive retail environment.